Kuwait: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Kuwait

The Kuwaiti non-electric pulley tackle market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports from Kuwait

In 2022, non-electric pulley tackle exports from Kuwait fell to X units, waning by -7.1% against the previous year. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 9,212% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports reduced markedly to $X in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 26,633% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), Bahrain (X units) and Iraq (X units) were the main destinations of non-electric pulley tackle exports from Kuwait, with a combined 79% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +46.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric pulley tackle exported from Kuwait were Saudi Arabia ($X), Bahrain ($X) and Egypt ($X), with a combined 78% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +159.7%, recorded the highest growth rate of 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

The average non-electric pulley tackle export price stood at $X per unit in 2022, dropping by -22.5% against the previous year. Overall, the export price, however, posted significant growth. The growth pace was the most rapid in 2013 an increase of 1,120% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Italy ($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 Egypt (+90.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Kuwait

In 2022, supplies from abroad of pulley tackle and hoists, non-powered by electric motor was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 112%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric pulley tackle imports expanded modestly to $X in 2022. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 85%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of non-electric pulley tackle imports to Kuwait, together comprising 61% of total imports. Saudi Arabia, the Netherlands, Japan, Portugal and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +66.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric pulley tackle suppliers to Kuwait were the Netherlands ($X), France ($X) and the United Arab Emirates ($X), with a combined 59% share of total imports. China, Portugal, Japan, Saudi Arabia and the UK lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Portugal, with a CAGR of +80.2%, 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

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, dropping by -5.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

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 ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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