Kuwait - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Kuwait - 2021
Contents:
- Interchangeable Spanner Socket Price in Kuwait (CIF) - 2022
- Interchangeable Spanner Socket Price in Kuwait (FOB) - 2022
- Interchangeable Spanner Socket Imports in Kuwait
- Interchangeable Spanner Socket Exports in Kuwait
Interchangeable Spanner Socket Price in Kuwait (CIF) - 2022
In 2022, the average interchangeable spanner socket import price amounted to $10,553 per ton, picking up by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. As a result, import price reached the peak level of $11,735 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($48,380 per ton), while the price for China ($6,468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Interchangeable Spanner Socket Price in Kuwait (FOB) - 2022
The average interchangeable spanner socket export price stood at $13,414 per ton in 2022, picking up by 1.9% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, interchangeable spanner socket export price increased by +16.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 47%. The export price peaked at $20,736 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($33,538 per ton), while the average price for exports to Iraq ($3,571 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 Saudi Arabia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Imports in Kuwait
In 2022, the amount of interchangeable spanner sockets imported into Kuwait fell to 79 tons, which is down by -6.7% against 2021. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.
In value terms, interchangeable spanner socket imports contracted modestly to $834K in 2022. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 9.4%.
Import of Interchangeable Spanner Socket in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 319 | 77.4 | 202 | 322 | 0.3% |
Taiwan (Chinese) | 133 | 123 | 115 | 122 | -2.8% |
Germany | 223 | 81.7 | 40.2 | 81.5 | -28.5% |
United Arab Emirates | 163 | 86.3 | 65.9 | 70.3 | -24.4% |
Japan | 88.7 | 55.5 | 60.9 | 49.9 | -17.4% |
United States | 146 | 107 | 134 | 42.9 | -33.5% |
United Kingdom | 90.8 | 75.1 | 16.3 | 32.1 | -29.3% |
India | 13.1 | 12.4 | 61.0 | 11.5 | -4.2% |
Others | 111 | 178 | 176 | 101 | -3.1% |
Total | 1,288 | 797 | 871 | 834 | -13.5% |
Top Suppliers of Interchangeable Spanner Socket to Kuwait in 2022:
- China (49.9 tons)
- United Arab Emirates (9.6 tons)
- Taiwan (Chinese) (8.8 tons)
- United States (2.1 tons)
- Germany (1.7 tons)
- Japan (1.3 tons)
- India (1.3 tons)
- United Kingdom (1.0 tons)
Interchangeable Spanner Socket Exports in Kuwait
In 2022, exports of interchangeable spanner sockets from Kuwait contracted markedly to 3.3 tons, which is down by -39.1% compared with the year before. In general, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 348%.
In value terms, interchangeable spanner socket exports declined remarkably to $44K in 2022. Over the period under review, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 316%.
Export of Interchangeable Spanner Socket in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 161 | 14.2 | 38.8 | 25.0 | -46.3% |
Qatar | 0.5 | 0.4 | 9.5 | 6.1 | 130.2% |
United Arab Emirates | 3.2 | 1.4 | 8.7 | 5.6 | 20.5% |
Oman | 2.2 | 0.3 | 1.8 | 1.1 | -20.6% |
Iraq | 0.2 | N/A | 0.3 | 0.2 | 0.0% |
Lebanon | 17.6 | N/A | N/A | N/A | 0% |
Others | 8.7 | 1.0 | 12.8 | 6.4 | -9.7% |
Total | 193 | 17.2 | 71.7 | 44.5 | -38.7% |
Top Export Markets for Interchangeable Spanner Socket from Kuwait in 2022:
- Saudi Arabia (1801.0 kg)
- United Arab Emirates (901.0 kg)
- Oman (213.0 kg)
- Qatar (182.0 kg)
- Iraq (56.0 kg)
This report provides an in-depth analysis of the interchangeable spanner socket market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733037 - Interchangeable spanner sockets
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the interchangeable spanner socket market in Kuwait.
This report provides an in-depth analysis of the hand tools market in Kuwait.
This report provides an in-depth analysis of the manifold business form market in Kuwait.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global manifold business form market.
This report provides an in-depth analysis of the interchangeable spanner socket market in Kuwait.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
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