In 2021, after three years of decline, there was significant growth in the Kuwaiti market for pulley tackle and hoists powered by an electric motor, when its value increased by X% to $X. Overall, consumption posted resilient growth. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.
In 2021, Kuwait's exports of electric pulley blocks and cranes soared to X units, an increase of X% year-on-year. Overall, exports have grown substantially. The highest growth rate was recorded in 2014, with an increase of X%. As a result, exports peak at X units. From 2015 to 2021, China's export growth rate will remain at a low level.
In terms of value, 2021 exports of electric pulley blocks and cranes soared to X dollars. Overall, exports have grown substantially. 2014 saw the fastest growth with an increase of X%. As a result, exports peaked at $X. From 2015 to 2021, China's export growth rate will remain at a low level.
Arab Saudi (X units), South Korea (X units) and Jerman (X units) are the main export destinations of Kuwait's motor-driven pulley blocks and cranes, together accounting for X% of total exports.
From 2012 to 2021, the largest growth will be in Germany (+X% CAGR), while the other leaders will see smaller shipment growth.
In value terms, Germany ($X), South Korea ($X), Saudi Arabia ($X.) appear to be the largest markets in the world for electric motor driven pulley blocks and cranes exported from Kuwait, together accounting for X% of total exports. Just major In terms of destination countries, Germany recorded the highest export value growth rate with a CAGR of +X% during the reporting period, while other countries experienced relatively modest export growth rates.
In 2021, the number of electric pulley blocks and cranes imported by Kuwait soared to X units, an increase of X% year-on-year. Imports continued to show strong growth during the reporting period. 2016 saw the fastest growth with an increase of X%. Imports peaked in 2021 and may gradually increase in the short term.
In terms of value, 2021 imports of electric pulley blocks and cranes surged to $X. Overall, imports continued to show strong growth. Growth appears to be fastest in 2016, with imports up by X%. In 2017, imports peaked at $X; however, from 2018-2021, imports remain at low levels.
In 2021, South Korea (X units) is the largest supplier of motor-driven pulley blocks and cranes to Kuwait, accounting for X% of total imports. In addition, the number of pulley blocks and electric hoists imported from South Korea exceeded that of the second largest supplier India (X Taiwan) by more than ten times.
From 2012 to 2021, the average annual growth rate of transaction volume from South Korea will reach +X%. The average annual growth rates of imports for the remaining suppliers are as follows: India (+X% per annum) and Jepang (+X% per annum).
In value terms, South Korea ($X) is the largest supplier of pulley blocks and electric hoists to Kuwait, accounting for X% of total imports. In second place is India ($X), accounting for X% of total imports.
From 2012 to 2021, the average annual growth rate of Korean value reaches +X%. The average annual growth rates of imports for the remaining suppliers are as follows: India (+X% per annum) and Japan (-X% per annum).
In value terms, South Korea constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Kuwait, comprising 47% of total imports. The second position in the ranking was held by India, with a 2.4% share of total imports.
In value terms, Germany, South Korea and Saudi Arabia appeared to be the largest markets for pulley tackle and hoists powered by an electric motor exported from Kuwait worldwide, together accounting for 18% of total exports.
The average export price for pulley tackle and hoists powered by an electric motor stood at $511 per unit in 2021, rising by 7.2% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $299 per unit, declining by -2% against the previous year.
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