Kuwait - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in Kuwait - 2021
Contents:
- Bicycle Price in Kuwait (CIF) - 2021
- Bicycle Price in Kuwait (FOB) - 2022
- Bicycle Imports in Kuwait
- Bicycle Exports in Kuwait
Bicycle Price in Kuwait (CIF) - 2021
The average bicycle import price stood at $30.5 per unit in December 2021, reducing by -46.7% against the previous month. In general, the import price recorded a mild slump. The pace of growth appeared the most rapid in November 2021 when the average import price increased by 171% against the previous month. As a result, import price attained the peak level of $57.3 per unit, and then dropped rapidly in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2021 to December 2021, the rate of growth in terms of prices for China amounted to -1.1% per month.
Bicycle Price in Kuwait (FOB) - 2022
The average bicycle export price stood at $38 per unit in 2022, falling by -19.4% against the previous year. Overall, the export price saw a slight shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 60% against the previous year. As a result, the export price reached the peak level of $98 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($309 per unit), while the average price for exports to Iran ($12 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 Bahrain (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Imports in Kuwait
In 2022, purchases abroad of bicycles and other cycles decreased by -10.6% to 236K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 104%. Imports peaked at 264K units in 2021, and then dropped in the following year.
In value terms, bicycle imports dropped to $15M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 129% against the previous year. Over the period under review, imports hit record highs at $17M in 2021, and then fell in the following year.
Import of Bicycle in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.4 | 11.0 | 12.8 | 9.2 | 27.9% |
Mauritius | N/A | N/A | 2.0 | 3.6 | 80.0% |
India | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
Others | 1.1 | 1.5 | 2.3 | 2.1 | 24.1% |
Total | 5.5 | 12.6 | 17.3 | 14.9 | 39.4% |
Top Suppliers of Bicycle to Kuwait in 2022:
- China (197.9K units)
- Mauritius (21.5K units)
- India (5.8K units)
Bicycle Exports in Kuwait
In 2022, overseas shipments of bicycles and other cycles were finally on the rise to reach 362 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a sharp decrease. Over the period under review, the exports attained the peak figure at 2.5K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, bicycle exports soared to $14K in 2022. In general, exports, however, showed a precipitous decline. The exports peaked at $155K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Bicycle in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 53.2 | 11.0 | 3.4 | 5.9 | -52.0% |
Iran | 54.0 | 1.1 | 2.0 | 3.3 | -60.6% |
Saudi Arabia | 9.4 | 0.6 | 0.2 | 0.5 | -62.4% |
Others | 38.7 | 6.7 | 2.3 | 4.0 | -53.1% |
Total | 155 | 19.4 | 7.8 | 13.6 | -55.6% |
Top Export Markets for Bicycle from Kuwait in 2022:
- Iran (277.0 units)
- Qatar (34.0 units)
- Saudi Arabia (25.0 units)
This report provides an in-depth analysis of the bicycle 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 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
- Prodcom 30921030 -
- Prodcom 30921050 -
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
This report provides an in-depth analysis of the bicycle market in Kuwait.
This report provides an in-depth analysis of the global bicycle market.
This report provides an in-depth analysis of the bicycle market in Kuwait.
This report provides an in-depth analysis of the global bicycle market.
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In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>