Price for Tugs and Pusher Craft in Kuwait - 2021

Contents:

1. Price for Tugs and Pusher Craft in Kuwait (FOB) - 2022
2. Price for Tugs and Pusher Craft in Kuwait (CIF) - 2022
3. Exports of Tugs and Pusher Craft in Kuwait
4. Imports of Tugs and Pusher Craft in Kuwait

Price for Tugs and Pusher Craft in Kuwait (FOB) - 2022

The average tugs and pusher craft export price stood at $309,751 per unit in 2022, with an increase of 11% against the previous year. In general, the export price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 88%. As a result, the export price attained the peak level of $876,810 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

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 Saudi Arabia ($556,700 per unit), while the average price for exports to the United Arab Emirates totaled $62,802 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+23.5%).

Price for Tugs and Pusher Craft in Kuwait (CIF) - 2022

The average tugs and pusher craft import price stood at $13,039,578 per unit in 2022, falling by -52.2% against the previous year. Overall, the import price, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14,222%. Over the period under review, average import prices reached the maximum at $34,341,046 per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 ($12,626,982 per unit), while the price for the United Arab Emirates amounted to $1,208,939 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+760.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tugs and Pusher Craft in Kuwait

Tugs and pusher craft exports from Kuwait surged to 2 units in 2022, growing by 100% against 2021 figures. Overall, exports, however, faced a abrupt slump. Over the period under review, the exports reached the peak figure at 5 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, tugs and pusher craft exports skyrocketed to $620K in 2022. In general, exports, however, faced a precipitous contraction. The exports peaked at $1.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Tugs and Pusher Craft from Kuwait in 2022:

1. United Arab Emirates (1.0 units)
2. Saudi Arabia (1.0 units)

Imports of Tugs and Pusher Craft in Kuwait

In 2022, tugs and pusher craft imports into Kuwait amounted to 2 units, flattening at the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tugs and pusher craft imports fell remarkably to $28M in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 14,888% against the previous year. As a result, imports attained the peak of $55M, and then contracted significantly in the following year.

Top Suppliers of Tugs and Pusher Craft to Kuwait in 2022:

1. United Arab Emirates (1.0 units)
2. Saudi Arabia (1.0 units)

Source: IndexBox Market Intelligence Platform