Kuwait: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Kuwait

After two years of growth, the Kuwaiti market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA decreased by -13.1% to $X in 2022. Overall, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Kuwait

After two years of decline, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 121% to X units in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,841% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 14,777%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Egypt (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Kuwait, together comprising 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +43.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Kuwait were Oman ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 64% of total exports. Egypt, Iraq and the Netherlands lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Egypt, with a CAGR of +94.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, increasing by 4.1% against the previous year. Overall, the export price showed resilient growth. The pace of growth was the most pronounced in 2013 an increase of 972% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Kuwait

In 2022, after two years of growth, there was decline in purchases abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when their volume decreased by -2% to X units. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 97%. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 223%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output over X kVA but under X kVA to Kuwait, with a 78% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, Lebanon (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+17.7% per year) and India (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Kuwait, comprising 41% of total imports. The second position in the ranking was taken by Lebanon ($X), with a 16% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+26.3% per year) and India (+11.6% per year).

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, dropping by -3.1% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 64%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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