Price for New Pneumatic Tyres, of Rubber in Kuwait - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Kuwait (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Kuwait (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Kuwait
- Exports of New Pneumatic Tyres, of Rubber in Kuwait
Price for New Pneumatic Tyres, of Rubber in Kuwait (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $65 per unit in 2022, surging by 2.9% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. As a result, import price attained the peak level of $117 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($87 per unit), while the price for Taiwan (Chinese) ($34 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for New Pneumatic Tyres, of Rubber in Kuwait (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $87 per unit, dropping by -28.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 31% against the previous year. As a result, the export price reached the peak level of $127 per unit. From 2020 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 Free Zones ($611 per unit), while the average price for exports to Benin ($8 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 Free Zones (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of New Pneumatic Tyres, of Rubber in Kuwait
New pneumatic tyres, of rubber imports into Kuwait declined to 2.5M units in 2022, which is down by -11.4% against the previous year. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Imports peaked at 2.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber imports reduced to $162M in 2022. In general, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked at $186M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of New Pneumatic Tyres, of Rubber in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 72.3 | 62.6 | 70.4 | 67.7 | -2.2% |
| Japan | 43.3 | 31.0 | 38.2 | 32.2 | -9.4% |
| South Korea | 14.1 | 8.8 | 11.7 | 12.2 | -4.7% |
| India | 7.6 | 6.2 | 9.8 | 8.7 | 4.6% |
| Thailand | 8.1 | 6.7 | 8.5 | 8.7 | 2.4% |
| United States | 6.9 | 5.3 | 6.6 | 4.7 | -12.0% |
| Vietnam | 4.0 | 4.1 | 4.3 | 4.4 | 3.2% |
| Taiwan (Chinese) | 2.0 | 1.3 | 1.9 | 1.9 | -1.7% |
| Others | 27.7 | 20.3 | 26.4 | 21.4 | -8.2% |
| Total | 186 | 146 | 178 | 162 | -4.5% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Kuwait in 2022:
- China (1041.3K units)
- Japan (514.4K units)
- South Korea (237.3K units)
- Thailand (155.5K units)
- India (133.1K units)
- Vietnam (73.1K units)
- Taiwan (Chinese) (56.2K units)
- United States (54.7K units)
Exports of New Pneumatic Tyres, of Rubber in Kuwait
After two years of decline, overseas shipments of new pneumatic tyres, of rubbers increased by 66% to 2.9K units in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The exports peaked at 4.8K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber exports soared to $254K in 2022. Overall, exports, however, recorded a sharp setback. The exports peaked at $616K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of New Pneumatic Tyres, of Rubber in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 204 | 90.1 | 104 | 105 | -19.9% |
| Free Zones | 80.8 | 69.8 | 40.4 | 42.2 | -19.5% |
| Iraq | 5.8 | 6.1 | 7.0 | 39.3 | 89.2% |
| Saudi Arabia | 96.8 | 2.0 | 6.6 | 10.9 | -51.7% |
| United Arab Emirates | 43.4 | 14.4 | 7.3 | 9.0 | -40.8% |
| United States | 4.5 | 14.7 | 7.3 | 6.6 | 13.6% |
| Hong Kong SAR | 14.7 | 21.6 | 5.7 | 6.5 | -23.8% |
| Italy | 27.0 | 17.5 | 7.6 | 6.0 | -39.4% |
| Australia | 29.4 | 2.3 | 4.5 | 4.9 | -45.0% |
| Netherlands | 20.0 | 12.3 | 2.8 | 2.5 | -50.0% |
| Libya | 4.5 | 3.2 | 1.4 | 1.4 | -32.2% |
| Benin | 0.4 | 2.0 | 1.0 | 0.9 | 31.0% |
| Tunisia | N/A | 4.7 | N/A | N/A | 0% |
| Others | 84.8 | 33.8 | 17.9 | 19.2 | -39.1% |
| Total | 616 | 294 | 213 | 254 | -25.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Kuwait in 2022:
- Iraq (1416.0 units)
- United States (325.0 units)
- Qatar (293.0 units)
- Australia (128.0 units)
- Benin (110.0 units)
- Saudi Arabia (103.0 units)
- United Arab Emirates (95.0 units)
- Free Zones (69.0 units)
- Libya (67.0 units)
- Hong Kong SAR (55.0 units)
- Netherlands (39.0 units)
- Italy (37.0 units)
320
This report provides an in-depth analysis of the aircraft tyre market in Kuwait.
896
This report provides an in-depth analysis of the tyre market in Kuwait.
357
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in Kuwait.
512
This report provides an in-depth analysis of the passenger car tyre market in Kuwait.
386
This report provides an in-depth analysis of the market for truck and bus tyre in Kuwait.
347
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Kuwait.
370
This report provides an in-depth analysis of the roundwood market in Kuwait.
466
This report provides an in-depth analysis of the seat market in Kuwait.
297
This report provides an in-depth analysis of the market for soap in bars other than for toilet use in Kuwait.
309
This report provides an in-depth analysis of the market for soap in bars for toilet use in Kuwait.
690
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
2742
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
159
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
1113
In value terms, agricultural, horticultural, forestry equipment imports totaled $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an ave...
1011
In value terms, machining centres, unit construction machines imports amounted to $X in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value decreased at an ave...
693
In value terms, machining centres, unit construction machines exports stood at $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average ann...
835
In value terms, agricultural, horticultural, forestry equipment exports stood at $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total exports value increased at an av...
2411
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
757
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
1243
Despite a rather deep plunge in exports in 2014, Japan remained the leader in the global tyres for agriculture trade. In 2014, Japan exported X million units of tyres for agriculture totaling X billion USD, X% under the previous year. Its primary tr
