Kuwait - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grease Fittings and Oil Seals in Kuwait - 2021
Contents:
- Price for Grease Fittings and Oil Seals in Kuwait (CIF) - 2022
- Price for Grease Fittings and Oil Seals in Kuwait (FOB) - 2022
- Imports of Grease Fittings and Oil Seals in Kuwait
- Exports of Grease Fittings and Oil Seals in Kuwait
Price for Grease Fittings and Oil Seals in Kuwait (CIF) - 2022
The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $13 per unit in 2022, shrinking by -1.5% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grease fittings and oil seals import price increased by +49.7% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 41%. The import price peaked at $13 per unit in 2021, and then reduced slightly in the following year.
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 Japan ($52 per unit), while the price for China ($3.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grease Fittings and Oil Seals in Kuwait (FOB) - 2022
The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $7.8 per unit in 2022, dropping by -13.6% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 46% against the previous year. Over the period under review, the average export prices reached the maximum at $16 per unit in 2012; however, from 2013 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 Egypt ($18 per unit), while the average price for exports to Italy ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+98.6%), while the prices for the other major destinations experienced a decline.
Imports of Grease Fittings and Oil Seals in Kuwait
In 2022, after two years of decline, there was growth in supplies from abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, when their volume increased by 1.5% to 213K units. In general, imports, however, recorded a dramatic setback. Over the period under review, imports hit record highs at 450K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, grease fittings and oil seals imports shrank modestly to $2.7M in 2022. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 0.1% against the previous year. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Grease Fittings and Oil Seals in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,065 | 667 | 607 | 772 | -10.2% |
United States | 1,243 | 436 | 518 | 359 | -33.9% |
Japan | 72.7 | 50.7 | 99.8 | 277 | 56.2% |
Russia | 165 | 167 | 211 | 176 | 2.2% |
Italy | 382 | 62.0 | 287 | 165 | -24.4% |
Netherlands | 49.9 | 4.7 | 19.8 | 143 | 42.0% |
India | 117 | 152 | 118 | 99.0 | -5.4% |
Taiwan (Chinese) | 203 | 136 | 61.2 | 89.1 | -24.0% |
Saudi Arabia | 63.7 | 94.6 | 99.5 | 69.2 | 2.8% |
Turkey | 34.5 | 11.1 | 18.6 | 59.3 | 19.8% |
United Kingdom | 110 | 86.7 | 73.5 | 54.3 | -21.0% |
China | 151 | 89.2 | 121 | 22.8 | -46.8% |
Spain | 229 | 16.6 | 21.1 | 15.4 | -59.3% |
Others | 560 | 700 | 420 | 374 | -12.6% |
Total | 4,446 | 2,675 | 2,677 | 2,676 | -15.6% |
Top Suppliers of Grease Fittings and Oil Seals to Kuwait in 2022:
- Germany (77.7K units)
- India (30.3K units)
- United States (21.8K units)
- Turkey (14.9K units)
- Taiwan (Chinese) (11.3K units)
- China (7.3K units)
- Saudi Arabia (7.2K units)
- Netherlands (6.9K units)
- Italy (6.2K units)
- Japan (5.3K units)
- Russia (3.7K units)
- United Kingdom (2.5K units)
- Spain (0.7K units)
Exports of Grease Fittings and Oil Seals in Kuwait
In 2022, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exported from Kuwait reduced notably to 24K units, with a decrease of -23.7% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 341%. Over the period under review, the exports reached the peak figure at 33K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, grease fittings and oil seals exports shrank remarkably to $186K in 2022. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 215% against the previous year. The exports peaked at $287K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Grease Fittings and Oil Seals in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 10.4 | 8.4 | 152 | 89.3 | 104.8% |
Egypt | 84.9 | 52.1 | 95.0 | 65.0 | -8.5% |
Italy | N/A | N/A | N/A | 21.8 | 0% |
Saudi Arabia | 20.8 | 12.8 | 6.6 | 4.5 | -40.0% |
Qatar | 16.2 | 6.3 | 1.0 | 2.0 | -50.2% |
Spain | N/A | N/A | 1.1 | N/A | 0% |
Russia | 147 | 2.8 | N/A | N/A | -98.1% |
Others | 7.7 | 6.8 | 25.6 | 3.0 | -27.0% |
Total | 287 | 89.4 | 282 | 186 | -13.5% |
Top Export Markets for Grease Fittings and Oil Seals from Kuwait in 2022:
- Italy (12.3K units)
- United Arab Emirates (6.4K units)
- Egypt (3.7K units)
- Qatar (0.9K units)
- Saudi Arabia (0.2K units)
This report provides an in-depth analysis of the market for grease fittings and oil seals 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 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for machinery
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
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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
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Explore the top import markets for grease fittings and oil seals in 2023, including Germany, the United States, China, and more. Learn about the key factors driving demand in these countries.
Explore the top import markets for grease fittings and oil seals in 2023, including Germany, the United States, China, and more. Learn about the key factors driving demand in these countries.