Report Update: May 1, 2024

Kuwait - Self-Propelled Trucks Fitted With Lifting Or Handling Equipment, Non-Powered By An Electric Motor - Market Analysis, Forecast, Size, Trends And Insights

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Price for Self-Propelled Non-Electric Fork-Lift Truck in Kuwait - 2021

Price for Self-Propelled Non-Electric Fork-Lift Truck in Kuwait (CIF) - 2022

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $31,741 per unit, surging by 14% against the previous year. Overall, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 an increase of 28%. Over the period under review, average import prices attained the peak figure at $45,525 per unit in 2012; however, from 2013 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 the UK ($56,334 per unit), while the price for Saudi Arabia ($2,934 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Self-Propelled Non-Electric Fork-Lift Truck in Kuwait (FOB) - 2022

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $10,077 per unit, with a decrease of -14.2% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 an increase of 1,470% against the previous year. Over the period under review, the average export prices reached the maximum at $17,852 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($155,798 per unit), while the average price for exports to Sudan totaled $146 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+85.0%).

Imports of Self-Propelled Non-Electric Fork-Lift Truck in Kuwait

In 2022, self-propelled non-electric fork-lift truck imports into Kuwait declined to 289 units, with a decrease of -7.7% compared with 2021 figures. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 7.6% against the previous year. Over the period under review, imports reached the maximum at 522 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck imports stood at $9.2M in 2022. Over the period under review, imports showed a dramatic contraction. Over the period under review, imports attained the peak figure at $19M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Self-Propelled Non-Electric Fork-Lift Truck in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	3,504	2,001	2,077	2,427	-11.5%
China	6,836	2,814	2,528	1,484	-39.9%
United States	2,643	500	647	865	-31.1%
United Arab Emirates	1,033	618	719	696	-12.3%
United Kingdom	312	87.5	481	676	29.4%
France	929	1,172	360	369	-26.5%
Bahrain	1,151	67.1	1.3	248	-40.0%
Germany	313	395	0.2	184	-16.2%
Italy	358	124	197	175	-21.2%
South Korea	203	434	247	152	-9.2%
Belgium	222	125	151	133	-15.7%
Saudi Arabia	108	52.6	32.3	46.9	-24.3%
Others	1,808	1,262	1,252	1,717	-1.7%
Total	19,420	9,654	8,693	9,173	-22.1%

Top Suppliers of Self-Propelled Non-Electric Fork-Lift Truck to Kuwait in 2022:

China (97.0 units)
Japan (73.0 units)
United Arab Emirates (20.0 units)
United States (18.0 units)
Saudi Arabia (16.0 units)
United Kingdom (12.0 units)
Germany (8.0 units)
France (7.0 units)
Italy (5.0 units)
Belgium (5.0 units)
South Korea (5.0 units)
Bahrain (4.0 units)

Exports of Self-Propelled Non-Electric Fork-Lift Truck in Kuwait

In 2022, the amount of self-propelled fork-lift trucks with non-electric motor exported from Kuwait fell dramatically to 244 units, dropping by -40% compared with 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1,213% against the previous year. As a result, the exports reached the peak of 407 units, and then dropped remarkably in the following year.

In value terms, self-propelled non-electric fork-lift truck exports reduced sharply to $2.5M in 2022. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3,360% against the previous year. As a result, the exports attained the peak of $4.8M, and then declined dramatically in the following year.

Export of Self-Propelled Non-Electric Fork-Lift Truck in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	2,240	33.6	2,675	1,001	-23.5%
Oman	45.4	5.8	245	623	139.4%
Sudan	54.4	2.7	65.7	33.0	-15.3%
Others	1,166	96.1	1,794	801	-11.8%
Total	3,506	138	4,780	2,459	-11.2%

Top Export Markets for Self-Propelled Non-Electric Fork-Lift Truck from Kuwait in 2022:

Sudan (227.0 units)
Oman (4.0 units)
United Arab Emirates (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for self-propelled non-electric fork-lift truck 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 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor

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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023