From January to October 2021, the bilateral import and export volume of goods between China and Kuwait was US$1,801,049,000, an increase of US$6,364,983,800 compared with the same period in 2020, a year-on-year increase of 55.2%.
From January to October 2021, the total value of China’s exports to Kuwait was US$3,494,061,100, an increase of US$683,958,100 compared with the same period in 2020, a year-on-year increase of 26%; During the same period, it increased by 5,681,024,700 US dollars, a year-on-year increase of 64.4%.
Judging from the data, the economic and trade exchanges between China and Kuwait have maintained a strong growth. Since the Iraq War, Kuwait’s foreign policy has accelerated to transform into domestic economic construction. As a major global manufacturing country, China produces high-quality and inexpensive products, which naturally attracts the attention of Kuwait, and a large number of Kuwaiti businessmen import various commodities from China. Crane products made in China have gradually opened up the Kuwait market. In 2021, Dongqi Crane has reached a total of 7 crane cooperation project orders with Kuwaiti customers, 5 of which are overhead crane orders. In order to better understand the Kuwait market, this article will start with the import and export data of Kuwait overhead cranes and analyze the development and changes of Kuwait’s crane market in 2022
Some Questions About the World Overhead Crane Market
Before we start discussing the aerial crane market in Kuwait, we have a few small questions that need to be answered first. Let’s take a look
- What are the largest markets for overhead travelling cranes on fixed support in the world?
- The countries with the highest volumes of overhead travelling crane consumption in 2020 were China (34K units), the U.S. (18K units) and India (13K units), together comprising 39% of global consumption. Japan, Germany, Russia, Brazil, Denmark, Bangladesh, Canada, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 28%.
- What are the largest producers of overhead travelling cranes on fixed support in the world?
- China (38K units) remains the largest overhead travelling crane producing country worldwide, accounting for 24% of total volume. Moreover, overhead travelling crane production in China exceeded the figures recorded by the second-largest producer, the U.S. (18K units), twofold. The third position in this ranking was occupied by India (14K units), with a 9% share.
- What are the leading suppliers of overhead travelling cranes on fixed support to Kuwait?
- In value terms, Germany ($340K) constituted the largest supplier of overhead travelling crane to Kuwait, comprising 52% of total imports. The second position in the ranking was occupied by Malaysia ($131K), with a 20% share of total imports. It was followed by Spain, with a 12% share.
- What are the leading importers of overhead travelling cranes on fixed support from Kuwait?
- In value terms, the largest markets for overhead travelling crane exported from Kuwait were India ($17K) and Saudi Arabia ($16K).
- What is the average export price for overhead travelling cranes on fixed support in Kuwait?
- In 2020, the average overhead travelling crane export price amounted to $10,947 per unit, growing by 37% against the previous year.
- What is the average import price for overhead travelling cranes on fixed support in Kuwait?
- The average overhead travelling crane import price stood at $59,565 per unit in 2020, picking up by 76% against the previous year.
Kuwait Overhead Crane Market Size
The Kuwait Overhead Crane Market fell -X% to $X in 2020, the third consecutive year of decline after three years of growth. Overall, consumption records have decreased significantly. The most significant growth rate occurred in 2016, when the market capitalization increased by X% year-on-year. Overhead crane consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain momentum.
In value terms, the production of overhead cranes in 2020 is estimated at X USD at export prices. During the period under review, production continued to grow significantly. The growth rate was most pronounced in 2010, when production increased by X% year-on-year. During the period under review, production peaked in 2020 and will likely continue to grow in the near future.
Kuwait overhead crane export market size
In 2020, overseas shipments of fixed-support overhead cranes fell -X% to X units, falling for the second consecutive year after nine consecutive years of growth. Overall, however, exports have seen strong growth. The fastest growth rate in 2012, an increase of X% year-on-year. Exports peaked at X units in 2018; however, from 2019 to 2020, exports failed to regain momentum.
In value terms, 2020 overhead crane exports dropped significantly to $X. However, during the period under review, exports grew significantly. The growth rate was most pronounced in 2012, when exports increased by X% over the previous year. During the period under review, exports hit an all-time high of $X in 2018; however, from 2019 to 2020, exports were slightly lower.
Saudi Arabia (X units) and India (X units) are the main destinations for Kuwait’s overhead crane exports.
From 2007 to 2020, the largest increase was in Saudi Arabia.
In value terms, India ($X) and Saudi Arabia ($X) appear to be the largest markets for Kuwait’s globally exported overhead cranes. In terms of major destination countries, Saudi Arabia experienced the highest growth in export value during the period under review.
Import Scale of Kuwait Overhead Crane Market
Overseas purchases of fixed-support overhead cranes fell -X% to X units in 2020, falling for the third consecutive year after two years of growth. Overall, imports fell sharply. The growth rate was most pronounced in 2016, with a year-on-year increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2020, imports have remained low.
In value terms, bridge crane imports contracted rapidly to $X in 2020. Overall, imports fell sharply. The most significant growth rate occurred in 2016, with a year-on-year increase of X%. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2017 and 2020.
In 2020, Germany (X units) was the largest supplier of overhead cranes in Kuwait, accounting for X% of total imports. In addition, overhead cranes imported from Germany were three times higher than the number recorded by the second largest supplier, India (X units). China (X units) ranked third with X% of total imports. From 2007 to 2020, the average annual growth rate of sales in Germany was -X%. The average annual growth rates of imports from the remaining suppliers are as follows: India (-X% per annum) and China (X% per annum).
Germany ($X) is the largest supplier of overhead cranes to Kuwait by value, representing X% of total imports. In second place is Malaysia ($X) with X% of total imports. It is followed by Spain with an X% share.
From 2007 to 2020, the average annual value growth in Germany totaled -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Malaysia (-X% per annum) and Spain (+X% per annum).
How to customize Overhead Crane from China
We are a crane manufacturer located in China, providing crane customization services to global crane customers. If you want to customize a Overhead Crane, you can leave a message on the website or email, tell us the following information, and our sales manager will contact you:
- Lifting capacity (ton): __ ?( The rated capacity)
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- Span (m): __ ? (Distance between rail center)
- Lifting speed (m/min): __ ? ( Single, Dual, Variable)
- Traveling distance (m): __ ? (The length of the rail)
- Work duty: __ ? (How many hours a day? How many times an hour?)
- What material to be lifted: __ ?
- Industrial voltage: __ ? ( like :380V, 50Hz, 3ph )
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