Kuwait: Cutting Blade Market 2024

Cutting Blade Market Size in Kuwait

The Kuwaiti cutting blade market dropped to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cutting Blade Exports

Exports from Kuwait

In 2022, shipments abroad of knives and cutting blades (for machines or for mechanical appliances) increased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cutting blade exports soared to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X kg) was the main destination for cutting blade exports from Kuwait, with a X% share of total exports. Moreover, cutting blade exports to Jordan exceeded the volume sent to the second major destination, Egypt (X kg), threefold. The third position in this ranking was taken by the United Arab Emirates (X kg), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and the United Arab Emirates (X% per year).

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

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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 cutting blade export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Kuwait

In 2022, cutting blade imports into Kuwait shrank to X tons, which is down by X% on the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cutting blade imports fell to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cutting blade to Kuwait, with a X% share of total imports. Moreover, cutting blade imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Germany ($X) constituted the largest cutting blade suppliers to Kuwait, with a combined X% share of total imports. The United States, Taiwan (Chinese), India, the Netherlands, the UK, Italy, Brazil, Japan and Jordan lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw 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

In 2022, the average cutting blade import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cutting blade import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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