Kuwait: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Kuwait

The Kuwaiti injection-moulding machine market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a significant expansion. Injection-moulding machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Injection-Moulding Machine Production in Kuwait

In value terms, injection-moulding machine production soared to $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Injection-Moulding Machine Exports

Exports from Kuwait

After two years of growth, overseas shipments of injection-moulding machines for working rubber or plastics decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, injection-moulding machine exports reduced dramatically to $X in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for injection-moulding machine exports from Kuwait, with a X% share of total exports. Moreover, injection-moulding machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), threefold.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%.

In value terms, the largest markets for injection-moulding machine exported from Kuwait were the United Arab Emirates ($X) and Qatar ($X).

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average injection-moulding machine export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a resilient expansion. The export price peaked at $X per unit in 2018; however, from 2019 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 Qatar ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Injection-Moulding Machine Imports

Imports into Kuwait

In 2022, injection-moulding machine imports into Kuwait reduced remarkably to X units, falling by X% on the previous year's figure. Overall, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, injection-moulding machine imports declined sharply to $X in 2022. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the main supplier of injection-moulding machine to Kuwait, accounting for a X% share of total imports. Moreover, injection-moulding machine imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Austria (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Kuwait, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average injection-moulding machine import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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