Kuwait: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Kuwait

The Kuwaiti machine-tool for drilling market surged to $X in 2022, rising by X% against the previous year. Overall, consumption saw a measured expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Machine-Tool For Drilling Production in Kuwait

In value terms, machine-tool for drilling production expanded slightly to $X in 2022 estimated in export price. Overall, production posted a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Kuwait

Machine-tool for drilling exports from Kuwait declined markedly to X units in 2022, waning by X% against the previous year. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, machine-tool for drilling exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Portugal (X units), Italy (X units) and Qatar (X units) were the main destinations of machine-tool for drilling exports from Kuwait, together accounting for X% 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 Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Portugal ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Kuwait

Machine-tool for drilling imports into Kuwait surged to X units in 2022, with an increase of X% compared with the previous year's figure. In general, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for drilling imports amounted to $X in 2022. Overall, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and the United Arab Emirates (X units) were the main suppliers of machine-tool for drilling imports to Kuwait, together accounting for X% of total imports. Japan, Italy and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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