Kuwait: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Kuwait

In 2022, the Kuwaiti special vehicle body market decreased by X% to $X, falling for the third year in a row after three years of growth. In general, consumption faced a precipitous descent. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Special Vehicle Body Production in Kuwait

In value terms, special vehicle body production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed significant growth. Special vehicle body production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Special Vehicle Body Exports

Exports from Kuwait

In 2022, overseas shipments of bodies for special purpose motor vehicles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, special vehicle body exports declined notably to $X in 2022. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X units), Saudi Arabia (X units) and Somalia (X units) were the main destinations of special vehicle body exports from Kuwait, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Iran ($X) and Saudi Arabia ($X) were the largest markets for special vehicle body exported from Kuwait worldwide, with a combined X% share of total exports. The United Arab Emirates, Iraq, Somalia and Benin lagged somewhat behind, together accounting for a further X%.

Somalia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average special vehicle body export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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 Iran ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Special Vehicle Body Imports

Imports into Kuwait

For the third year in a row, Kuwait recorded decline in purchases abroad of bodies for special purpose motor vehicles, which decreased by X% to X units in 2022. In general, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports reduced rapidly to $X in 2022. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest special vehicle body supplier to Kuwait, accounting for a X% share of total imports. Moreover, special vehicle body imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Slovakia (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Slovakia (X% per year).

In value terms, Saudi Arabia ($X), Thailand ($X) and Italy ($X) constituted the largest special vehicle body suppliers to Kuwait, with a combined X% share of total imports. The United States, Turkey, Taiwan (Chinese), the United Arab Emirates, Germany, Spain and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price recorded a remarkable increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 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 Thailand ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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