Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $36,911 per ton, reducing by -5.3% against the previous year. Overall, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 36%. The import price peaked at $38,987 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($264,564 per ton), while the price for the United Arab Emirates ($12,238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $25,474 per ton in 2022, shrinking by -38.3% against the previous year. Over the period under review, the export price, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2018 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $41,310 per ton in 2021, and then fell dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($135,473 per ton), while the average price for exports to Mozambique ($71 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait
Imports of machines and mechanical appliances; parts, of those having individual functionses into Kuwait declined sharply to 528 tons in 2022, waning by -24.3% against the previous year. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 6%.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses declined rapidly to $19M in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 25%.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.4 | 2.2 | 1.5 | 2.8 | -6.3% |
| United States | 6.1 | 5.5 | 7.1 | 2.4 | -26.7% |
| Mexico | 0.2 | 0.3 | 0.8 | 2.3 | 125.7% |
| Singapore | 0.1 | 0.2 | 0.6 | 1.7 | 157.1% |
| Germany | 3.3 | 0.7 | 1.7 | 1.4 | -24.9% |
| United Kingdom | 2.3 | 1.6 | 5.5 | 1.0 | -24.2% |
| Malaysia | 0.5 | 0.8 | 3.1 | 0.9 | 21.6% |
| Austria | 1.0 | 0.7 | 0.6 | 0.9 | -3.5% |
| India | 6.5 | 3.0 | 1.0 | 0.6 | -54.8% |
| China | 0.7 | 1.2 | 1.0 | 0.6 | -5.0% |
| South Korea | 0.1 | 0.5 | 0.2 | 0.5 | 71.0% |
| Canada | 0.6 | 0.3 | 0.1 | 0.2 | -30.7% |
| United Arab Emirates | 0.3 | 0.9 | 0.4 | 0.1 | -30.7% |
| Others | 7.5 | 4.0 | 3.7 | 4.3 | -16.9% |
| Total | 32.7 | 21.8 | 27.2 | 19.5 | -15.8% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Kuwait in 2022:
- Italy (162.4 tons)
- United States (87.1 tons)
- Austria (32.7 tons)
- Singapore (31.4 tons)
- Malaysia (22.1 tons)
- China (22.1 tons)
- Germany (21.3 tons)
- India (21.1 tons)
- United Kingdom (17.7 tons)
- South Korea (15.3 tons)
- Canada (9.1 tons)
- Mexico (8.6 tons)
- United Arab Emirates (4.9 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait
In 2022, overseas shipments of machines and mechanical appliances; parts, of those having individual functionses decreased by -33.7% to 34 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 449%.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses dropped rapidly to $874K in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 710%.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.6 | 152 | 343 | 161 | 545.0% |
| Saudi Arabia | 7.0 | 186 | 534 | 107 | 148.2% |
| Turkey | 0.1 | 0.5 | 6.0 | 93.8 | 878.9% |
| Egypt | 2.2 | 40.2 | 95.7 | 59.6 | 200.3% |
| United Arab Emirates | 60.4 | 110 | 110 | 57.9 | -1.4% |
| Oman | 0.5 | 123 | 45.7 | 20.3 | 243.7% |
| South Korea | 7.6 | 73.8 | 91.8 | 15.6 | 27.1% |
| Norway | 0.5 | 20.5 | 34.9 | 12.3 | 190.8% |
| Qatar | 8.1 | 116 | 18.0 | 7.3 | -3.4% |
| China | 0.5 | 6.5 | 11.4 | 4.1 | 101.7% |
| Italy | N/A | 8.5 | 12.6 | 3.5 | -35.8% |
| United States | 0.4 | 4.5 | 325 | 2.6 | 86.6% |
| Mozambique | N/A | N/A | N/A | 1.4 | 0% |
| Others | 46.3 | 243 | 512 | 328 | 92.1% |
| Total | 134 | 1,085 | 2,140 | 874 | 86.8% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Kuwait in 2022:
- Mozambique (19.6 tons)
- Saudi Arabia (2.6 tons)
- Russia (2.4 tons)
- Turkey (2.0 tons)
- United Arab Emirates (1.8 tons)
- South Korea (1.4 tons)
- Egypt (0.4 tons)
- China (0.4 tons)
- Norway (0.4 tons)
- Italy (0.3 tons)
- Oman (0.2 tons)
- Qatar (0.2 tons)
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