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Kuwait - Goods Vehicles, With Spark-Ignition Internal Combustion Piston Engine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum-Engine Cargo Trucks Price in Kuwait - 2021
Contents:
- Petroleum-Engine Cargo Trucks Price in Kuwait (CIF) - 2021
- Petroleum-Engine Cargo Trucks Price in Kuwait (FOB) - 2021
- Petroleum-Engine Cargo Trucks Imports in Kuwait
- Petroleum-Engine Cargo Trucks Exports in Kuwait
Petroleum-Engine Cargo Trucks Price in Kuwait (CIF) - 2021
In December 2021, the average petroleum-engine cargo trucks import price amounted to $28,190 per unit, with an increase of 10% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2021 an increase of 16% month-to-month. As a result, import price attained the peak level of $32,907 per unit; afterwards, it flattened through to December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($37,615 per unit), while the price for India ($13,578 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum-Engine Cargo Trucks Price in Kuwait (FOB) - 2021
In December 2021, the average petroleum-engine cargo trucks export price amounted to $24,444 per unit, surging by 8.8% against the previous month. Over the period under review, export price indicated a perceptible increase from January 2021 to December 2021: its price increased at an average monthly rate of +2.7% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, petroleum-engine cargo trucks export price increased by +93.2% against July 2021 indices. The most prominent rate of growth was recorded in March 2021 an increase of 57% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2021.
There were significant differences in the average prices for the major foreign markets. In December 2021, the country with the highest price was Sudan ($27,358 per unit), while the average price for exports to Yemen ($7,103 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum-Engine Cargo Trucks Imports in Kuwait
Petroleum-engine cargo trucks imports into Kuwait rose sharply to 10K units in 2022, picking up by 11% against 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum-engine cargo trucks imports expanded slightly to $232M in 2022. In general, imports, however, showed a abrupt decline. Imports peaked at $290M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Petroleum-Engine Cargo Trucks in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 123 | 109 | 78.5 | 106 | -4.8% |
Thailand | 78.1 | 80.5 | 48.4 | 58.8 | -9.0% |
Japan | 37.2 | 30.5 | 33.8 | 26.5 | -10.7% |
China | 4.1 | 5.5 | 7.6 | 8.8 | 29.0% |
Morocco | 1.7 | 2.2 | 5.0 | 5.6 | 48.8% |
Mexico | 29.4 | 42.5 | 30.1 | 5.2 | -43.9% |
Germany | 3.7 | 0.7 | 2.9 | 3.3 | -3.7% |
Others | 13.0 | 17.2 | 18.9 | 17.2 | 9.8% |
Total | 290 | 288 | 225 | 232 | -7.2% |
Top Suppliers of Petroleum-Engine Cargo Trucks to Kuwait in 2022:
- United States (4.8K units)
- Thailand (2.4K units)
- Japan (1.2K units)
- China (0.4K units)
- Morocco (0.3K units)
- Mexico (0.2K units)
- Germany (0.2K units)
Petroleum-Engine Cargo Trucks Exports in Kuwait
In 2022, the amount of goods vehicles, with spark-ignition internal combustion piston engine exported from Kuwait soared to 5.1K units, increasing by 61% against the previous year. Overall, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.8% against 2020 indices. The exports peaked at 5.7K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, petroleum-engine cargo trucks exports skyrocketed to $138M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Petroleum-Engine Cargo Trucks in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iraq | 82.0 | 74.9 | 25.0 | 90.6 | 3.4% |
United Arab Emirates | 1.6 | 10.5 | 15.7 | 15.8 | 114.5% |
Saudi Arabia | 3.7 | 9.6 | 6.5 | 7.8 | 28.2% |
Jordan | 6.0 | 6.5 | 2.0 | 7.0 | 5.3% |
Free Zones | 0.8 | 2.0 | 2.2 | 2.6 | 48.1% |
Sudan | 0.7 | 1.9 | 2.5 | 2.5 | 52.9% |
Yemen | 0.4 | 2.9 | 2.5 | 2.5 | 84.2% |
Oman | 0.4 | 0.1 | 1.8 | 1.8 | 65.1% |
Iran | 0.5 | 2.4 | 1.5 | 1.0 | 26.0% |
Others | 2.0 | 5.8 | 5.7 | 6.2 | 45.8% |
Total | 97.9 | 117 | 65.2 | 138 | 12.1% |
Top Export Markets for Petroleum-Engine Cargo Trucks from Kuwait in 2022:
- Iraq (2902.0 units)
- United Arab Emirates (562.0 units)
- Saudi Arabia (357.0 units)
- Jordan (333.0 units)
- Yemen (198.0 units)
- Oman (144.0 units)
- Sudan (141.0 units)
- Free Zones (130.0 units)
- Iran (59.0 units)
This report provides an in-depth analysis of the petroleum-engine cargo trucks market 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.
Product coverage:
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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