Kuwait - Taps, Cocks, Valves and Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKuwait: Tap And Valve Market 2024
Tap And Valve Market Size in Kuwait
In 2023, the Kuwaiti tap and valve market increased by X% to $X for the first time since 2017, thus ending a five-year declining trend. Over the period under review, consumption, however, showed a deep slump. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.
Tap And Valve Exports
Exports from Kuwait
In 2023, shipments abroad of taps, cocks, valves and similar appliances was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.
In value terms, tap and valve exports contracted to $X in 2023. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.
Exports by Country
The United Arab Emirates (X tons) was the main destination for tap and valve exports from Kuwait, accounting for a X% share of total exports. Moreover, tap and valve exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. India (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and India (X% per year).
In value terms, the United Arab Emirates ($X), China ($X) and Saudi Arabia ($X) were the largest markets for tap and valve exported from Kuwait worldwide, together comprising X% of total exports. The United States, Iran, Iraq, Qatar, India, the UK, Italy, Spain, South Korea and Jordan lagged somewhat behind, together comprising a further X%.
Iraq, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average tap and valve export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then plummeted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.
Tap And Valve Imports
Imports into Kuwait
In 2023, purchases abroad of taps, cocks, valves and similar appliances was finally on the rise to reach X tons for the first time since 2017, thus ending a five-year declining trend. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.
In value terms, tap and valve imports stood at $X in 2023. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) constituted the largest tap and valve supplier to Kuwait, with a X% share of total imports. Moreover, tap and valve imports from China exceeded the figures recorded by the second-largest supplier, Qatar (X tons), eightfold. India (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (X% per year) and India (X% per year).
In value terms, China ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Kuwait, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.
From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Qatar (X% per year).
Import Prices by Country
In 2023, the average tap and valve import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the tap and valve market 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 28121420 - Pneumatic filters, regulators and lubricators
- Prodcom 28121450 - Valves for the control of oleohydraulic power transmission for pipes, boiler shells, tanks, vats and the like
- Prodcom 28121480 - Valves for the control of pneumatic power transmission for pipes, boiler shells, tanks, vats and the like
- Prodcom 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
- Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
- Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like
- Prodcom 28141170 - Valves for pneumatic tyres and inner-tubes
- Prodcom 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like
- Prodcom 28141233 - Mixing valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check valves, s afety/relief valves
- Prodcom 28141235 - Taps, cocks and valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressurereducing/ oleohydraulic transmissions, check, safety, relief and mixing valves
- Prodcom 28141253 - Central heating radiator thermostatic valves
- Prodcom 28141255 - Central heating radiator valves, other
- Prodcom 28141313 - Other process control valves, temperature regulators
- Prodcom 28141315 - Process control valves for pipes, boiler shells, tanks etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check, s afety/relief valves, temp. regulators
- Prodcom 28141333 - Other gate valves, of cast iron
- Prodcom 28141335 - Other gate valves, of steel
- Prodcom 28141337 - Other gate valves, other
- Prodcom 28141353 - Globe valves, of cast iron
- Prodcom 28141355 - Globe valves, of steel
- Prodcom 28141357 - Other globe valves
- Prodcom 28141373 - Ball and plug valves
- Prodcom 28141375 - Butterfly valves
- Prodcom 28141377 - Diaphragm valves
- Prodcom 28141380 - Other appliances
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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