Kuwait - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Driving and Non-Driving Axle in Kuwait - 2021
Contents:
- Price for Driving and Non-Driving Axle in Kuwait (CIF) - 2021
- Price for Driving and Non-Driving Axle in Kuwait (FOB) - 2022
- Imports of Driving and Non-Driving Axle in Kuwait
- Exports of Driving and Non-Driving Axle in Kuwait
Price for Driving and Non-Driving Axle in Kuwait (CIF) - 2021
In December 2021, the average driving and non-driving axle import price amounted to $22,475 per ton, increasing by 11% against the previous month. In general, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in June 2021 an increase of 31% month-to-month. Over the period under review, average import prices hit record highs at $70,817 per ton in August 2021; however, from September 2021 to December 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($59,803 per ton), while the price for South Korea ($3,752 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Driving and Non-Driving Axle in Kuwait (FOB) - 2022
In 2022, the average driving and non-driving axle export price amounted to $8,715 per ton, with an increase of 2.5% against the previous year. Over the period under review, the export price saw pronounced growth. The pace of growth appeared the most rapid in 2020 an increase of 218%. As a result, the export price attained the peak level of $9,394 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($20,410 per ton), while the average price for exports to Egypt totaled $8,471 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Driving and Non-Driving Axle in Kuwait
In 2022, the amount of drive-axles with differential and non-driving axles imported into Kuwait declined to 354 tons, with a decrease of -13.8% against the year before. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 39%.
In value terms, driving and non-driving axle imports reduced notably to $4.2M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 70%. As a result, imports attained the peak of $5.3M, and then contracted markedly in the following year.
Import of Driving and Non-Driving Axle in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1,413 | 1,244 | 1,854 | 1,806 | 8.5% |
United States | 486 | 159 | 395 | 602 | 7.4% |
Germany | 374 | 267 | 342 | 355 | -1.7% |
China | 280 | 130 | 267 | 198 | -10.9% |
Italy | 116 | 60.9 | 136 | 134 | 4.9% |
Turkey | 179 | 165 | 108 | 79.1 | -23.8% |
South Africa | N/A | N/A | N/A | 76.7 | 0% |
United Arab Emirates | 649 | 388 | 615 | N/A | -2.7% |
Others | 802 | 710 | 1,588 | 964 | 6.3% |
Total | 4,298 | 3,125 | 5,304 | 4,214 | -0.7% |
Top Suppliers of Driving and Non-Driving Axle to Kuwait in 2022:
- Japan (152.6 tons)
- United States (69.8 tons)
- China (37.2 tons)
- Turkey (27.2 tons)
- Italy (11.8 tons)
- Germany (8.1 tons)
- South Africa (4.8 tons)
Exports of Driving and Non-Driving Axle in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of drive-axles with differential and non-driving axles, when their volume decreased by -40.6% to 78 tons. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 406% against the previous year. As a result, the exports attained the peak of 131 tons, and then declined notably in the following year.
In value terms, driving and non-driving axle exports fell dramatically to $679K in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 358%. As a result, the exports reached the peak of $1.1M, and then declined markedly in the following year.
Export of Driving and Non-Driving Axle in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 55.5 | 176 | 1,003 | 647 | 126.7% |
Hong Kong SAR | 14.6 | 60.4 | 96.6 | 32.2 | 30.2% |
Ghana | 1.9 | N/A | N/A | N/A | 0% |
Others | 1.1 | 7.1 | 14.7 | 0.3 | -35.2% |
Total | 73.1 | 243 | 1,115 | 679 | 110.2% |
Top Export Markets for Driving and Non-Driving Axle from Kuwait in 2022:
- Egypt (76.3 tons)
- Hong Kong SAR (1.6 tons)
This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts
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
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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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