Price for Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $2,434 per unit in 2022, rising by 22% against the previous year. In general, the import price saw buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 184%. Over the period under review, average import prices attained the peak figure at $4,868 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,023 per unit), while the price for Bahrain ($228 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $3,412 per unit in 2022, growing by 41% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 308%. Over the period under review, the average export prices hit record highs at $7,985 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($36,791 per unit), while the average price for exports to Iraq ($365 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 Iran (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait
In 2022, supplies from abroad of reciprocating or rotary internal combustion piston engineses decreased by -1.4% to 6K units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8% against the previous year. As a result, imports reached the peak of 6.1K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of reciprocating or rotary internal combustion piston engineses soared to $15M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,005 | 2,402 | 4,608 | 6,415 | 47.4% |
| United States | 2,276 | 3,733 | 4,450 | 4,233 | 23.0% |
| Denmark | 644 | 942 | 1,135 | 1,361 | 28.3% |
| China | 230 | 304 | 343 | 542 | 33.1% |
| United Kingdom | 473 | 801 | 414 | 337 | -10.7% |
| Germany | 245 | 325 | 211 | 299 | 6.9% |
| Australia | 1.5 | 10.3 | 3.6 | 290 | 478.2% |
| South Korea | 72.4 | 49.5 | 56.6 | 155 | 28.9% |
| Canada | 79.5 | 111 | 58.4 | 118 | 14.1% |
| Malaysia | 42.5 | 56.0 | 23.8 | 56.5 | 10.0% |
| Bahrain | 7.3 | 6.8 | 4.0 | 52.4 | 92.9% |
| United Arab Emirates | 1,306 | 12.9 | 22.5 | 6.1 | -83.3% |
| Mexico | 30.1 | 80.3 | 40.4 | 5.1 | -44.7% |
| Others | 494 | 549 | 737 | 719 | 13.3% |
| Total | 7,906 | 9,382 | 12,107 | 14,590 | 22.7% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Kuwait in 2022:
- China (1873.0 units)
- Japan (1277.0 units)
- United States (965.0 units)
- Denmark (460.0 units)
- South Korea (261.0 units)
- Bahrain (230.0 units)
- United Kingdom (154.0 units)
- Malaysia (146.0 units)
- Australia (132.0 units)
- Germany (98.0 units)
- Canada (69.0 units)
- Mexico (7.0 units)
- United Arab Emirates (1.0 units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait
Exports of reciprocating or rotary internal combustion piston engineses from Kuwait fell sharply to 705 units in 2022, reducing by -70.6% against the previous year's figure. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,218% against the previous year. As a result, the exports reached the peak of 2.4K units, and then fell remarkably in the following year.
In value terms, exports of reciprocating or rotary internal combustion piston engineses declined notably to $843K in 2022. Over the period under review, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,545%. As a result, the exports reached the peak of $11M, and then reduced markedly in the following year.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 132 | 71.8 | 1,284 | 381 | 42.4% |
| Spain | 227 | 78.0 | 886 | 127 | -17.6% |
| Belgium | 206 | 13.0 | 233 | 69.2 | -30.5% |
| Iran | 30.9 | 4.2 | 65.4 | 16.7 | -18.5% |
| Others | 142 | 61.9 | 8,163 | 248 | 20.4% |
| Total | 738 | 229 | 10,631 | 843 | 4.5% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Kuwait in 2022:
- Jordan (643.0 units)
- Spain (16.0 units)
- Belgium (10.0 units)
- Iran (4.0 units)
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