Kuwait: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in Kuwait

The Kuwaiti way-type unit head market shrank significantly to $X in 2021, with a decrease of -X% against the previous year. In general, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Way-Type Unit Head Production in Kuwait

In value terms, way-type unit head production contracted rapidly to $X in 2021 estimated in export price. In general, production, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Way-Type Unit Head Exports

Exports from Kuwait

In 2021, way-type unit head exports from Kuwait amounted to X tons, stabilizing at the previous year's figure. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, way-type unit head exports stood at $X in 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for way-type unit head exports from Kuwait, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

In 2021, the average way-type unit head export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price posted a prominent expansion. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to X% per year.

Way-Type Unit Head Imports

Imports into Kuwait

In 2021, overseas purchases of way-type unit heads for working metal increased by X% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, way-type unit head imports declined to $X in 2021. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of way-type unit head to Kuwait, accounting for a X% share of total imports. Moreover, way-type unit head imports from Italy exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold. The third position in this ranking was held by China (X kg), with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and China (+X% per year).

In value terms, the largest way-type unit head suppliers to Kuwait were Italy ($X), France ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

France, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among 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 way-type unit head import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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