Seals; Mechanical Price in Kuwait - 2021

Seals; Mechanical Price in Kuwait (CIF) - 2022

The average seals; mechanical import price stood at $6.2 per unit in 2022, which is down by -17.3% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53%. As a result, import price reached the peak level of $7.5 per unit, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($26 per unit), while the price for China ($1.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Kuwait (FOB) - 2022

The average seals; mechanical export price stood at $2.2 per unit in 2022, growing by 219% against the previous year. Over the period under review, the export price, however, showed a mild setback. Over the period under review, the average export prices reached the peak figure at $3 per unit in 2013; however, from 2014 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 the United Arab Emirates ($12 per unit), while the average price for exports to Saudi Arabia ($0.4 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 Bahrain (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Kuwait

In 2022, supplies from abroad of seals; mechanicals was finally on the rise to reach 2.6M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a deep contraction. Over the period under review, imports hit record highs at 3.9M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, seals; mechanical imports fell to $16M in 2022. In general, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Seals; Mechanical in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	88.5	445	4,345	5,068	285.4%
Japan	2,059	1,572	2,497	2,870	11.7%
Saudi Arabia	3,152	1,504	1,463	1,759	-17.7%
United States	2,632	1,560	1,801	773	-33.5%
India	2,211	364	491	503	-39.0%
Thailand	108	114	342	399	54.6%
Taiwan (Chinese)	77.8	208	319	372	68.5%
Italy	163	431	131	364	30.7%
Vietnam	114	98.1	268	313	40.0%
China	336	567	165	159	-22.1%
Spain	69.0	62.1	86.0	117	19.2%
Poland	27.3	62.8	92.4	108	58.2%
Philippines	36.7	134	41.3	77.9	28.5%
Others	7,946	6,849	5,479	2,864	-28.8%
Total	19,020	13,973	17,522	15,747	-6.1%

Top Suppliers of Seals; Mechanical to Kuwait in 2022:

Saudi Arabia (765.6K units)
Japan (453.2K units)
Czech Republic (192.1K units)
Taiwan (Chinese) (183.4K units)
Thailand (117.2K units)
China (99.8K units)
Italy (94.0K units)
Vietnam (87.2K units)
Spain (67.6K units)
United States (66.1K units)
India (42.9K units)
Philippines (39.4K units)
Poland (39.3K units)

Seals; Mechanical Exports in Kuwait

In 2022, the amount of seals; mechanicals exported from Kuwait skyrocketed to 276K units, jumping by 87% compared with the year before. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports attained the maximum at 600K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, seals; mechanical exports surged to $618K in 2022. Overall, exports, however, faced a abrupt downturn. Over the period under review, the exports reached the peak figure at $1.1M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Export of Seals; Mechanical in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	628	840	32.3	446	-10.8%
Saudi Arabia	34.4	67.9	33.9	69.6	26.5%
United States	138	80.9	0.1	47.2	-30.1%
United Kingdom	67.2	65.9	19.6	26.9	-26.3%
Canada	16.2	19.7	5.8	7.6	-22.3%
Bahrain	5.7	2.5	0.8	2.2	-27.2%
Others	24.6	55.8	11.1	18.4	-9.2%
Total	914	1,132	104	618	-12.2%