Kuwait - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOutboard Boat Motors Price in Kuwait - 2021
Contents:
- Outboard Boat Motors Price in Kuwait (CIF) - 2022
- Outboard Boat Motors Price in Kuwait (FOB) - 2022
- Outboard Boat Motors Imports in Kuwait
- Outboard Boat Motors Exports in Kuwait
Outboard Boat Motors Price in Kuwait (CIF) - 2022
The average outboard boat motors import price stood at $4,014 per unit in 2022, falling by -7.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 55%. The import price peaked at $5,662 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Belgium ($31,091 per unit), while the price for China ($1,747 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Outboard Boat Motors Price in Kuwait (FOB) - 2022
In 2022, the average outboard boat motors export price amounted to $2,636 per unit, declining by -3.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 47%. The export price peaked at $3,501 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($15,439 per unit), while the average price for exports to Iran ($42 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 Maldives (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Outboard Boat Motors Imports in Kuwait
In 2022, after three years of growth, there was decline in purchases abroad of outboard motors for marine propulsion, when their volume decreased by -4.8% to 1.7K units. Overall, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by 8.2% against the previous year. As a result, imports reached the peak of 1.8K units, and then reduced modestly in the following year.
In value terms, outboard boat motors imports declined to $7M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at $7.9M in 2021, and then fell in the following year.
| Import of Outboard Boat Motors in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.2 | 1.9 | 3.4 | 4.0 | 49.4% |
| United States | 1.7 | 2.9 | 3.2 | 1.9 | 3.8% |
| Belgium | 0.9 | 1.1 | 1.0 | 1.0 | 3.6% |
| China | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.9 | 6.1 | 7.9 | 7.0 | 21.5% |
Top Suppliers of Outboard Boat Motors to Kuwait in 2022:
- Japan (1109.0 units)
- United States (532.0 units)
- Belgium (33.0 units)
- China (32.0 units)
Outboard Boat Motors Exports in Kuwait
In 2022, overseas shipments of outboard motors for marine propulsion were finally on the rise to reach 94 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous setback. The exports peaked at 237 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, outboard boat motors exports surged to $248K in 2022. In general, exports, however, saw a sharp downturn. The exports peaked at $567K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Outboard Boat Motors in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 14.2 | 15.1 | 101 | 104 | 94.2% |
| Qatar | 158 | 60.3 | 14.0 | 44.8 | -34.3% |
| Maldives | 1.9 | 16.1 | 29.9 | 30.9 | 153.4% |
| Oman | 183 | 10.9 | 7.5 | 29.7 | -45.5% |
| Bahrain | 60.9 | 4.3 | 11.3 | 13.1 | -40.1% |
| Iraq | 11.0 | 5.2 | 5.8 | 7.1 | -13.6% |
| Egypt | 6.6 | 1.8 | 1.0 | 5.3 | -7.1% |
| Kenya | N/A | 58.9 | N/A | N/A | 0% |
| Belgium | N/A | 65.8 | N/A | N/A | 0% |
| Others | 131 | 81.7 | 5.5 | 13.3 | -53.3% |
| Total | 567 | 320 | 176 | 248 | -24.1% |
Top Export Markets for Outboard Boat Motors from Kuwait in 2022:
- Oman (49.0 units)
- United Arab Emirates (15.0 units)
- Bahrain (7.0 units)
- Qatar (7.0 units)
- Egypt (6.0 units)
- Iraq (4.0 units)
- Maldives (2.0 units)
This report provides an in-depth analysis of the outboard boat motors 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
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
-
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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