Report Update Nov 1, 2024

Kuwait - Power Tools - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Power Tool Market 2024

Power Tool Market Size in Kuwait

In 2021, the Kuwaiti power tool market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Power Tool Exports

Exports from Kuwait

For the fourth consecutive year, Kuwait recorded growth in overseas shipments of power tools, which increased by 6.2% to X units in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 6,063% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, power tool exports surged to $X in 2021. In general, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2016 when exports increased by 518%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for power tool exports from Kuwait, accounting for a 11% share of total exports. Moreover, power tool exports to Germany exceeded the volume sent to the second major destination, Oman (X units), fourfold. Thailand (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-6.6% per year) and Thailand (0.0% per year).

In value terms, Germany ($X), Bahrain ($X) and Switzerland ($X) appeared to be the largest markets for power tool exported from Kuwait worldwide, with a combined 43% share of total exports. These countries were followed by the United Arab Emirates, Oman, Thailand, Spain, Qatar and France, which together accounted for a further 12%.

In terms of the main countries of destination, Spain, with a CAGR of +57.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, jumping by 25% against the previous year. In general, the export price, however, continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 395%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Oman ($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 Switzerland (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Kuwait

In 2021, overseas purchases of power tools increased by 130% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted notable growth. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, power tool imports soared to $X in 2021. Over the period under review, imports, however, recorded a pronounced contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main power tool supplier to Kuwait, with a 97% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.5% per year) and Japan (-7.7% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Germany ($X) appeared to be the largest power tool suppliers to Kuwait.

In terms of the main suppliers, China, with a CAGR of +25.4%, 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

In 2021, the average power tool import price amounted to $X per unit, falling by -36.9% against the previous year. Over the period under review, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 61%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell sharply in the following year.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.2%), 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 power tools in the world?

The countries with the highest volumes of power tool consumption in 2020 were China, United States and Russia, together accounting for 47% of global consumption. These countries were followed by Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy, which together accounted for a further 27%.

What are the largest producers of power tools in the world?

The country with the largest volume of power tool production was China, comprising approx. 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold. The third position in this ranking was occupied by Russia, with a 3.6% share.

What are the leading suppliers of power tools to Kuwait?

In value terms, the United Arab Emirates constituted the largest supplier of power tool to Kuwait, comprising 58% of total imports. The second position in the ranking was occupied by China, with a 14% share of total imports.

What are the leading importers of power tools from Kuwait?

In value terms, the largest markets for power tool exported from Kuwait were the United Arab Emirates, Switzerland and United States, with a combined 42% share of total exports. These countries were followed by Qatar, Oman, France and Pakistan, which together accounted for a further 16%.

What is the average export price for power tools in Kuwait?

The average power tool export price stood at $44 per unit in 2020, declining by -13.9% against the previous year.

What is the average import price for power tools in Kuwait?

The average power tool import price stood at $18 per unit in 2020, waning by -32.7% against the previous year.

This report provides an in-depth analysis of the power tool 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 28241113 - Electromechanical hand drills operated without an external source of power
Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
Prodcom 28241123 - Electromechanical chainsaws
Prodcom 28241125 - Electromechanical circular saws
Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
Prodcom 28241133 -
Prodcom 28241135 -
Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
Prodcom 28241190 -

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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