In 2020, the Kuwait crane market rose by X% to $X for the first time since 2016, ending a three-year downward trend. However, consumption continued to show a relatively flat trend pattern during the period under review. The rate of growth was most pronounced in 2010, when the market value increased by X% year over year. During the period under review, the market peaked at $X in 2016; however, from 2017 to 2020, consumption was at a lower level.
In value terms, 2020 crane production is estimated to contract to $X at export prices. Overall, production showed a relatively stable trend pattern. Crane production peaked at $X in 2019 before declining the following year.
In 2020, overseas shipments of cranes and mobile cranes increased by X% to X units, the third consecutive year of growth after two years of decline. During the period under review, however, there was a marked decline in exports. The growth rate was most pronounced in 2011, when exports increased by X% over the previous year. As a result, exports peaked at X units. Export growth failed to regain momentum between 2012 and 2020.
In value terms, crane exports fell significantly to X dollars in 2020. But overall, exports have grown significantly. The most significant growth rate occurred in 2015, which was an X% increase compared to the previous year. Exports peaked at $X in 2019 before shrinking sharply the following year.
Saudi Arabia (X units), Egypt (X units) and India (X units) were the main destinations for Kuwait’s crane exports, together accounting for X% of total exports. Belgium, Sudan, Argentina, South Africa and Singapore are slightly behind, with a further X additions between 2007 and 2020 combined, with the largest increase being South Africa (+X% per annum), while the other leaders have experienced more modest shipments growth rate.
The largest crane markets by value from Kuwait are Belgium ($X), Saudi Arabia ($X) and Egypt ($X), which together account for X% of total exports. This is followed by Argentina, South Africa, India, Singapore and Sudan, which together account for a further X of the top destination countries, with Sudan having the highest growth in export value during the period under review, while the other leaders have seen a slower growth in shipments. mild.
In 2020, the supply of cranes, mobile cranes from abroad fell by -X% to X units, the fourth consecutive year of decline after three years of growth. Overall, imports face a sharp contraction. 2008 saw the fastest growth, with an X% increase over the previous year. During the period under review, imports peaked at X units in 2016; however, from 2017 to 2020, imports failed to regain momentum.
In value terms, crane imports contracted significantly to $X in 2020. Overall, imports fell sharply. In 2010, the growth rate was the fastest, with an increase of X% year-on-year. Imports peaked at $X in 2016; however, imports declined slightly from 2017 to 2020.
In 2020, Oman (X units) was the main supplier of cranes to Kuwait, accounting for about X% of total imports. From 2007 to 2020, Oman's sales have grown at an average annual rate of -X%.
Oman ($X) is the largest crane supplier to Kuwait by value.
From 2007 to 2020, Oman’s average annual growth in value totaled +X%.
Oman is Kuwait's largest crane supplier by value.
The largest markets for crane exports from Kuwait by value are Belgium, Saudi Arabia and Egypt, which together account for 12% of total exports. Argentina, South Africa, India, Singapore and Sudan are slightly behind, with a combined 5.8%.
The average export price of cranes in 2020 was $13,809 per unit, down -44.3% from the previous year.
The average import price of cranes in 2020 was $26,757 per unit, down -2% from the previous year.
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