Kuwait: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Kuwait

The Kuwaiti metal sawing machine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a abrupt setback. Metal sawing machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Metal Sawing Machine Exports

Exports from Kuwait

In 2021, overseas shipments of sawing or cutting-off machines for working metal decreased by -80% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 200% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal sawing machine exports dropped significantly to $X in 2021. Overall, exports saw a significant curtailment. The pace of growth was the most pronounced in 2016 with an increase of 244% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X units) and Thailand (X units) were the main destinations of metal sawing machine exports from Kuwait.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of 0.0%).

In value terms, the largest markets for metal sawing machine exported from Kuwait were Saudi Arabia ($X), the United Arab Emirates ($X) and Thailand ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +19.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average metal sawing machine export price amounted to $X per unit, waning by -87.9% against the previous year. Overall, the export price showed a sharp slump. The growth pace was the most rapid in 2017 when the average export price increased by 35%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Sri Lanka ($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 Saudi Arabia (+62.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into Kuwait

In 2021, supplies from abroad of sawing or cutting-off machines for working metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 149%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, metal sawing machine imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal sawing machine supplier to Kuwait, with a 45% share of total imports. Moreover, metal sawing machine 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 South Korea (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.3% per year) and South Korea (+22.3% per year).

In value terms, the United Arab Emirates ($X), the United States ($X) and China ($X) were the largest metal sawing machine suppliers to Kuwait, with a combined 49% share of total imports. These countries were followed by Germany, Taiwan (Chinese), South Korea, Japan, Singapore and Italy, which together accounted for a further 24%.

Among the main suppliers, South Korea, with a CAGR of +27.6%, saw the highest growth rate of 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

The average metal sawing machine import price stood at $X per unit in 2021, falling by -26.6% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 113% against the previous year. The import price peaked at $X per unit in 2020, and then dropped sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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