Report Update Nov 1, 2024

Kuwait - Tamping or Compacting Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Tamping Machinery Market 2024

Tamping Machinery Market Size in Kuwait

The Kuwaiti tamping machinery market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tamping Machinery Production in Kuwait

In value terms, tamping machinery production dropped slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 545%. Tamping machinery production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tamping Machinery Exports

Exports from Kuwait

In 2021, overseas shipments of tamping or compacting machinery decreased by -95.5% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 883% against the previous year. The exports peaked at X units in 2020, and then plummeted in the following year.

In value terms, tamping machinery exports fell remarkably to $X in 2021. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,354% against the previous year. The exports peaked at $X in 2020, and then fell notably in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for tamping machinery exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +29.2%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for tamping or compacting machinery exports from Kuwait, comprising 88% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +53.0%.

Export Prices by Country

In 2021, the average tamping machinery export price amounted to $X per unit, surging by 193% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+84.2%).

Tamping Machinery Imports

Imports into Kuwait

In 2021, purchases abroad of tamping or compacting machinery decreased by -50% to X units, falling for the third year in a row after two years of growth. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 881% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, tamping machinery imports dropped markedly to $X in 2021. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 673%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and India (X units) were the main suppliers of tamping machinery imports to Kuwait, with a combined 56% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +37.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the United States ($X) constituted the largest tamping machinery suppliers to Kuwait, with a combined 29% share of total imports.

Germany, with a CAGR of +9.6%, saw the highest growth rate of the value of imports, among 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 tamping machinery import price stood at $X per unit in 2021, increasing by 54% against the previous year. Over the period under review, the import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 88% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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 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 France (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tamping or compacting machinery in the world?

South Africa remains the largest tamping machinery consuming country worldwide, accounting for 37% of total volume. Moreover, tamping machinery consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 9.7% share.

What are the largest producers of tamping or compacting machinery in the world?

China constituted the country with the largest volume of tamping machinery production, accounting for 52% of total volume. Moreover, tamping machinery production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by India, with a 9.6% share.

What are the leading suppliers of tamping or compacting machinery to Kuwait?

In value terms, India constituted the largest supplier of tamping machinery to Kuwait, comprising 30% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 5.3% share of total imports.

What are the leading importers of tamping or compacting machinery from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for tamping machinery exports from Kuwait.

What is the average export price for tamping or compacting machinery in Kuwait?

In 2021, the average tamping machinery export price amounted to $1,481 per unit, which is down by -18.8% against the previous year.

What is the average import price for tamping or compacting machinery in Kuwait?

The average tamping machinery import price stood at $803 per unit in 2021, waning by -31.9% against the previous year.

This report provides an in-depth analysis of the tamping machinery market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28923050 - (Towed and hand-held compaction equipment) Tamping or compacting machinery (excluding self-propelled)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023