Kuwait - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Kuwait - 2021
Contents:
- Road Wheel Price in Kuwait (CIF) - 2021
- Road Wheel Price in Kuwait (FOB) - 2022
- Road Wheel Imports in Kuwait
- Road Wheel Exports in Kuwait
Road Wheel Price in Kuwait (CIF) - 2021
The average road wheel import price stood at $5,514 per ton in December 2021, declining by -57.4% against the previous month. Overall, the import price recorded a deep downturn. The pace of growth was the most pronounced in July 2021 when the average import price increased by 98% m-o-m. As a result, import price reached the peak level of $30,696 per ton. From August 2021 to December 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($28,974 per ton), while the price for China ($2,558 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.9%), while the prices for the other major suppliers experienced a decline.
Road Wheel Price in Kuwait (FOB) - 2022
In 2022, the average road wheel export price amounted to $6,756 per ton, reducing by -3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. As a result, the export price attained the peak level of $7,581 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
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 ($48,689 per ton), while the average price for exports to Ghana ($161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Road Wheel Imports in Kuwait
Road wheel imports into Kuwait declined modestly to 970 tons in 2022, remaining constant against the previous year. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year.
In value terms, road wheel imports shrank to $6.2M in 2022. Overall, imports saw a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports attained the peak of $7M, and then fell in the following year.
| Import of Road Wheel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,186 | 2,233 | 3,259 | 3,280 | 14.5% |
| United States | 688 | 545 | 438 | 823 | 6.2% |
| Germany | 509 | 330 | 369 | 398 | -7.9% |
| Japan | 416 | 150 | 740 | 324 | -8.0% |
| Taiwan (Chinese) | 139 | 94.2 | 176 | 114 | -6.4% |
| Others | 2,489 | 1,981 | 2,040 | 1,239 | -20.7% |
| Total | 6,426 | 5,334 | 7,021 | 6,178 | -1.3% |
Top Suppliers of Road Wheel to Kuwait in 2022:
- China (738.1 tons)
- United States (104.5 tons)
- Japan (27.3 tons)
- Taiwan (Chinese) (21.1 tons)
- Germany (9.0 tons)
Road Wheel Exports in Kuwait
After three years of growth, shipments abroad of road wheels decreased by -37.2% to 22 tons in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 365% against the previous year. As a result, the exports reached the peak of 34 tons, and then fell dramatically in the following year.
In value terms, road wheel exports dropped notably to $146K in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 377% against the previous year. As a result, the exports attained the peak of $241K, and then shrank rapidly in the following year.
| Export of Road Wheel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.8 | 18.4 | 142 | 81.0 | 177.3% |
| Egypt | 0.5 | 0.9 | 19.8 | 6.1 | 130.2% |
| Hong Kong SAR | 6.7 | 0.8 | 1.0 | 5.5 | -6.4% |
| India | 2.8 | 1.8 | 9.1 | 5.2 | 22.9% |
| Iran | 2.8 | 0.7 | 6.4 | 3.7 | 9.7% |
| Japan | 0.9 | 1.3 | 3.1 | 1.8 | 26.0% |
| Ghana | 0.2 | 0.4 | 1.1 | 0.7 | 51.8% |
| Others | 26.7 | 26.1 | 58.4 | 41.6 | 15.9% |
| Total | 44.3 | 50.5 | 241 | 146 | 48.8% |
Top Export Markets for Road Wheel from Kuwait in 2022:
- India (9.6 tons)
- United Arab Emirates (4.8 tons)
- Ghana (4.3 tons)
- Iran (0.4 tons)
- Egypt (0.4 tons)
- Hong Kong SAR (0.4 tons)
- Japan (0.3 tons)
This report provides an in-depth analysis of the road wheel market 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 29323040 - Road wheels and parts and accessories thereof
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
- Find deeper insights into current market developments
- 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
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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