Cranes; Tower Cranes Price in Kuwait - 2021
Contents:
- Cranes; Tower Cranes Price in Kuwait (CIF) - 2022
- Cranes; Tower Cranes Price in Kuwait (FOB) - 2022
- Cranes; Tower Cranes Imports in Kuwait
- Cranes; Tower Cranes Exports in Kuwait
Cranes; Tower Cranes Price in Kuwait (CIF) - 2022
In 2022, the average cranes; tower cranes import price amounted to $90,562 per unit, growing by 2.8% against the previous year. Overall, the import price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 38%. As a result, import price attained the peak level of $111,220 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($622,338 per unit), while the price for Sweden ($1,963 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranes; Tower Cranes Price in Kuwait (FOB) - 2022
In 2022, the average cranes; tower cranes export price amounted to $23,649 per unit, reducing by -37.1% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2021 when the average export price increased by 158% against the previous year. The export price peaked at $133,590 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($54,844 per unit), while the average price for exports to Iran ($8,222 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 (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.
Cranes; Tower Cranes Imports in Kuwait
Cranes; tower cranes imports into Kuwait fell rapidly to 67 units in 2022, declining by -22.1% compared with 2021. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 110% against the previous year. Imports peaked at 101 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, cranes; tower cranes imports reduced markedly to $6.1M in 2022. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. Over the period under review, imports attained the maximum at $8.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Cranes; Tower Cranes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,571 | 1,139 | 3,030 | 2,480 | -1.2% |
| France | 1,491 | 1,498 | 1,389 | 1,245 | -5.8% |
| Saudi Arabia | 120 | 21.1 | 244 | 383 | 47.2% |
| Japan | 754 | 48.1 | 16.9 | 173 | -38.8% |
| Italy | 710 | 1.5 | 62.7 | 166 | -38.4% |
| United Arab Emirates | 116 | 16.2 | 1,150 | 105 | -3.3% |
| Germany | 127 | 98.3 | 70.0 | 40.7 | -31.6% |
| South Korea | 81.5 | 38.0 | 1.4 | 26.1 | -31.6% |
| India | 25.2 | 20.0 | 14.7 | 10.4 | -25.5% |
| Oman | 370 | N/A | N/A | N/A | 0% |
| Others | 1,750 | 1,680 | 1,597 | 1,439 | -6.3% |
| Total | 8,116 | 4,560 | 7,575 | 6,068 | -9.2% |
Top Suppliers of Cranes; Tower Cranes to Kuwait in 2022:
- China (37.0 units)
- South Korea (5.0 units)
- Saudi Arabia (2.0 units)
- India (2.0 units)
- France (2.0 units)
- Italy (1.0 units)
- United Arab Emirates (1.0 units)
- Japan (1.0 units)
- Germany (1.0 units)
Cranes; Tower Cranes Exports in Kuwait
Cranes; tower cranes exports from Kuwait surged to 247 units in 2022, increasing by 375% against 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at 668 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, cranes; tower cranes exports soared to $5.8M in 2022. In general, exports, however, recorded a precipitous descent. Over the period under review, the exports hit record highs at $17M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Cranes; Tower Cranes in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.7 | 1.6 | 0.2 | 2.1 | -23.6% |
| Qatar | 5.5 | 3.5 | 0.8 | 1.5 | -35.2% |
| Saudi Arabia | 3.5 | 2.3 | 0.5 | 1.0 | -34.1% |
| Egypt | 2.7 | 1.2 | 0.3 | 0.8 | -33.3% |
| Bahrain | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Iran | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Oman | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Sudan | N/A | N/A | N/A | N/A | 0% |
| South Africa | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.8 | 0.5 | 0.1 | 0.1 | -50.0% |
| Total | 17.5 | 9.7 | 2.0 | 5.8 | -30.8% |
Top Export Markets for Cranes; Tower Cranes from Kuwait in 2022:
- United Arab Emirates (77.0 units)
- Qatar (69.0 units)
- Egypt (49.0 units)
- Saudi Arabia (28.0 units)
- Iran (9.0 units)
- Bahrain (4.0 units)
- Oman (4.0 units)
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