Kuwait: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Kuwait

The Kuwaiti mobile lifting frame market soared to $X in 2021, growing by 22% against the previous year. In general, consumption continues to indicate a modest expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Mobile Lifting Frame Production in Kuwait

In value terms, mobile lifting frame production dropped modestly to $X in 2021 estimated in export price. Overall, production continues to indicate notable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3,827% against the previous year. Mobile lifting frame production peaked at $X in 2020, and then contracted in the following year.

Mobile Lifting Frame Exports

Exports from Kuwait

Mobile lifting frame exports from Kuwait surged to X units in 2021, picking up by 25% on the previous year. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 9,543% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, mobile lifting frame exports soared to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 7,650%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X units) was the main destination for mobile lifting frame exports from Kuwait, with a 37% share of total exports. Moreover, mobile lifting frame exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X units), twofold. The third position in this ranking was taken by Bahrain (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+76.8% per year) and Bahrain (+97.0% per year).

In value terms, the largest markets for mobile lifting frame exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and Bahrain ($X), with a combined 74% share of total exports. India, Egypt, the United Arab Emirates and Afghanistan lagged somewhat behind, together accounting for a further 24%.

India, with a CAGR of +335.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, growing by 36% against the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 60%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+80.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into Kuwait

In 2021, overseas purchases of mobile lifting frames on tyres and straddle carriers increased by 157% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 848% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, mobile lifting frame imports skyrocketed to $X in 2021. Over the period under review, imports recorded a perceptible expansion. The growth pace was the most rapid in 2014 when imports increased by 540% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Germany (X units) and Saudi Arabia (X units) were the main suppliers of mobile lifting frame imports to Kuwait, together comprising 57% of total imports. France, Japan, India, Belgium, Australia and China lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +51.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mobile lifting frame suppliers to Kuwait were Germany ($X), France ($X) and the United Arab Emirates ($X), together accounting for 50% of total imports.

In terms of the main suppliers, France, with a CAGR of +22.7%, saw 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

In 2021, the average mobile lifting frame import price amounted to $X per unit, with an increase of 57% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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