Kuwait - Winches and Capstans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKuwait: Winche And Capstan Market 2024
Winche And Capstan Market Size in Kuwait
In 2021, the Kuwaiti winche and capstan market increased by 51% to $X, rising for the second year in a row after five years of decline. Overall, consumption posted resilient growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.
Winche And Capstan Exports
Exports from Kuwait
In 2021, shipments abroad of winches and capstans increased by 6.5% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 978%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.
In value terms, winche and capstan exports dropped to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,300%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
South Korea (X units) was the main destination for winche and capstan exports from Kuwait, accounting for a 43% share of total exports. Moreover, winche and capstan exports to South Korea exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. Qatar (X units) ranked third in terms of total exports with a 16% share.
From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+26.0% per year) and Qatar (+26.0% per year).
In value terms, Qatar ($X), Switzerland ($X) and Saudi Arabia ($X) constituted the largest markets for winche and capstan exported from Kuwait worldwide, together accounting for 88% of total exports. These countries were followed by the United Arab Emirates, Oman, South Korea and Pakistan, which together accounted for a further 5.8%.
The United Arab Emirates, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average winche and capstan export price amounted to $X per unit, falling by -15.2% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 127%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to South Korea ($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 (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.
Winche And Capstan Imports
Imports into Kuwait
In 2021, overseas purchases of winches and capstans increased by 20% to X units, rising for the second consecutive year after four years of decline. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 188%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
In value terms, winche and capstan imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 422%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Mexico (X units) constituted the largest winche and capstan supplier to Kuwait, accounting for a 22% share of total imports. Moreover, winche and capstan imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Italy (X units) ranked third in terms of total imports with a 9.8% share.
From 2012 to 2021, the average annual growth rate of volume from Mexico totaled +109.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and Italy (+9.1% per year).
In value terms, the largest winche and capstan suppliers to Kuwait were China ($X), Italy ($X) and the United States ($X), together accounting for 18% of total imports. These countries were followed by Japan, Mexico, the United Arab Emirates and Taiwan (Chinese), which together accounted for a further 7%.
Among the main suppliers, Mexico, with a CAGR of +115.6%, saw the highest rates of growth with regard to 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
In 2021, the average winche and capstan import price amounted to $X per unit, surging by 57% against the previous year. Overall, the import price enjoyed strong growth. The pace of growth was the most pronounced in 2014 an increase of 81% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.
Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the winche and capstan 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 28221200 - Winches and capstans (excluding those for raising vehicles)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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