Kuwait: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Kuwait

The Kuwaiti liquid dispensing pump market contracted markedly to $X in 2021, declining by -77.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a slight downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Liquid Dispensing Pump Exports

Exports from Kuwait

In 2021, the amount of pumps for dispensing liquids exported from Kuwait reduced dramatically to X units, with a decrease of -92.8% compared with the year before. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 1,325%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, liquid dispensing pump exports dropped sharply to $X in 2021. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 1,015%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for liquid dispensing pump exports from Kuwait, accounting for a 61% share of total exports. Moreover, liquid dispensing pump exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Bahrain (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+12.1% per year) and Bahrain (-8.3% per year).

In value terms, the United Arab Emirates ($X), Italy ($X) and Saudi Arabia ($X) appeared to be the largest markets for liquid dispensing pump exported from Kuwait worldwide, with a combined 73% share of total exports.

Saudi Arabia, with a CAGR of +30.0%, 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 liquid dispensing pump export price stood at $X per unit in 2021, with a decrease of -25.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 163%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Iraq ($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 Germany (+43.7%), while the prices for the other major destinations experienced a decline.

Liquid Dispensing Pump Imports

Imports into Kuwait

In 2021, imports of pumps for dispensing liquids into Kuwait dropped notably to X units, falling by -74.6% against the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 633%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid dispensing pump imports declined rapidly to $X in 2021. In general, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 402%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Italy (X units) and Germany (X units) were the main suppliers of liquid dispensing pump imports to Kuwait, together comprising 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +57.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of pumps for dispensing liquids to Kuwait, comprising 47% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.3% per year) and Germany (+9.0% per year).

Import Prices by Country

The average liquid dispensing pump import price stood at $X per unit in 2021, falling by -22.4% against the previous year. In general, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 97%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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