Kuwait: Straight Saw Blade Market 2024

Straight Saw Blade Market Size in Kuwait

In 2022, the Kuwaiti straight saw blade market was finally on the rise to reach $X after two years of decline. Overall, 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 decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Straight Saw Blade Exports

Exports from Kuwait

After four years of decline, shipments abroad of straight saw blades for working metal decreased by X% to X kg in 2022. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X kg. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, straight saw blade exports rose remarkably to $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for straight saw blade exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for straight saw blades for working metal exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled X%.

Export Prices by Country

In 2022, the average straight saw blade export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price enjoyed slight growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Straight Saw Blade Imports

Imports into Kuwait

In 2022, purchases abroad of straight saw blades for working metal was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a buoyant increase 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. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, straight saw blade imports soared to $X in 2022. In general, total imports indicated strong growth 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest straight saw blade supplier to Kuwait, accounting for a X% share of total imports. Moreover, straight saw blade imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The United Arab Emirates (X kg) ranked third in terms of total imports with an X% share.

From 2012 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: the UK (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), the UK ($X) and the United Arab Emirates ($X) were the largest straight saw blade suppliers to Kuwait, together comprising X% of total imports. Sweden, Turkey, Belgium, Switzerland, the United States, France and Italy lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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 straight saw blade import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 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 the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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