Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait - 2022

Contents:

1. Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait (CIF) - 2022
2. Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait (FOB) - 2022
3. Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait
4. Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait

Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait (CIF) - 2022

In 2022, the average import price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses amounted to $92 per unit, standing approx. at the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $221 per unit in 2012; however, from 2013 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 Saudi Arabia ($200 per unit), while the price for Indonesia ($27 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait (FOB) - 2022

The average export price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses stood at $1,223 per unit in 2022, approximately reflecting the previous year. Overall, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($5,213 per unit), while the average price for exports to Saudi Arabia ($347 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 the United Arab Emirates (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait

In 2022, purchases abroad of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses decreased by -8.3% to 40K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, imports of reached the maximum at 44K units in 2021, and then dropped in the following year.

In value terms, imports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses contracted to $3.7M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Imports peaked at $4M in 2021, and then contracted in the following year.

Top Suppliers of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles to Kuwait in 2022:

1. Mexico (32.3K units)
2. Thailand (4.1K units)
3. Saudi Arabia (3.3K units)
4. Indonesia (0.6K units)

Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Kuwait

In 2022, shipments abroad of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses decreased by -9% to 1.2K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 1.3K units, and then shrank in the following year.

In value terms, exports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses declined to $1.5M in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. The exports peaked at $1.6M in 2021, and then fell in the following year.

Top Export Markets for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles from Kuwait in 2022:

1. Saudi Arabia (969.0 units)
2. United Arab Emirates (165.0 units)
3. Bahrain (55.0 units)

Source: IndexBox Market Intelligence Platform