Kuwait: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Kuwait

In 2022, the Kuwaiti hydraulic jack market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hydraulic Jack Production in Kuwait

In value terms, hydraulic jack production totaled $X in 2022 estimated in export price. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Kuwait

Hydraulic jack exports from Kuwait rose rapidly to X units in 2022, surging by X% compared with the previous year's figure. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic jack exports shrank rapidly to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for hydraulic jack exports from Kuwait, with a X% share of total exports. Moreover, hydraulic jack exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), threefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 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: Oman (X% per year) and Italy (X% per year).

In value terms, Italy ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the largest markets for hydraulic jack exported from Kuwait worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the United Arab Emirates ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Kuwait

In 2022, the amount of hydraulic jacks and hoists for raising vehicles imported into Kuwait skyrocketed to X units, growing by X% on the previous year. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic jack imports surged to $X in 2022. Overall, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic jack to Kuwait, accounting for a X% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the UK (X% per year).

In value terms, China ($X), Turkey ($X) and the UK ($X) were the largest hydraulic jack suppliers to Kuwait, together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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