Kuwait: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Kuwait

In 2022, the Kuwaiti metal cutting shear market decreased by -7.1% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a noticeable increase. Metal cutting shear consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Cutting Shear Production in Kuwait

In value terms, metal cutting shear production rose notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 71% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Cutting Shear Exports

Exports from Kuwait

In 2022, after three years of growth, there was significant decline in shipments abroad of metal cutting shears and similar hand tools, when their volume decreased by -22.3% to X tons. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 342%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal cutting shear exports fell remarkably to $X in 2022. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by 380% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Iraq (X tons) and the United Arab Emirates (X kg) were the main destinations of metal cutting shear exports from Kuwait, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +44.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for metal cutting shears and similar hand tools exports from Kuwait, comprising 74% of total exports. The second position in the ranking was taken by Oman ($X), with a 15% share of total exports. It was followed by Iraq, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+1.3% per year) and Iraq (+7.5% per year).

Export Prices by Country

In 2022, the average metal cutting shear export price amounted to $X per ton, shrinking by -17.6% against the previous year. Overall, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 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 Oman ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+17.6%), while the prices for the other major destinations experienced a decline.

Metal Cutting Shear Imports

Imports into Kuwait

In 2022, approx. X tons of metal cutting shears and similar hand tools were imported into Kuwait; falling by -11.4% compared with the previous year. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 139% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, metal cutting shear imports declined remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 93%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Slovenia (X tons) were the main suppliers of metal cutting shear imports to Kuwait, with a combined 74% share of total imports. Taiwan (Chinese), Austria, Malaysia, Italy, South Korea and Egypt lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X) constituted the largest metal cutting shear suppliers to Kuwait, together accounting for 56% of total imports. Italy, Slovenia, Austria, Malaysia, South Korea and Egypt lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Slovenia, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal cutting shear import price stood at $X per ton in 2022, declining by -4.4% against the previous year. In general, the import price saw a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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