Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait - 2022

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $1,193 per unit, growing by 132% against the previous year. In general, the import price showed a noticeable expansion. Over the period under review, average import prices reached the maximum at $1,810 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Greece ($10,944 per unit), while the price for Bahrain ($80 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+43.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $6,288 per unit, increasing by 33% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 190%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($16,578 per unit), while the average price for exports to Lebanon ($248 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 Qatar (+229.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait

In 2022, purchases abroad of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses decreased by -25.3% to 518 units, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 7% against the previous year. As a result, imports reached the peak of 885 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses soared to $618K in 2022. Over the period under review, imports showed a abrupt decline. Imports peaked at $924K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Kuwait in 2022:

1. China (217.0 units)
2. Bahrain (126.0 units)
3. Italy (68.0 units)
4. South Korea (20.0 units)
5. Mexico (19.0 units)
6. Spain (19.0 units)
7. India (12.0 units)
8. United Arab Emirates (9.0 units)
9. Greece (9.0 units)
10. United States (4.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kuwait

In 2022, the amount of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses exported from Kuwait declined significantly to 11 units, with a decrease of -54.2% compared with the previous year's figure. Over the period under review, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. The exports peaked at 38 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses contracted sharply to $69K in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 532% against the previous year. As a result, the exports reached the peak of $114K, and then reduced markedly in the following year.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Kuwait in 2022:

1. Bahrain (4.0 units)
2. United Arab Emirates (2.0 units)
3. Saudi Arabia (1.0 units)
4. Egypt (1.0 units)
5. Lebanon (1.0 units)
6. Qatar (1.0 units)
7. Iraq (1.0 units)

Source: IndexBox Market Intelligence Platform