
Kuwait - Side Cars for Motorcycles & Cycles With Auxiliary Motors - Market Analysis, Forecast, Size, Trends and Insights
Kuwait: Market for Cycles with Auxiliary Motors and Side Cars 2022
Market Size for Cycles with Auxiliary Motors and Side Cars in Kuwait
In 2021, the Kuwaiti market for cycles with auxiliary motors and side cars increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate significant growth. Consumption of peaked in 2021 and is likely to see gradual growth in the immediate term.
Exports of Cycles with Auxiliary Motors and Side Cars
Exports from Kuwait
In 2021, after four years of decline, there was significant growth in shipments abroad of cycles with auxiliary motors and side cars, when their volume increased by X% to X units. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
In value terms, exports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.
Exports by Country
Saudi Arabia (X units), the United Arab Emirates (X units) and the Netherlands (X units) were the main destinations of exports of cycles with auxiliary motors and side cars from Kuwait, together comprising X% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($X) remains the key foreign market for cycle with auxiliary motor and side car exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.
From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and the Netherlands (+X% per year).
Export Prices by Country
The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, increasing by X% against the previous year. In general, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.
Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles with Auxiliary Motors and Side Cars
Imports into Kuwait
In 2021, imports of cycles with auxiliary motors and side cars into Kuwait surged to X units, increasing by X% against 2020 figures. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.
In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the immediate term.
Imports by Country
China (X units), Saudi Arabia (X units) and Mexico (X units) were the main suppliers of imports of cycles with auxiliary motors and side cars to Kuwait, together comprising X% of total imports. Hong Kong SAR and Japan lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X) constituted the largest supplier of cycle with auxiliary motor and side car to Kuwait, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.
From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Hong Kong SAR (+X% per year).
Import Prices by Country
The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, waning by -X% against the previous year. Overall, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for cycle with auxiliary motor and side car in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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