Kuwait: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Kuwait

In 2022, the Kuwaiti fuel or lubricating pump market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Kuwait

In value terms, fuel or lubricating pump production contracted rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Kuwait

In 2022, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from Kuwait; growing by X% on the previous year's figure. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports surged to $X in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for fuel or lubricating pump exports from Kuwait, accounting for a X% share of total exports. It was followed by Saudi Arabia (X units), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Iraq (X% per year).

In value terms, Belgium ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2022, the average fuel or lubricating pump export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 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 Iraq ($X per unit), while the average price for exports to Saudi Arabia ($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 Iraq (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Kuwait

In 2022, fuel or lubricating pump imports into Kuwait shrank sharply to X units, waning by X% compared with the previous year. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, fuel or lubricating pump imports surged to $X in 2022. Over the period under review, imports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and the United States (X units) were the main suppliers of fuel or lubricating pump imports to Kuwait, together comprising X% of total imports. Mexico, France, Thailand, Indonesia, the UK, Germany, Italy, India, the Czech Republic and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Japan ($X) were the largest fuel or lubricating pump suppliers to Kuwait, with a combined X% share of total imports.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to 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 fuel or lubricating pump import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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