Price for Electric Motors; of an Output Not Exceeding 37.5W in Kuwait - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Kuwait (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Kuwait (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Kuwait
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Kuwait
Price for Electric Motors; of an Output Not Exceeding 37.5W in Kuwait (CIF) - 2022
In 2022, the average import price for electric motors amounted to $48 per unit, increasing by 1.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,017 per unit), while the price for Thailand ($8.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Kuwait (FOB) - 2022
The average export price for electric motors stood at $47 per unit in 2022, declining by -56.1% against the previous year. In general, the export price, however, posted a perceptible increase. The pace of growth was the most pronounced in 2013 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs at $150 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($82 per unit), while the average price for exports to Spain ($9 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 Saudi Arabia (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Kuwait
In 2022, imports of electric motors into Kuwait shrank to 66K units, waning by -6.3% on the year before. Over the period under review, imports recorded a deep slump. Imports peaked at 92K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electric motors declined slightly to $3.1M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 233 | 341 | 238 | 548 | 33.0% |
| China | 319 | 591 | 454 | 461 | 13.1% |
| Mexico | 266 | 458 | 779 | 435 | 17.8% |
| United States | 453 | 406 | 232 | 273 | -15.5% |
| India | 599 | 470 | 505 | 265 | -23.8% |
| Tunisia | 5.9 | 8.1 | 33.5 | 193 | 219.8% |
| Switzerland | 255 | 254 | 113 | 185 | -10.1% |
| Italy | 139 | 193 | 377 | 111 | -7.2% |
| Turkey | 11.5 | 3.1 | 14.4 | 77.4 | 88.8% |
| Czech Republic | 63.4 | 100 | 63.1 | 28.5 | -23.4% |
| South Korea | 104 | 95.7 | 11.7 | 11.2 | -52.4% |
| Estonia | 4.8 | 4.2 | 4.8 | 4.6 | -1.4% |
| Thailand | 24.5 | 61.1 | 31.4 | 0.4 | -74.6% |
| Others | 527 | 585 | 427 | 541 | 0.9% |
| Total | 3,004 | 3,570 | 3,285 | 3,135 | 1.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Kuwait in 2022:
- China (25.7K units)
- Italy (6.5K units)
- Mexico (6.4K units)
- India (5.1K units)
- Tunisia (3.6K units)
- Turkey (3.5K units)
- Germany (3.4K units)
- United States (2.8K units)
- Switzerland (1.7K units)
- Estonia (1.3K units)
- Czech Republic (0.2K units)
- South Korea (0.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Kuwait
In 2022, the amount of electric motors exported from Kuwait dropped dramatically to 478 units, which is down by -37.5% on 2021 figures. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports of attained the maximum at 771 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors contracted rapidly to $23K in 2022. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 3.2% against the previous year. Over the period under review, the exports of attained the peak figure at $86K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 35.2 | 37.9 | 42.1 | 13.7 | -27.0% |
| United States | 32.0 | 27.0 | 23.5 | 6.0 | -42.8% |
| Pakistan | 3.7 | 3.9 | 4.3 | 1.4 | -27.7% |
| United Arab Emirates | 2.7 | 2.6 | 1.8 | 0.3 | -51.9% |
| Qatar | 1.1 | 0.4 | 0.7 | 0.2 | -43.3% |
| Saudi Arabia | 3.4 | 2.3 | 1.2 | 0.1 | -69.1% |
| Oman | 1.7 | 0.8 | N/A | N/A | -52.9% |
| Others | 6.6 | 4.8 | 8.7 | 0.9 | -48.5% |
| Total | 86.5 | 79.8 | 82.3 | 22.6 | -36.1% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Kuwait in 2022:
- United Kingdom (303.0 units)
- United States (102.0 units)
- Pakistan (31.0 units)
- Qatar (11.0 units)
- United Arab Emirates (6.0 units)
- Saudi Arabia (1.0 units)
- Oman (1.0 units)
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