Price for Floating or Submersible Drilling or Production Platforms in Kuwait - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in Kuwait (CIF) - 2022
2. Imports of Floating or Submersible Drilling or Production Platforms in Kuwait

Price for Floating or Submersible Drilling or Production Platforms in Kuwait (CIF) - 2022

In 2022, the average import price for floating or submersible drilling or production platformses amounted to $7,349,039 per unit, with a decrease of -8.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 312,035%. Over the period under review, average import prices attained the peak figure at $9,966,601 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 China ($20,497,846 per unit), while the price for the United States ($2,060,664 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+83.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Floating or Submersible Drilling or Production Platforms in Kuwait

In 2022, the amount of floating or submersible drilling or production platformses imported into Kuwait stood at 4 units, almost unchanged from the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of floating or submersible drilling or production platformses declined to $29M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of $32M, and then contracted in the following year.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to Kuwait in 2022:

1. United Arab Emirates (2.0 units)
2. United States (1.0 units)
3. China (1.0 units)

Source: IndexBox Market Intelligence Platform