Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait (CIF) - 2022
In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $3,579 per unit, declining by -2.5% against the previous year. In general, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. The import price peaked at $3,669 per unit in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13,631 per unit), while the price for Bulgaria ($240 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $7,738 per unit in 2022, growing by 8.7% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 166%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,868 per unit), while the average price for exports to Syrian Arab Republic ($191 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 (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait
Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Kuwait expanded remarkably to 1.3K units in 2022, increasing by 13% compared with 2021 figures. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) rose sharply to $4.7M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 665 | 1,675 | 1,254 | 1,552 | 32.6% |
| United States | 879 | 338 | 1,643 | 1,063 | 6.5% |
| Germany | 486 | 159 | 126 | 670 | 11.3% |
| China | 381 | 296 | 249 | 368 | -1.2% |
| Sweden | 8.1 | 120 | 269 | 285 | 227.7% |
| Japan | 590 | 450 | 330 | 149 | -36.8% |
| Qatar | 10.0 | 25.1 | 54.6 | 118 | 127.7% |
| Italy | 237 | 114 | 13.1 | 50.3 | -40.4% |
| Canada | 33.7 | 27.4 | 7.8 | 28.8 | -5.1% |
| Turkey | 3.6 | 3.5 | 1.7 | 15.1 | 61.3% |
| Bulgaria | 5.2 | 6.9 | 5.5 | 7.2 | 11.5% |
| Others | 540 | 403 | 347 | 434 | -7.0% |
| Total | 3,839 | 3,618 | 4,300 | 4,742 | 7.3% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Kuwait in 2022:
- Japan (251.0 units)
- United Kingdom (202.0 units)
- Germany (200.0 units)
- China (182.0 units)
- Qatar (104.0 units)
- United States (78.0 units)
- Canada (51.0 units)
- Italy (49.0 units)
- Sweden (41.0 units)
- Bulgaria (30.0 units)
- Turkey (23.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait
Exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Kuwait soared to 87 units in 2022, jumping by 50% compared with the previous year's figure. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) soared to $673K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 170% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 30.0 | 54.3 | 155 | 523 | 159.3% |
| United Arab Emirates | 26.3 | 71.2 | 210 | 97.8 | 54.9% |
| Saudi Arabia | 16.8 | 6.3 | 16.1 | 15.7 | -2.2% |
| Oman | 2.5 | 0.2 | 2.1 | 6.9 | 40.3% |
| Bahrain | 3.0 | 1.6 | 3.7 | 6.6 | 30.1% |
| Pakistan | 0.4 | 0.3 | 2.5 | 1.3 | 48.1% |
| United States | 27.1 | 0.2 | 0.3 | 0.4 | -75.5% |
| Iraq | 7.1 | 1.1 | 0.8 | 0.2 | -69.6% |
| South Korea | N/A | 1.7 | N/A | N/A | 0% |
| Others | 44.5 | 15.9 | 21.7 | 20.7 | -22.5% |
| Total | 158 | 153 | 413 | 673 | 62.1% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Kuwait in 2022:
- Egypt (54.0 units)
- United Arab Emirates (9.0 units)
- Oman (4.0 units)
- Saudi Arabia (3.0 units)
- Bahrain (2.0 units)
- Pakistan (1.0 units)
- United States (1.0 units)
- Iraq (1.0 units)
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