Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $17,043 per ton, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
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 South Korea ($38,292 per ton), while the price for Saudi Arabia ($6,798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $3,479 per ton in 2022, with an increase of 45% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. Over the period under review, the average export prices attained the maximum at $6,302 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($25,660 per ton), while the average price for exports to the United Arab Emirates ($2,527 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 Netherlands (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait
For the third year in a row, Kuwait recorded decline in overseas purchases of machinery; parts of the machinery of heading no. 8425, which decreased by -9.2% to 197 tons in 2022. Overall, imports recorded a abrupt setback.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 expanded significantly to $3.4M in 2022. In general, imports faced a deep contraction.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 354 | 106 | 278 | 774 | 29.8% |
| Romania | 8.8 | 5.6 | 12.0 | 735 | 337.1% |
| United States | 1,221 | 2,467 | 751 | 564 | -22.7% |
| Italy | 117 | 130 | 329 | 187 | 16.9% |
| Germany | 204 | 148 | 430 | 187 | -2.9% |
| Saudi Arabia | 59.8 | 70.4 | 172 | 145 | 34.3% |
| Belgium | 296 | 132 | 274 | 95.7 | -31.4% |
| Turkey | 35.4 | 40.5 | 13.6 | 63.5 | 21.5% |
| India | 437 | 144 | 45.8 | 61.7 | -47.9% |
| South Korea | 1,348 | 6.2 | 57.5 | 30.6 | -71.7% |
| France | 12.9 | 12.4 | 63.4 | 29.7 | 32.0% |
| United Kingdom | 203 | 128 | 53.3 | 9.6 | -63.8% |
| United Arab Emirates | 4.7 | 277 | 37.5 | 1.7 | -28.8% |
| Others | 608 | 292 | 618 | 482 | -7.4% |
| Total | 4,908 | 3,959 | 3,134 | 3,365 | -11.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Kuwait in 2022:
- China (40.7 tons)
- United States (34.1 tons)
- Romania (28.3 tons)
- Saudi Arabia (21.3 tons)
- Italy (16.9 tons)
- Germany (10.1 tons)
- Turkey (8.8 tons)
- India (6.3 tons)
- Belgium (4.8 tons)
- France (3.2 tons)
- United Kingdom (1.0 tons)
- South Korea (0.8 tons)
- United Arab Emirates (0.2 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait
In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8425 decreased by -2.8% to 147 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $510K in 2022. Overall, exports, however, posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 53.2 | 90.0 | 104 | 250 | 67.5% |
| Bahrain | 2.1 | 14.9 | 73.3 | 124 | 289.4% |
| Saudi Arabia | 10.7 | 10.5 | 13.5 | 53.8 | 71.3% |
| India | 5.5 | 27.4 | 34.9 | 31.9 | 79.7% |
| Qatar | 15.5 | 69.1 | 86.8 | 18.3 | 5.7% |
| Oman | 25.6 | 15.8 | 6.7 | 2.1 | -56.5% |
| Singapore | 14.7 | N/A | N/A | N/A | 0% |
| Others | 99.1 | 66.1 | 41.5 | 29.8 | -33.0% |
| Total | 226 | 294 | 361 | 510 | 31.2% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Kuwait in 2022:
- United Arab Emirates (99.1 tons)
- Bahrain (24.8 tons)
- Saudi Arabia (10.2 tons)
- India (5.8 tons)
- Qatar (4.3 tons)
- Oman (0.5 tons)
373
This report provides an in-depth analysis of the construction equipment blade market in Kuwait.
357
This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Kuwait.
396
This report provides an in-depth analysis of the colloidal precious metals market in Kuwait.
508
This report provides an in-depth analysis of the global construction equipment blade market.
496
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.
540
This report provides an in-depth analysis of the global colloidal precious metals market.
373
This report provides an in-depth analysis of the construction equipment blade market in Kuwait.
357
This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Kuwait.
508
This report provides an in-depth analysis of the global construction equipment blade market.
496
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.
335
Explore the top import markets for colloidal precious metals across the world, including India, Mexico, Germany, and more. Learn about the import values, key statistics, and market trends. Dive into the market intelligence provided by IndexBox for informed decision-making.
1982
In value terms, colloidal precious metals imports stood at $X in 2016. In general, colloidal precious metals imports continue to indicate a pronounced decrease. Over the period under review, global...
1467
In value terms, colloidal precious metals exports amounted to $X in 2016. In general, colloidal precious metals exports continue to indicate a significant slump. Global colloidal precious metals ex...
