Kuwait - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in Kuwait - 2021
Contents:
- Passenger Car Tyre Price in Kuwait (CIF) - 2021
- Passenger Car Tyre Price in Kuwait (FOB) - 2021
- Passenger Car Tyre Imports in Kuwait
- Passenger Car Tyre Exports in Kuwait
Passenger Car Tyre Price in Kuwait (CIF) - 2021
In December 2021, the average passenger car tyre import price amounted to $50.0 per unit, which is down by -4.3% against the previous month. Over the period under review, the import price showed a slight downturn. The growth pace was the most rapid in June 2021 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $64.6 per unit. From July 2021 to December 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($78.2 per unit), while the price for China ($37.0 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Tyre Price in Kuwait (FOB) - 2021
The average passenger car tyre export price stood at $58.2 per unit in December 2021, increasing by 271% against the previous month. Overall, the export price saw prominent growth. The growth pace was the most rapid in April 2021 an increase of 497% against the previous month. As a result, the export price reached the peak level of $148 per unit. From May 2021 to December 2021, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In December 2021, the country with the highest price was Egypt ($63.6 per unit), while the average price for exports to Australia amounted to $56.9 per unit.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Imports in Kuwait
In 2022, approx. 2.1M units of tyres for motor cars were imported into Kuwait; which is down by -8.9% on the year before. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Imports peaked at 2.4M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, passenger car tyre imports declined to $108M in 2022. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked at $124M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Passenger Car Tyre in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.9 | 40.6 | 41.9 | 39.7 | -3.3% |
| Japan | 29.0 | 20.0 | 24.5 | 18.0 | -14.7% |
| South Korea | 12.8 | 8.0 | 9.7 | 9.4 | -9.8% |
| Thailand | 5.6 | 3.8 | 5.5 | 5.2 | -2.4% |
| United Arab Emirates | 2.5 | 1.6 | 1.5 | 3.6 | 12.9% |
| Others | 30.2 | 20.2 | 38.1 | 31.8 | 1.7% |
| Total | 124 | 94.2 | 121 | 108 | -4.5% |
Top Suppliers of Passenger Car Tyre to Kuwait in 2022:
- China (1087.0K units)
- Japan (275.1K units)
- South Korea (143.0K units)
- Thailand (73.9K units)
- United Arab Emirates (60.4K units)
Passenger Car Tyre Exports in Kuwait
In 2022, approx. 4.3K units of tyres for motor cars were exported from Kuwait; waning by -10.3% against the previous year's figure. In general, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The exports peaked at 17K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, passenger car tyre exports dropped to $362K in 2022. Over the period under review, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, the exports reached the peak figure at $854K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Passenger Car Tyre in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 179 | 96.1 | 20.2 | 69.0 | -27.2% |
| Free Zones | 104 | 42.6 | 81.4 | 61.9 | -15.9% |
| Singapore | 144 | 50.3 | 81.6 | 52.7 | -28.5% |
| Hong Kong SAR | 131 | 16.8 | 27.2 | 32.1 | -37.4% |
| Australia | 26.9 | 5.2 | 36.3 | 25.1 | -2.3% |
| Afghanistan | 30.5 | 13.1 | 26.1 | 20.7 | -12.1% |
| Netherlands | 68.4 | 25.9 | 22.7 | 15.2 | -39.4% |
| Ireland | 20.2 | 6.9 | 10.1 | 8.0 | -26.6% |
| Benin | 1.9 | 4.5 | 7.8 | 5.4 | 41.6% |
| Belgium | 4.4 | 0.6 | 3.0 | 2.1 | -21.9% |
| Tunisia | N/A | 10.7 | N/A | N/A | 0% |
| Libya | N/A | N/A | 11.5 | N/A | 0% |
| Others | 144 | 38.8 | 84.2 | 69.6 | -21.5% |
| Total | 854 | 311 | 412 | 362 | -24.9% |
Top Export Markets for Passenger Car Tyre from Kuwait in 2022:
- Qatar (845.0 units)
- Benin (588.0 units)
- Australia (551.0 units)
- Free Zones (336.0 units)
- Singapore (302.0 units)
- Hong Kong SAR (226.0 units)
- Netherlands (208.0 units)
- Belgium (183.0 units)
- Afghanistan (148.0 units)
- Ireland (69.0 units)
This report provides an in-depth analysis of the passenger car tyre 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
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
-
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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2017
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
