Kuwait: Pump For Liquid Market 2024

Pump For Liquid Market Size in Kuwait

In 2021, the Kuwaiti pump for liquid market decreased by -5.5% to $X, falling for the fourth consecutive year after three years of growth. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.8% against 2017 indices. Pump for liquid consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Pump For Liquid Exports

Exports from Kuwait

In 2021, shipments abroad of pumps for liquids and liquid elevators decreased by -62.7% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 432% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, pump for liquid exports reduced to $X in 2021. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 210%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), the UK (X units) and the United Arab Emirates (X units) were the main destinations of pump for liquid exports from Kuwait, together accounting for 50% of total exports. Belgium, Jordan, Germany, Qatar, Hong Kong SAR, Iraq and the United States lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of +104.0%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Kuwait, comprising 21% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.3% share of total exports. It was followed by Qatar, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+30.3% per year) and Qatar (+25.8% per year).

Export Prices by Country

In 2021, the average pump for liquid export price amounted to $X per unit, with an increase of 130% against the previous year. Overall, the export price recorded significant growth. As a result, the export price attained the peak level 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 the United States ($X per unit), while the average price for exports to Germany ($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 Iraq (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Kuwait

In 2021, the amount of pumps for liquids and liquid elevators imported into Kuwait declined notably to X units, dropping by -16% against the previous year's figure. In general, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Imports peaked at X units in 2020, and then contracted notably in the following year.

In value terms, pump for liquid imports soared to $X in 2021. Overall, imports saw a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of 116%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and Japan (X units) were the main suppliers of pump for liquid imports to Kuwait, with a combined 52% share of total imports. Germany, Mexico, Italy, Hungary, Argentina, the United States, Saudi Arabia, Oman, South Korea and India lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +73.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United Arab Emirates ($X) and Italy ($X) constituted the largest pump for liquid suppliers to Kuwait, with a combined 36% share of total imports.

Argentina, with a CAGR of +74.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, growing by 39% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The growth pace was the most rapid in 2016 when the average import price increased by 55%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained 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 Argentina ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform