Speed Changer Price in Kuwait - 2021
Contents:
- Speed Changer Price in Kuwait (CIF) - 2022
- Speed Changer Price in Kuwait (FOB) - 2022
- Speed Changer Imports in Kuwait
- Speed Changer Exports in Kuwait
Speed Changer Price in Kuwait (CIF) - 2022
In 2022, the average speed changer import price amounted to $17,415 per ton, reducing by -12.2% against the previous year. Overall, the import price recorded a noticeable setback. The growth pace was the most rapid in 2019 when the average import price increased by 20% against the previous year. The import price peaked at $27,448 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($65,557 per ton), while the price for China ($6,529 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Kuwait (FOB) - 2022
The average speed changer export price stood at $17,984 per ton in 2022, which is down by -3.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 96% against the previous year. Over the period under review, the average export prices hit record highs at $42,142 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($119,458 per ton), while the average price for exports to Belgium ($6,038 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 Austria (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Kuwait
Speed changer imports into Kuwait was estimated at 724 tons in 2022, remaining constant against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, speed changer imports declined to $13M in 2022. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year.
| Import of Speed Changer in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.1 | 0.7 | 2.4 | 2.2 | 26.0% |
| Germany | 2.7 | 1.4 | 3.4 | 1.5 | -17.8% |
| United States | 3.1 | 2.5 | 1.7 | 1.4 | -23.3% |
| China | 1.5 | 0.9 | 1.1 | 1.4 | -2.3% |
| Japan | 1.9 | 1.2 | 1.7 | 1.3 | -11.9% |
| United Kingdom | 1.2 | 0.5 | 0.7 | 0.8 | -12.6% |
| Austria | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| South Korea | 0.7 | 0.4 | 0.1 | 0.4 | -17.0% |
| Italy | 0.6 | 0.6 | 0.4 | 0.3 | -20.6% |
| Turkey | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 2.6 | 2.3 | 2.2 | 2.6 | 0.0% |
| Total | 16.0 | 10.9 | 14.3 | 12.6 | -7.7% |
Top Suppliers of Speed Changer to Kuwait in 2022:
- India (268.6 tons)
- China (216.2 tons)
- United States (47.7 tons)
- South Korea (23.8 tons)
- Germany (22.4 tons)
- United Kingdom (22.2 tons)
- Japan (20.6 tons)
- Italy (15.1 tons)
- Austria (13.4 tons)
- Turkey (6.3 tons)
Speed Changer Exports in Kuwait
Speed changer exports from Kuwait soared to 7.5 tons in 2022, with an increase of 50% on the previous year's figure. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 438%. As a result, the exports attained the peak of 19 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, speed changer exports surged to $135K in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 256% against the previous year. As a result, the exports reached the peak of $177K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Speed Changer in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.6 | 5.1 | 16.6 | 29.7 | 6.5% |
| Saudi Arabia | 11.7 | 54.0 | 10.2 | 28.4 | 34.4% |
| United Arab Emirates | 3.8 | 25.4 | 13.3 | 22.4 | 80.6% |
| Iraq | 0.4 | 26.0 | 12.4 | 13.1 | 219.9% |
| Hong Kong SAR | 0.3 | 12.9 | 6.1 | 7.7 | 195.0% |
| Austria | 0.6 | 10.0 | 5.8 | 7.2 | 128.9% |
| Oman | 0.2 | 2.1 | 2.6 | 2.8 | 141.0% |
| Others | 8.0 | 41.2 | 27.1 | 24.1 | 44.4% |
| Total | 49.6 | 177 | 94.0 | 135 | 39.6% |
Top Export Markets for Speed Changer from Kuwait in 2022:
- Saudi Arabia (2075.0 kg)
- Iraq (1826.0 kg)
- Germany (1426.0 kg)
- United Arab Emirates (719.0 kg)
- Oman (291.0 kg)
- Austria (266.0 kg)
- Hong Kong SAR (187.0 kg)
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