Price for Vehicles; Mobile Drilling Derricks in Kuwait - 2021
Contents:
- Price for Vehicles; Mobile Drilling Derricks in Kuwait (CIF) - 2022
- Price for Vehicles; Mobile Drilling Derricks in Kuwait (FOB) - 2022
- Imports of Vehicles; Mobile Drilling Derricks in Kuwait
- Exports of Vehicles; Mobile Drilling Derricks in Kuwait
Price for Vehicles; Mobile Drilling Derricks in Kuwait (CIF) - 2022
The average vehicles; mobile drilling derricks import price stood at $46,954 per unit in 2022, with an increase of 7% against the previous year. In general, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of 85%. The import price peaked at $146,538 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 France ($227,869 per unit), while the price for Turkey ($44 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+4.4%), while the prices for the other major suppliers experienced a decline.
Price for Vehicles; Mobile Drilling Derricks in Kuwait (FOB) - 2022
The average vehicles; mobile drilling derricks export price stood at $70,028 per unit in 2022, rising by 53% against the previous year. Over the period under review, the export price showed prominent growth. The growth pace was the most rapid in 2015 an increase of 688%. Over the period under review, the average export prices reached the maximum at $99,602 per unit in 2020; however, from 2021 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 Saudi Arabia ($161,437 per unit), while the average price for exports to the United Arab Emirates totaled $24,324 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+34.6%).
Imports of Vehicles; Mobile Drilling Derricks in Kuwait
In 2022, after three years of growth, there was significant decline in supplies from abroad of vehicles; mobile drilling derrickses, when their volume decreased by -6.2% to 15 units. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 16 units, and then shrank in the following year.
In value terms, vehicles; mobile drilling derricks imports totaled $704K in 2022. Over the period under review, imports saw a abrupt setback. Over the period under review, imports reached the peak figure at $1.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Vehicles; Mobile Drilling Derricks in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 394 | 216 | 225 | 228 | -16.7% |
| Japan | 219 | 131 | 149 | 165 | -9.0% |
| China | 230 | 122 | 123 | 120 | -19.5% |
| Italy | 167 | 81.9 | 76.1 | 68.8 | -25.6% |
| Bahrain | 47.9 | 30.7 | 47.8 | 44.3 | -2.6% |
| United Arab Emirates | 8.1 | 2.9 | 28.1 | 26.0 | 47.5% |
| United States | 42.9 | 23.3 | 24.0 | 24.1 | -17.5% |
| Germany | 24.0 | 13.4 | 12.7 | 11.8 | -21.1% |
| United Kingdom | 13.2 | 7.8 | 8.7 | 9.5 | -10.4% |
| India | 3.1 | 4.8 | 7.7 | 7.1 | 31.8% |
| Turkey | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Oman | 5.0 | N/A | N/A | N/A | 0% |
| Canada | N/A | 72.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,155 | 706 | 702 | 704 | -15.2% |
Top Suppliers of Vehicles; Mobile Drilling Derricks to Kuwait in 2022:
- Japan (5.0 units)
- Bahrain (1.0 units)
- Turkey (1.0 units)
- Italy (1.0 units)
- United Arab Emirates (1.0 units)
- India (1.0 units)
- France (1.0 units)
- United States (1.0 units)
- China (1.0 units)
- United Kingdom (1.0 units)
- Germany (1.0 units)
Exports of Vehicles; Mobile Drilling Derricks in Kuwait
In 2022, vehicles; mobile drilling derricks exports from Kuwait contracted sharply to 12 units, with a decrease of -20% on the year before. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 50%. The exports peaked at 16 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, vehicles; mobile drilling derricks exports surged to $840K in 2022. Over the period under review, exports faced a abrupt decrease. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Vehicles; Mobile Drilling Derricks in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 784 | 842 | 427 | 646 | -6.2% |
| United Arab Emirates | 111 | 154 | 147 | 195 | 20.7% |
| Oman | N/A | N/A | 8.7 | N/A | 0% |
| Egypt | N/A | N/A | 1.2 | N/A | 0% |
| Iran | N/A | N/A | 17.5 | N/A | 0% |
| Romania | 412 | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | 83.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,307 | 996 | 685 | 840 | -13.7% |
Top Export Markets for Vehicles; Mobile Drilling Derricks from Kuwait in 2022:
- United Arab Emirates (8.0 units)
- Saudi Arabia (4.0 units)
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