Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait - 2022
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait (FOB) - 2022
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait (CIF) - 2022
In 2022, the average import price for turbo-jets, turbo-propellers and other gas turbineses amounted to $668 thousand per unit, increasing by 95% against the previous year. Overall, the import price enjoyed mild growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($4.7 million per unit), while the price for Turkey ($78 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait (FOB) - 2022
The average export price for turbo-jets, turbo-propellers and other gas turbineses stood at $428 thousand per unit in 2022, with a decrease of -19.4% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 853%. The export price peaked at $834 thousand per unit in 2012; however, from 2013 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 France ($1.4 million per unit), while the average price for exports to Lithuania ($201 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 France (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait
After two years of decline, purchases abroad of turbo-jets, turbo-propellers and other gas turbineses increased by 310% to 295 units in 2022. Over the period under review, imports, however, recorded a slight shrinkage. Imports peaked at 311 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses skyrocketed to $197M in 2022. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 24.4 | 10.4 | 10.2 | 94.3 | 56.9% |
| Germany | 39.7 | 10.0 | 5.8 | 24.0 | -15.4% |
| United States | 38.1 | 1.9 | 1.0 | 18.9 | -20.8% |
| Netherlands | 4.6 | 1.7 | 1.5 | 10.7 | 32.5% |
| France | 1.0 | 0.1 | 0.4 | 10.1 | 116.2% |
| Italy | 24.0 | 1.4 | 2.0 | 6.9 | -34.0% |
| China | 4.3 | 0.2 | 0.2 | 6.7 | 15.9% |
| United Kingdom | 1.1 | 0.5 | 0.3 | 5.5 | 71.0% |
| Sweden | 4.8 | 1.4 | 0.9 | 4.0 | -5.9% |
| Qatar | 1.7 | N/A | 0.1 | 3.2 | 23.5% |
| Turkey | 0.3 | 0.1 | N/A | 1.8 | 81.7% |
| United Arab Emirates | 1.3 | 0.3 | 0.2 | 0.6 | -22.7% |
| Spain | N/A | 3.8 | N/A | N/A | 0% |
| Others | 7.8 | 2.7 | 2.1 | 10.2 | 9.4% |
| Total | 153 | 34.4 | 24.6 | 197 | 8.8% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Kuwait in 2022:
- United States (57.0 units)
- Netherlands (40.0 units)
- Germany (29.0 units)
- Turkey (23.0 units)
- Qatar (20.0 units)
- Hungary (20.0 units)
- France (14.0 units)
- China (9.0 units)
- Italy (8.0 units)
- United Kingdom (8.0 units)
- United Arab Emirates (6.0 units)
- Sweden (3.0 units)
- Spain (1.0 units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait
Exports of turbo-jets, turbo-propellers and other gas turbineses from Kuwait declined sharply to 39 units in 2022, shrinking by -36.1% compared with the year before. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 221%. As a result, the exports reached the peak of 61 units, and then shrank sharply in the following year.
In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses declined markedly to $17M in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,959% against the previous year. As a result, the exports attained the peak of $32M, and then fell significantly in the following year.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1.1 | 0.2 | 9.5 | 7.2 | 87.1% |
| Spain | 4.2 | 0.7 | 19.8 | 5.2 | 7.4% |
| France | N/A | N/A | N/A | 1.4 | 0% |
| Netherlands | 0.2 | N/A | 0.1 | 1.0 | 71.0% |
| Hong Kong SAR | 0.5 | 0.1 | 0.8 | 0.9 | 21.6% |
| Belgium | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Germany | 0.1 | N/A | 0.2 | N/A | 41.4% |
| China | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Lithuania | N/A | N/A | N/A | N/A | 0% |
| India | N/A | N/A | 0.1 | N/A | 0% |
| Iran | N/A | N/A | N/A | N/A | 0% |
| Bahrain | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 1.9 | 0.6 | 14.5% |
| Total | 6.5 | 1.1 | 32.4 | 16.7 | 37.0% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Kuwait in 2022:
- Hungary (13.0 units)
- Spain (8.0 units)
- Bahrain (1.0 units)
- Netherlands (1.0 units)
- Iran (1.0 units)
- India (1.0 units)
- Lithuania (1.0 units)
- France (1.0 units)
- United States (1.0 units)
- China (1.0 units)
- Hong Kong SAR (1.0 units)
- Belgium (1.0 units)
- Germany (1.0 units)
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