Report Update: Apr 12, 2024

Kuwait - Draw-Benches For Bars, Tubes, Profiles, Wire Or The Like - Market Analysis, Forecast, Size, Trends And Insights

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Bar Draw-Bench Price in Kuwait - 2022

Bar Draw-Bench Price in Kuwait (CIF) - 2022

The average bar draw-bench import price stood at $2,914 per unit in 2022, rising by 74% against the previous year. In general, the import price, however, showed a abrupt descent. The import price peaked at $6,183 per unit in 2015; however, from 2016 to 2022, 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 Turkey ($5,700 per unit), while the price for the United States ($100 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+39.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Bar Draw-Bench Price in Kuwait (FOB) - 2022

In 2021, the average bar draw-bench export price amounted to $225 per unit, surging by 15% against the previous year. Overall, the export price, however, faced a sharp descent. The export price peaked at $1,772 per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2014 to 2021, the rate of growth in terms of prices for Qatar amounted to -4.7% per year.

Bar Draw-Bench Imports in Kuwait

In 2022, the amount of draw-benches for bars, tubes, profiles, wire or the like imported into Kuwait shrank to 9 units, waning by -10% compared with 2021. In general, imports continue to indicate a sharp contraction. The smallest decline of -9.1% was in 2021. Over the period under review, imports attained the peak figure at 42 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bar draw-bench imports skyrocketed to $26K in 2022. Over the period under review, imports faced a sharp descent. Imports peaked at $154K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Bar Draw-Bench in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	124	9.9	11.8	17.1	-48.3%
Italy	16.4	13.3	2.9	4.2	-36.5%
India	1.1	0.5	1.4	2.9	38.1%
China	2.5	8.1	0.3	1.0	-26.3%
United Arab Emirates	6.9	2.6	0.1	0.7	-53.4%
Germany	1.6	0.9	0.1	0.2	-50.0%
United States	0.6	0.4	0.1	0.1	-45.0%
Others	0.4	N/A	N/A	N/A	0%
Total	154	35.7	16.8	26.2	-44.6%

Top Suppliers of Bar Draw-Bench to Kuwait in 2022:

Turkey (3.0 units)
Italy (1.0 units)
United Arab Emirates (1.0 units)
India (1.0 units)
United States (1.0 units)
Germany (1.0 units)
China (1.0 units)

Bar Draw-Bench Exports in Kuwait

In 2021, approx. 1 units of draw-benches for bars, tubes, profiles, wire or the like were exported from Kuwait; standing approx. at the previous year. Over the period under review, exports faced a significant decrease. The smallest decline of -66.7% was in 2020. Over the period under review, the exports attained the maximum at 3 units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bar draw-bench exports expanded significantly to $225 in 2021. In general, exports showed a significant decrease. The exports peaked at $1.6K in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Export of Bar Draw-Bench in Kuwait (USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Iraq	N/A	N/A	225	0%
Saudi Arabia	N/A	196	N/A	0%
Qatar	1,646	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	1,646	196	225	-63.0%

Top Export Markets for Bar Draw-Bench from Kuwait in 2022:

Iraq (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bar draw-bench 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 28413410 - Draw-benches for bars, tubes, profiles, wire or the like of metal, sintered metal carbides or cermets

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