Kuwait: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Kuwait

After three years of decline, the Kuwaiti self-propelled non-electric fork-lift truck market increased by X% to $X in 2022. Overall, consumption recorded a pronounced expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Kuwait

In value terms, self-propelled non-electric fork-lift truck production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed significant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Kuwait

After four years of growth, shipments abroad of self-propelled fork-lift trucks with non-electric motor decreased by X% to X units in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, self-propelled non-electric fork-lift truck exports shrank markedly to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Qatar (X units) were the main destinations of self-propelled non-electric fork-lift truck 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 the United Arab Emirates (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Kuwait worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X.3%, 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 a decline.

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, recorded moderate growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Lebanon ($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 the United Arab Emirates (X.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Kuwait

In 2022, self-propelled non-electric fork-lift truck imports into Kuwait declined slightly to X units, with a decrease of X% on the previous year's figure. In general, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck imports surged to $X in 2022. Over the period under review, imports, however, saw modest growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and France (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Kuwait, with a combined X% share of total imports.

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

In value terms, Japan ($X), China ($X) and France ($X) constituted the largest self-propelled non-electric fork-lift truck suppliers to Kuwait, with a combined X% share of total imports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, import price indicated a prominent increase from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average 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 Sweden ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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