Kuwait - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in Kuwait - 2021
Contents:
- Gear Box Price in Kuwait (CIF) - 2021
- Gear Box Price in Kuwait (FOB) - 2022
- Gear Box Imports in Kuwait
- Gear Box Exports in Kuwait
Gear Box Price in Kuwait (CIF) - 2021
In December 2021, the average gear box import price amounted to $7.3 per unit, dropping by -25.4% against the previous month. In general, the import price showed a deep downturn. The growth pace was the most rapid in July 2021 an increase of 33% m-o-m. As a result, import price reached the peak level of $44.9 per unit. From August 2021 to December 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Germany ($16.6 per unit), while the price for Turkey ($2.1 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 Canada (-7.0%), while the prices for the other major suppliers experienced a decline.
Gear Box Price in Kuwait (FOB) - 2022
In 2022, the average gear box export price amounted to $29 per unit, surging by 20% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 94% against the previous year. The export price peaked at $46 per unit in 2015; however, from 2016 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 Hong Kong SAR ($62 per unit), while the average price for exports to Spain ($4.5 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 Iran (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in Kuwait
In 2022, imports of gear boxes into Kuwait reduced to 181K units, dropping by -6.7% against 2021 figures. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure at 226K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, gear box imports contracted to $7.3M in 2022. In general, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 6.7% against the previous year. Over the period under review, imports attained the peak figure at $8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Gear Box in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 853 | 672 | 1,011 | 1,661 | 24.9% |
United States | 1,353 | 1,338 | 723 | 1,003 | -9.5% |
Germany | 317 | 306 | 458 | 888 | 41.0% |
China | 281 | 234 | 379 | 682 | 34.4% |
Italy | 425 | 183 | 370 | 585 | 11.2% |
Turkey | 94.6 | 50.6 | 92.5 | 118 | 7.6% |
South Africa | N/A | N/A | N/A | 105 | 0% |
United Arab Emirates | 3,428 | 3,072 | 3,117 | N/A | -4.6% |
Saudi Arabia | N/A | 33.5 | 56.0 | N/A | 67.2% |
Others | 1,247 | 1,157 | 1,312 | 2,240 | 21.6% |
Total | 7,998 | 7,046 | 7,518 | 7,282 | -3.1% |
Top Suppliers of Gear Box to Kuwait in 2022:
- United States (30.8K units)
- Japan (29.4K units)
- South Africa (21.5K units)
- China (19.5K units)
- Germany (16.1K units)
- Italy (14.0K units)
- Turkey (5.4K units)
Gear Box Exports in Kuwait
In 2022, after two years of decline, there was significant growth in overseas shipments of gear boxes, when their volume increased by 22% to 2K units. Over the period under review, exports, however, continue to indicate a precipitous contraction. Over the period under review, the exports hit record highs at 8.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, gear box exports soared to $58K in 2022. In general, exports, however, saw a significant decrease. Over the period under review, the exports attained the maximum at $175K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Gear Box in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 5.4 | 2.7 | 16.7 | 29.8 | 76.7% |
Hong Kong SAR | 13.0 | 9.0 | N/A | 15.1 | 5.1% |
United States | N/A | N/A | N/A | 5.4 | 0% |
South Africa | N/A | N/A | N/A | 3.0 | 0% |
Germany | 4.3 | N/A | 0.9 | 1.3 | -32.9% |
Spain | N/A | N/A | N/A | 1.1 | 0% |
United Arab Emirates | N/A | 1.6 | 12.5 | N/A | 681.3% |
United Kingdom | 4.0 | N/A | N/A | N/A | 0% |
Lebanon | 4.5 | 0.3 | N/A | N/A | -93.3% |
Oman | 2.5 | N/A | N/A | N/A | 0% |
Italy | 65.8 | 28.7 | 1.9 | N/A | -83.0% |
Others | 75.4 | 34.5 | 8.2 | 2.8 | -66.6% |
Total | 175 | 76.7 | 40.2 | 58.4 | -30.6% |
Top Export Markets for Gear Box from Kuwait in 2022:
- Egypt (782.0 units)
- Hong Kong SAR (243.0 units)
- Spain (238.0 units)
- South Africa (159.0 units)
- United States (143.0 units)
- Germany (97.0 units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts
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
-
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
-
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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