Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Kuwait - 2022

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait (CIF) - 2022
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait (CIF) - 2022

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $8,909 per unit in 2022, with an increase of 11% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2015 an increase of 132%. The import price peaked at $20,744 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Sweden ($17,085 per unit), while the price for Italy ($1,982 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $807 per unit in 2022, with a decrease of -60.6% against the previous year. Over the period under review, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 106%. As a result, the export price attained the peak level of $5,542 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($2,381 per unit), while the average price for exports to the United Arab Emirates ($758 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 Bahrain (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait

In 2022, purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion was finally on the rise to reach 123 units after two years of decline. Overall, imports, however, showed a drastic downturn. Imports peaked at 196 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion skyrocketed to $1.1M in 2022. In general, imports, however, recorded a perceptible decrease. Over the period under review, imports of attained the maximum at $1.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Kuwait in 2022:

1. Germany (56.0 units)
2. China (32.0 units)
3. Sweden (17.0 units)
4. Italy (7.0 units)
5. Japan (7.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Kuwait

For the fourth year in a row, Kuwait recorded growth in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion, which increased by 17% to 708 units in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 271%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion shrank sharply to $572K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 246% against the previous year. The exports peaked at $1.2M in 2021, and then reduced rapidly in the following year.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Kuwait in 2022:

1. United Arab Emirates (683.0 units)
2. Oman (17.0 units)
3. Bahrain (5.0 units)
4. Saudi Arabia (3.0 units)

Source: IndexBox Market Intelligence Platform