Report Update Nov 1, 2024

Kuwait - Non-Numerically Controlled Horizontal Lathes, for Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Kuwait

The Kuwaiti non-numerically controlled lathe market declined sharply to $X in 2021, dropping by -54.6% against the previous year. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Non-Numerically Controlled Lathe Production in Kuwait

In value terms, non-numerically controlled lathe production fell dramatically to $X in 2021 estimated in export price. Overall, production recorded a sharp decrease. Non-numerically controlled lathe production peaked at $X in 2020, and then reduced dramatically in the following year.

Non-Numerically Controlled Lathe Exports

Exports from Kuwait

In 2021, overseas shipments of non-numerically controlled horizontal lathes, for removing metal increased by 53% to X units, rising for the third consecutive year after two years of decline. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 2,200% against the previous year. Over the period under review, the non-numerically controlled laexports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, non-numerically controlled lathe exports declined sharply to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 2,578%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for non-numerically controlled lathe exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +44.5%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +46.3%.

Export Prices by Country

In 2021, the average non-numerically controlled lathe export price amounted to $X per unit, reducing by -50.2% against the previous year. Overall, the export price, however, posted a modest increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 236%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +1.2% per year.

Non-Numerically Controlled Lathe Imports

Imports into Kuwait

In 2021, approx. X units of non-numerically controlled horizontal lathes, for removing metal were imported into Kuwait; increasing by 55% on the year before. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 213% against the previous year. Over the period under review, non-numerically controlled laimports hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled lathe imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 129%. Over the period under review, non-numerically controlled laimports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X units) was the main supplier of non-numerically controlled lathe to Kuwait, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at -6.3%.

In value terms, the United States ($X) constituted the largest supplier of non-numerically controlled horizontal lathes, for removing metal to Kuwait, comprising 9.7% of total imports. The second position in the ranking was taken by South Korea ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.9% per year) and Saudi Arabia (-30.1% per year).

Import Prices by Country

The average non-numerically controlled lathe import price stood at $X per unit in 2021, jumping by 39% against the previous year. Over the period under review, the import price showed prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by 104%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+127.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-numerically controlled horizontal lathes, for removing metal in the world?

China remains the largest non-numerically controlled lathe consuming country worldwide, comprising approx. 22% of total volume. Moreover, non-numerically controlled lathe consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7% share.

What are the largest producers of non-numerically controlled horizontal lathes, for removing metal in the world?

The country with the largest volume of non-numerically controlled lathe production was China, accounting for 35% of total volume. Moreover, non-numerically controlled lathe production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Pakistan, with a 5.3% share.

What are the leading suppliers of non-numerically controlled horizontal lathes, for removing metal to Kuwait?

In value terms, the United States constituted the largest supplier of non-numerically controlled lathe to Kuwait, comprising 60% of total imports. The second position in the ranking was occupied by the UK, with a 15% share of total imports. It was followed by India, with a 14% share.

What are the leading importers of non-numerically controlled horizontal lathes, for removing metal from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for non-numerically controlled lathe exports from Kuwait.

What is the average export price for non-numerically controlled horizontal lathes, for removing metal in Kuwait?

In 2019, the average non-numerically controlled lathe export price amounted to $5,745 per unit, with an increase of 7.4% against the previous year.

What is the average import price for non-numerically controlled horizontal lathes, for removing metal in Kuwait?

In 2020, the average non-numerically controlled lathe import price amounted to $10,769 per unit, waning by -46.4% against the previous year.

This report provides an in-depth analysis of the non-numerically controlled lathe market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412140 - Non-numerically controlled horizontal lathes, for removing metal

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023