Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait (CIF) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $3,308 per unit, rising by 7% against the previous year. Overall, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum at $14,058 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($10,075 per unit), while the price for China ($1,198 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+55.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $694 per unit, shrinking by -75.9% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 82% against the previous year. The export price peaked at $3,888 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($958 per unit), while the average price for exports to Egypt ($208 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+92.9%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait
Imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into Kuwait surged to 7K units in 2022, picking up by 168% against the year before. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $23M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.7 | N/A | 3.7 | 12.1 | 158.6% |
| China | 0.3 | N/A | N/A | 3.6 | 128.9% |
| Russia | 0.1 | 0.3 | 0.1 | 2.6 | 196.2% |
| United States | 2.0 | 2.6 | 1.2 | 1.7 | -5.3% |
| South Korea | 0.7 | 0.2 | N/A | N/A | -71.4% |
| United Arab Emirates | 2.0 | 1.0 | 2.4 | N/A | 9.5% |
| Others | 1.5 | 0.8 | 0.8 | 3.3 | 30.1% |
| Total | 7.4 | 4.9 | 8.1 | 23.3 | 46.6% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Kuwait in 2022:
- Saudi Arabia (3.3K units)
- China (3.0K units)
- Russia (0.3K units)
- United States (0.2K units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait
In 2022, shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs increased by 176% to 566 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a dramatic decrease. Over the period under review, the exports of attained the maximum at 1.3K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs fell significantly to $393K in 2022. In general, exports, however, recorded a sharp descent. The smallest decline of -1.3% was in 2021. The exports peaked at $1.2M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 262 | 0% |
| Iraq | 80.4 | 213 | N/A | 76.0 | -1.9% |
| Egypt | 1.9 | N/A | N/A | 18.7 | 114.3% |
| Oman | N/A | N/A | 59.9 | 18.6 | -68.9% |
| Saudi Arabia | 145 | 79.3 | 19.7 | 14.4 | -53.7% |
| Qatar | 58.6 | 100 | 173 | 3.4 | -61.3% |
| Hong Kong SAR | 0.3 | N/A | N/A | N/A | 0% |
| Russia | 702 | N/A | N/A | N/A | 0% |
| Colombia | 63.5 | N/A | 294 | N/A | 115.2% |
| Sudan | 75.2 | N/A | N/A | N/A | 0% |
| Singapore | 18.5 | N/A | N/A | N/A | 0% |
| Bahrain | N/A | 122 | 7.0 | N/A | -94.3% |
| Others | 13.2 | 84.2 | 37.6 | N/A | 68.8% |
| Total | 1,158 | 599 | 591 | 393 | -30.2% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Kuwait in 2022:
- United Arab Emirates (307.0 units)
- Iraq (131.0 units)
- Egypt (90.0 units)
- Oman (22.0 units)
- Saudi Arabia (15.0 units)
- Qatar (1.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Kuwait.
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