Kuwait: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Kuwait

The Kuwaiti market for pneumatic or hydraulic hand tools dropped to $X in 2021, shrinking by -12.1% against the previous year. Over the period under review, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Kuwait

In value terms, pneumatic or hydraulic hand tool production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 124% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2020, and then fell in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Kuwait

In 2021, the amount of pneumatic or hydraulic hand tools exported from Kuwait contracted rapidly to X tons, dropping by -25% compared with 2020. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 154%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports reduced rapidly to $X in 2021. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 190%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Kuwait, together accounting for 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +90.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Kuwait were Pakistan ($X), the United Arab Emirates ($X) and the Netherlands ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +80.2%, 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 export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, rising by 10% against the previous year. In general, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Kuwait

In 2021, supplies from abroad of pneumatic or hydraulic hand tools decreased by -10.2% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 83% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool imports reached $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Kuwait, with a combined 57% share of total imports. These countries were followed by the United States, Taiwan (Chinese), the UK, Sweden, Qatar, Italy, the United Arab Emirates, Lebanon and Saudi Arabia, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Qatar (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) were the largest pneumatic or hydraulic hand tool suppliers to Kuwait, together comprising 32% of total imports. These countries were followed by Taiwan (Chinese), South Korea, the UK, Italy, the United Arab Emirates, Lebanon, Sweden, Saudi Arabia and Qatar, which together accounted for a further 25%.

Lebanon, with a CAGR of +27.2%, 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

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 the United States ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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