Kuwait: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in Kuwait

The Kuwaiti self-propelled boring machinery market contracted remarkably to $X in 2022, waning by -29.2% against the previous year. Overall, consumption, however, recorded a buoyant increase. Self-propelled boring machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in Kuwait

In value terms, self-propelled boring machinery production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.6% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 42%. Self-propelled boring machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from Kuwait

In 2022, overseas shipments of self-propelled boring or sinking machinery decreased by -32% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 126% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery exports declined sharply to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 228% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units), Bahrain (X units) and Oman (X units) were the main destinations of self-propelled boring machinery exports from Kuwait, together accounting for 35% 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 +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled boring machinery exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X), together accounting for 85% of total exports. Singapore, Bahrain, Iraq, South Korea, Oman, Germany, Pakistan, India, Australia and Iran lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Germany, with a CAGR of +36.6%, 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 self-propelled boring machinery export price stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2021 an increase of 216%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Iran ($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 Germany (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Kuwait

In 2022, the amount of self-propelled boring or sinking machinery imported into Kuwait declined significantly to X units, which is down by -38.8% on 2021 figures. Overall, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 284%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery imports contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 890%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Romania (X units), China (X units) and Denmark (X units) were the main suppliers of self-propelled boring machinery imports to Kuwait, together accounting for 70% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +40.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Kuwait, comprising 64% of total imports. The second position in the ranking was held by Romania ($X), with an 11% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+62.4% per year) and France (+0.5% per year).

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, falling by -10.1% against the previous year. Overall, the import price, however, recorded a perceptible expansion. The growth pace was the most rapid in 2021 an increase of 165%. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+202.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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