Kuwait: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Kuwait

The Kuwaiti non-propelled vehicle market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Propelled Vehicle Production in Kuwait

In value terms, non-propelled vehicle production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Non-Propelled Vehicle Exports

Exports from Kuwait

In 2022, after two years of decline, there was significant growth in overseas shipments of vehicles not mechanically propelled, when their volume increased by X% to X units. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle exports skyrocketed to $X in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for non-propelled vehicle exports from Kuwait, accounting for a X% share of total exports. Moreover, non-propelled vehicle exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by Turkey (X units), with a X% share.

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

It was followed by Turkey, with a X% share.

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

Export Prices by Country

In 2022, the average non-propelled vehicle export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Iraq ($X per unit), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports into Kuwait

In 2022, purchases abroad of vehicles not mechanically propelled increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest non-propelled vehicle supplier to Kuwait, accounting for a X% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of vehicles not mechanically propelled to Kuwait, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The average non-propelled vehicle import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($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 a decline.

Source: IndexBox Platform

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