Kuwait - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in Kuwait - 2021
Contents:
- Lift and Hoist Price in Kuwait (CIF) - 2022
- Lift and Hoist Price in Kuwait (FOB) - 2022
- Lift and Hoist Imports in Kuwait
- Lift and Hoist Exports in Kuwait
Lift and Hoist Price in Kuwait (CIF) - 2022
The average lift and hoist import price stood at $16,840 per unit in 2022, picking up by 2.5% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32% against the previous year. The import price peaked at $26,435 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($18,385 per unit) and Slovakia ($16,893 per unit), while the price for Singapore ($15,843 per unit) and Germany ($16,746 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.4%), while the prices for the other major suppliers experienced a decline.
Lift and Hoist Price in Kuwait (FOB) - 2022
The average lift and hoist export price stood at $6,045 per unit in 2022, rising by 53% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 an increase of 101%. Over the period under review, the average export prices hit record highs at $15,534 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($18,791 per unit), while the average price for exports to Bahrain stood at $4,597 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lift and Hoist Imports in Kuwait
Lift and hoist imports into Kuwait declined significantly to 2.9K units in 2022, dropping by -23.5% on 2021. In general, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 88% against the previous year. As a result, imports attained the peak of 3.7K units, and then declined dramatically in the following year.
In value terms, lift and hoist imports dropped sharply to $48M in 2022. Over the period under review, imports showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 76%. As a result, imports attained the peak of $62M, and then dropped remarkably in the following year.
| Import of Lift and Hoist in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.7 | 9.8 | 9.7 | 10.7 | 0.0% |
| Spain | 6.7 | 3.7 | 7.9 | 7.9 | 5.6% |
| France | 1.3 | 2.1 | 7.3 | 2.8 | 29.1% |
| Germany | 4.3 | 3.0 | 2.9 | 2.7 | -14.4% |
| Italy | 2.1 | 0.9 | 2.9 | 1.3 | -14.8% |
| South Korea | N/A | 0.5 | 1.0 | 1.3 | 61.2% |
| Turkey | 0.4 | 1.3 | 1.6 | 1.0 | 35.7% |
| Greece | 0.6 | 0.4 | 0.8 | 1.0 | 18.6% |
| Sweden | 0.7 | 0.4 | 1.0 | 0.7 | 0.0% |
| Slovakia | N/A | N/A | N/A | 0.6 | 0% |
| Japan | 3.8 | 0.6 | N/A | 0.1 | -70.3% |
| Thailand | 2.1 | 0.8 | 0.5 | N/A | -51.2% |
| Others | 18.0 | 11.3 | 25.9 | 18.2 | 0.4% |
| Total | 50.8 | 35.0 | 61.6 | 48.3 | -1.7% |
Top Suppliers of Lift and Hoist to Kuwait in 2022:
- China (637.0 units)
- Spain (468.0 units)
- France (166.0 units)
- Germany (162.0 units)
- Italy (79.0 units)
- South Korea (75.0 units)
- Turkey (61.0 units)
- Greece (61.0 units)
- Sweden (40.0 units)
- Slovakia (37.0 units)
- Japan (3.0 units)
Lift and Hoist Exports in Kuwait
In 2022, lift and hoist exports from Kuwait dropped sharply to 98 units, waning by -16.9% on 2021 figures. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of 118 units, and then fell markedly in the following year.
In value terms, lift and hoist exports surged to $592K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 73%. As a result, the exports attained the peak of $718K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Lift and Hoist in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 325 | 186 | 430 | 405 | 7.6% |
| India | 23.0 | 374 | 30.2 | 188 | 101.4% |
| Others | 66.8 | 159 | 6.8 | N/A | -68.1% |
| Total | 415 | 718 | 467 | 592 | 12.6% |
Top Export Markets for Lift and Hoist from Kuwait in 2022:
- Bahrain (88.0 units)
- India (10.0 units)
This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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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