Kuwait: Manostat Market 2024

Manostat Market Size in Kuwait

The Kuwaiti manostat market declined to $X in 2022, which is down by -14.5% 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). Overall, consumption, however, recorded a remarkable increase. Manostat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Manostat Exports

Exports from Kuwait

After two years of decline, shipments abroad of manostats decreased by -18.2% to X units in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when exports increased by 1,188% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, manostat exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,008%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for manostat exports from Kuwait, accounting for a 44% share of total exports. Moreover, manostat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X units), fourfold. The third position in this ranking was taken by Egypt (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-6.7% per year) and Egypt (-10.4% per year).

In value terms, Germany ($X) remains the key foreign market for manostats exports from Kuwait, comprising 72% of total exports. The second position in the ranking was held by France ($X), with a 9.8% share of total exports. It was followed by the United Arab Emirates, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.9% per year) and the United Arab Emirates (-8.0% per year).

Export Prices by Country

The average manostat export price stood at $X per unit in 2022, with an increase of 7.5% against the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 392%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+58.1%), while the prices for the other major destinations experienced more modest paces of growth.

Manostat Imports

Imports into Kuwait

In 2022, the amount of manostats imported into Kuwait declined markedly to X units, dropping by -27.4% against the previous year. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 181% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, manostat imports reduced slightly to $X in 2022. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 106% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest manostat supplier to Kuwait, accounting for a 65% share of total imports. Moreover, manostat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.5% per year) and Germany (+24.0% per year).

In value terms, China ($X) constituted the largest supplier of manostats to Kuwait, comprising 35% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Germany, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.1% per year) and Germany (+12.2% per year).

Import Prices by Country

The average manostat import price stood at $X per unit in 2022, rising by 35% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 71%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the UK ($X per unit), while the price for China ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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