Kuwait: Metal Hammer Market 2024

Metal Hammer Market Size in Kuwait

The Kuwaiti metal hammer market fell to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Metal Hammer Production in Kuwait

In value terms, metal hammer production expanded slightly to $X in 2022 estimated in export price. In general, production posted a buoyant increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Metal Hammer Exports

Exports from Kuwait

In 2022, approx. X tons of hammers and sledge hammers with working part of metal were exported from Kuwait; picking up by X% on 2021. Overall, exports saw prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal hammer exports soared to $X in 2022. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal hammer exports from Kuwait, accounting for a X% share of total exports. Moreover, metal hammer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for hammers and sledge hammers with working part of metal exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Germany (X% per year).

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Gabon ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Germany ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Hammer Imports

Imports into Kuwait

For the third consecutive year, Kuwait recorded decline in purchases abroad of hammers and sledge hammers with working part of metal, which decreased by X% to X tons in 2022. In general, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal hammer imports reached $X in 2022. Overall, imports saw a pronounced decrease. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal hammer to Kuwait, with a X% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold. Egypt (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Kuwait, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2013 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average metal hammer import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price posted a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :