Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait - 2022
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait (CIF) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait (FOB) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait (CIF) - 2022
The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $3,961 per unit in 2022, growing by 36% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 when the average import price increased by 159% against the previous year. Over the period under review, average import prices attained the peak figure at $6,653 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 India ($37,586 per unit), while the price for Bahrain ($4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+70.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait (FOB) - 2022
In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $276 per unit, standing approx. at the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 190%. The export price peaked at $833 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Russia ($1,888 per unit), while the average price for exports to the United Arab Emirates ($107 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 Oman (+340.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait
In 2022, approx. 61 units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were imported into Kuwait; with a decrease of -71.9% on 2021 figures. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 214% against the previous year. As a result, imports reached the peak of 217 units, and then dropped sharply in the following year.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs contracted rapidly to $242K in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 173%. As a result, imports attained the peak of $630K, and then declined significantly in the following year.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 273 | 188 | 436 | 73.4 | -35.5% |
| India | 7.3 | 0.1 | 1.3 | 37.6 | 72.7% |
| United States | 82.5 | 2.7 | 2.0 | 15.5 | -42.7% |
| Japan | 0.2 | N/A | 0.2 | 6.5 | 219.1% |
| Taiwan (Chinese) | 6.3 | 1.2 | 1.6 | 6.2 | -0.5% |
| Hungary | N/A | N/A | N/A | 4.4 | 0% |
| Australia | 3.7 | 1.6 | 11.5 | 3.0 | -6.8% |
| Italy | 5.7 | 0.4 | 2.1 | 2.2 | -27.2% |
| France | 1.4 | 0.6 | 3.0 | 2.1 | 14.5% |
| Denmark | N/A | N/A | 3.6 | 1.9 | -47.2% |
| Germany | 1.6 | 0.3 | 13.3 | 1.1 | -11.7% |
| Canada | 1.3 | 0.4 | 1.6 | 0.6 | -22.7% |
| Bahrain | N/A | N/A | N/A | N/A | 0% |
| Others | 72.5 | 36.0 | 154 | 87.2 | 6.3% |
| Total | 455 | 231 | 630 | 242 | -19.0% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Kuwait in 2022:
- China (32.0 units)
- Taiwan (Chinese) (3.0 units)
- United States (2.0 units)
- Canada (1.0 units)
- Bahrain (1.0 units)
- Australia (1.0 units)
- Italy (1.0 units)
- Denmark (1.0 units)
- Hungary (1.0 units)
- India (1.0 units)
- France (1.0 units)
- Germany (1.0 units)
- Japan (1.0 units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait
In 2022, overseas shipments of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -38.7% to 73 units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, the exports reached the peak of 147 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs shrank markedly to $20K in 2022. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year. The exports peaked at $60K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 27.9 | N/A | N/A | 5.7 | -41.1% |
| United Arab Emirates | 4.0 | 4.6 | 0.6 | 5.6 | 11.9% |
| Bahrain | 0.1 | 0.7 | 3.7 | 3.1 | 214.1% |
| Iraq | 6.1 | 10.6 | 3.8 | 2.6 | -24.7% |
| Saudi Arabia | 3.4 | 5.3 | 0.1 | 1.3 | -27.4% |
| Oman | N/A | N/A | 0.3 | 1.2 | 300.0% |
| Qatar | 0.1 | 9.3 | 7.3 | 0.7 | 91.3% |
| South Korea | N/A | N/A | 8.5 | N/A | 0% |
| Italy | 2.3 | N/A | N/A | N/A | 0% |
| Others | 15.8 | N/A | 8.2 | N/A | -28.0% |
| Total | 59.6 | 30.4 | 32.4 | 20.2 | -30.3% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Kuwait in 2022:
- United Arab Emirates (52.0 units)
- Saudi Arabia (8.0 units)
- Qatar (4.0 units)
- Russia (3.0 units)
- Bahrain (2.0 units)
- Oman (2.0 units)
- Iraq (2.0 units)
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