Kuwait: Linoleum Manufacturing Machine Market 2024

Linoleum Manufacturing Machine Market Size in Kuwait

The Kuwaiti linoleum manufacturing machine market skyrocketed to $X in 2022, with an increase of 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw significant growth. Linoleum manufacturing machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Linoleum Manufacturing Machine Exports

Exports from Kuwait

In 2022, overseas shipments of machines used in the manufacture of linoleum or other floor coverings decreased by 0% to less than X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of 1,033% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, linoleum manufacturing machine exports expanded rapidly to $X in 2022. In general, exports faced a sharp slump. The most prominent rate of growth was recorded in 2016 when exports increased by 1,846%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for linoleum manufacturing machine exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -36.9%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for machines used in the manufacture of linoleum or other floor coverings exports from Kuwait, comprising 73% of total exports. The second position in the ranking was held by Iraq ($X), with a 15% share of total exports.

From 2012 to 2019, the average annual growth rate of value to the United Arab Emirates amounted to -36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+3.8% per year) and Bahrain (-65.3% per year).

Export Prices by Country

The average linoleum manufacturing machine export price stood at $X per unit in 2019, jumping by 29% against the previous year. In general, export price indicated a measured increase from 2012 to 2019: its price increased at an average annual rate of +2.7% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 72%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2019, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+92.6%), while the prices for the other major destinations experienced mixed trend patterns.

Linoleum Manufacturing Machine Imports

Imports into Kuwait

In 2022, linoleum manufacturing machine imports into Kuwait was estimated at X units, with an increase of 13% on the previous year's figure. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2015 when imports increased by 295%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, linoleum manufacturing machine imports soared to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 281% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Egypt (X units), Taiwan (Chinese) (X units) and Turkey (X units) were the main suppliers of linoleum manufacturing machine imports to Kuwait, with a combined 52% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +87.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of machines used in the manufacture of linoleum or other floor coverings to Kuwait, comprising 25% of total imports. The second position in the ranking was taken by China ($X), with an 8.5% share of total imports. It was followed by India, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.6% per year) and India (+18.9% per year).

Import Prices by Country

In 2022, the average linoleum manufacturing machine import price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 81%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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