Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait (CIF) - 2022
The average import price for electric motors and generators stood at $2,909 per unit in 2022, picking up by 8.4% against the previous year. In general, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when the average import price increased by 114%. The import price peaked at $3,152 per unit in 2020; however, from 2021 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 Germany ($17,788 per unit), while the price for Japan ($264 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait (FOB) - 2022
The average export price for electric motors and generators stood at $523 per unit in 2022, with an increase of 23% against the previous year. Over the period under review, the export price, however, showed a precipitous decline. The export price peaked at $7,864 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,120 per unit), while the average price for exports to Egypt ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+36.0%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait
After two years of decline, purchases abroad of electric motors and generators increased by 53% to 49 units in 2022. Over the period under review, imports, however, faced a precipitous descent. Over the period under review, imports of attained the maximum at 170 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors and generators soared to $143K in 2022. Overall, imports, however, faced a sharp contraction. Over the period under review, imports of hit record highs at $442K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 214 | 98.2 | 48.5 | 53.4 | -37.0% |
| China | 7.0 | 11.8 | 3.0 | 28.7 | 60.1% |
| United States | 3.8 | 5.0 | 3.8 | 14.5 | 56.3% |
| India | 1.6 | 3.5 | 1.4 | 12.7 | 99.5% |
| South Korea | 4.7 | 12.6 | 5.1 | 7.1 | 14.7% |
| Canada | 4.7 | 5.6 | 2.0 | 2.6 | -17.9% |
| United Kingdom | 3.5 | 9.1 | 2.7 | 2.6 | -9.4% |
| Japan | 7.3 | 2.9 | 1.1 | 1.6 | -39.7% |
| Austria | N/A | N/A | N/A | 1.4 | 0% |
| Belgium | N/A | N/A | N/A | 1.0 | 0% |
| Mexico | 31.8 | 4.3 | 4.7 | 0.7 | -72.0% |
| Brazil | 1.6 | 1.7 | 0.5 | 0.4 | -37.0% |
| Denmark | 0.7 | 0.8 | 0.3 | 0.4 | -17.0% |
| Others | 162 | 74.6 | 12.8 | 15.6 | -54.2% |
| Total | 442 | 230 | 85.9 | 143 | -31.4% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Kuwait in 2022:
- China (10.0 units)
- United Kingdom (7.0 units)
- Japan (6.0 units)
- India (5.0 units)
- Germany (3.0 units)
- United States (2.0 units)
- Canada (1.0 units)
- Brazil (1.0 units)
- Mexico (1.0 units)
- Denmark (1.0 units)
- Austria (1.0 units)
- Belgium (1.0 units)
- South Korea (1.0 units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait
In 2022, the amount of electric motors and generators exported from Kuwait dropped sharply to 5 units, which is down by -28.6% on the previous year's figure. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of 7 units, and then reduced notably in the following year.
In value terms, exports of electric motors and generators reduced to $2.6K in 2022. Over the period under review, exports saw a abrupt slump. The smallest decline of -6.4% was in 2021. The exports peaked at $3.4K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,751 | 636 | 1,931 | 2,120 | 6.6% |
| Oman | 361 | 829 | 577 | 332 | -2.8% |
| Saudi Arabia | 400 | 732 | 43.0 | 70.0 | -44.1% |
| Iraq | 691 | 763 | 153 | 70.0 | -53.4% |
| Egypt | 191 | 227 | 49.0 | 21.0 | -52.1% |
| Belgium | N/A | N/A | 1.0 | N/A | 0% |
| Bahrain | 11.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 229 | N/A | 0% |
| Total | 3,405 | 3,187 | 2,983 | 2,613 | -8.4% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Kuwait in 2022:
- Egypt (1.0 units)
- Oman (1.0 units)
- Saudi Arabia (1.0 units)
- Iraq (1.0 units)
- United Arab Emirates (1.0 units)
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