Kuwait - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Agricultural and Forestry Tractor in Kuwait - 2021
Contents:
- Price for Agricultural and Forestry Tractor in Kuwait (CIF) - 2022
- Price for Agricultural and Forestry Tractor in Kuwait (FOB) - 2022
- Imports of Agricultural and Forestry Tractor in Kuwait
- Exports of Agricultural and Forestry Tractor in Kuwait
Price for Agricultural and Forestry Tractor in Kuwait (CIF) - 2022
The average agricultural and forestry tractor import price stood at $20,309 per unit in 2022, falling by -5.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 149% against the previous year. The import price peaked at $54,252 per unit in 2019; however, from 2020 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 the United States ($33,307 per unit), while the price for Pakistan ($3,762 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agricultural and Forestry Tractor in Kuwait (FOB) - 2022
The average agricultural and forestry tractor export price stood at $28,029 per unit in 2022, reducing by -8% against the previous year. Over the period under review, the export price, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2017 an increase of 81%. Over the period under review, the average export prices reached the peak figure at $50,709 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
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 Egypt ($54,654 per unit), while the average price for exports to Saudi Arabia ($12,440 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 Egypt (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agricultural and Forestry Tractor in Kuwait
In 2022, overseas purchases of agricultural and forestry tractors increased by 66% to 158 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, agricultural and forestry tractor imports surged to $3.2M in 2022. Overall, imports, however, saw a sharp curtailment. Over the period under review, imports hit record highs at $6.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Agricultural and Forestry Tractor in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.8 | 282 | 245 | 774 | 181.2% |
| United States | 91.3 | 220 | 270 | 621 | 89.5% |
| Japan | 237 | 136 | 19.1 | 325 | 11.1% |
| Sweden | 39.3 | 23.6 | 101 | 320 | 101.2% |
| Turkey | 126 | 94.5 | 86.2 | 312 | 35.3% |
| South Korea | 74.5 | 50.6 | 52.8 | 140 | 23.4% |
| India | 109 | 31.4 | 45.5 | 119 | 3.0% |
| Thailand | 68.4 | 32.6 | 20.3 | 99.3 | 13.2% |
| Netherlands | 27.6 | 23.4 | 23.1 | 73.4 | 38.5% |
| Saudi Arabia | 76.3 | 17.4 | 1.4 | 70.8 | -2.5% |
| Pakistan | 8.9 | 25.1 | 18.6 | 57.9 | 86.7% |
| Brazil | 7.6 | 4.1 | 1.8 | 42.5 | 77.5% |
| Germany | 4,696 | 1,768 | 1,145 | 2.2 | -92.2% |
| Others | 1,131 | 2,262 | 20.9 | 253 | -39.3% |
| Total | 6,727 | 4,970 | 2,050 | 3,209 | -21.9% |
Top Suppliers of Agricultural and Forestry Tractor to Kuwait in 2022:
- China (32.0 units)
- Turkey (24.0 units)
- United States (19.0 units)
- Pakistan (15.0 units)
- India (14.0 units)
- Sweden (14.0 units)
- Saudi Arabia (13.0 units)
- Japan (11.0 units)
- Netherlands (9.0 units)
- South Korea (7.0 units)
- Thailand (5.0 units)
- Brazil (4.0 units)
Exports of Agricultural and Forestry Tractor in Kuwait
In 2022, exports of agricultural and forestry tractors from Kuwait rose markedly to 518 units, increasing by 9.3% compared with 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 394%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, agricultural and forestry tractor exports stood at $15M in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 218% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Agricultural and Forestry Tractor in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 0.3 | 1.2 | 10.0 | 10.8 | 230.2% |
| Saudi Arabia | 0.1 | 0.4 | 1.3 | 1.4 | 141.0% |
| Iraq | 1.2 | 0.7 | 0.2 | 0.9 | -9.1% |
| Sudan | 0.5 | 0.3 | 0.5 | 0.6 | 6.3% |
| Qatar | N/A | 1.1 | 0.4 | 0.5 | -32.6% |
| Oman | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Jordan | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Belgium | N/A | N/A | 0.8 | N/A | 0% |
| Libya | N/A | N/A | 0.3 | N/A | 0% |
| Chad | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | 0.6 | 0.5 | N/A | 123.6% |
| Total | 2.4 | 4.5 | 14.4 | 14.5 | 82.1% |
Top Export Markets for Agricultural and Forestry Tractor from Kuwait in 2022:
- Egypt (198.0 units)
- Saudi Arabia (114.0 units)
- Sudan (29.0 units)
- Iraq (26.0 units)
- Qatar (17.0 units)
- Oman (8.0 units)
- Jordan (7.0 units)
This report provides an in-depth analysis of the market for agricultural and forestry tractor 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 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
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
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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
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