Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait - 2022
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait (CIF) - 2022
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait
- Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait (CIF) - 2022
The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $27,267 per ton in 2022, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 an increase of 36%. As a result, import price attained the peak level of $30,824 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($67,050 per ton), while the price for China ($8,579 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait (FOB) - 2022
The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $53,239 per ton in 2022, which is down by -42.1% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. The export price peaked at $110,220 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($148,000 per ton), while the average price for exports to Qatar ($5,667 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 the United Arab Emirates (+17.2%), while the prices for the other major destinations experienced a decline.
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait
In 2022, approx. 5.6 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were imported into Kuwait; reducing by -54.2% compared with 2021 figures. Overall, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 54%.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 declined remarkably to $154K in 2022. Over the period under review, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 94.1 | 23.7 | 41.7 | 60.5 | -13.7% |
| Italy | 59.9 | 15.2 | 9.8 | 19.4 | -31.3% |
| Japan | 29.1 | 15.0 | 25.4 | 19.1 | -13.1% |
| Turkey | 3.4 | 1.3 | 1.6 | 10.7 | 46.5% |
| China | 7.1 | 0.7 | 7.7 | 6.5 | -2.9% |
| United Kingdom | 45.7 | 105 | 53.5 | 5.4 | -50.9% |
| Germany | 47.4 | 3.3 | 98.4 | 3.5 | -58.0% |
| Others | 114 | 29.9 | 41.4 | 28.8 | -36.8% |
| Total | 401 | 195 | 279 | 154 | -27.3% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Kuwait in 2022:
- Turkey (996.0 kg)
- Japan (947.0 kg)
- United Arab Emirates (902.0 kg)
- China (756.0 kg)
- United Kingdom (577.0 kg)
- Italy (379.0 kg)
- Germany (201.0 kg)
Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait
In 2022, the amount of machine-tools; parts and accessories, for the machines of heading no. 8464 exported from Kuwait dropped markedly to 88 kg, which is down by -80.1% on the year before. Overall, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 1,097% against the previous year. As a result, the exports attained the peak of 443 kg, and then dropped significantly in the following year.
In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted rapidly to $4.7K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 966%.
| Export of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 9.4 | 2.6 | 32.6 | 3.8 | -26.1% |
| Italy | 3.0 | 0.6 | 3.8 | 0.4 | -48.9% |
| United Arab Emirates | 5.3 | 0.4 | 2.4 | 0.3 | -61.6% |
| Qatar | 1.7 | 0.1 | 0.8 | 0.1 | -61.1% |
| Austria | 24.8 | N/A | N/A | N/A | 0% |
| Portugal | N/A | N/A | 0.6 | N/A | 0% |
| Others | 0.4 | 0.1 | 0.5 | 0.1 | -37.0% |
| Total | 44.5 | 3.8 | 40.7 | 4.7 | -52.7% |
Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Kuwait in 2022:
- Oman (51.0 kg)
- Qatar (24.0 kg)
- United Arab Emirates (8.0 kg)
- Italy (3.0 kg)
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