Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait - 2022
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait (CIF) - 2022
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait (CIF) - 2022
In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $44,039 per unit, with an increase of 4.3% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -13.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $50,935 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($45,613 per unit), while the price for Australia ($28,116 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait (FOB) - 2022
In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $24,552 per unit, approximately reflecting the previous year. Over the period under review, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 4.7% against the previous year. As a result, the export price reached the peak level of $31,306 per unit. From 2017 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 China ($86,326 per unit), while the average price for exports to Free Zones ($1,389 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 China (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs imported into Kuwait shrank notably to 35K units, falling by -31.5% against 2021. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Imports peaked at 57K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs declined markedly to $1.5B in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $2.2B, and then fell rapidly in the following year.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 944 | 863 | 941 | 607 | -13.7% |
| United States | 451 | 328 | 482 | 384 | -5.2% |
| Germany | 217 | 158 | 213 | 144 | -12.8% |
| United Kingdom | 166 | 209 | 131 | 97.1 | -16.4% |
| China | 27.5 | 32.4 | 26.0 | 58.0 | 28.2% |
| Austria | 51.0 | 57.0 | 77.4 | 41.3 | -6.8% |
| Slovakia | 39.0 | 33.3 | 93.2 | 40.4 | 1.2% |
| Italy | 40.9 | 31.0 | 49.4 | 30.5 | -9.3% |
| Canada | 71.2 | 35.5 | 45.3 | 29.4 | -25.5% |
| Others | 115 | 86.6 | 113 | 112 | -0.9% |
| Total | 2,123 | 1,834 | 2,170 | 1,544 | -10.1% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Kuwait in 2022:
- Japan (13.3K units)
- United States (8.4K units)
- Germany (3.2K units)
- United Kingdom (2.1K units)
- China (2.0K units)
- Austria (0.9K units)
- Slovakia (0.9K units)
- Italy (0.7K units)
- Canada (0.6K units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs, when their volume decreased by -50.1% to 7.2K units. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports attained the peak of 15K units, and then shrank rapidly in the following year.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs reduced dramatically to $181M in 2022. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. The exports peaked at $361M in 2021, and then dropped notably in the following year.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 108 | 138 | 144 | 130 | 6.4% |
| United Arab Emirates | 8.0 | 32.8 | 61.8 | 11.6 | 13.2% |
| Tajikistan | 9.7 | 12.4 | 12.9 | 11.6 | 6.1% |
| Saudi Arabia | 15.0 | 66.3 | 22.5 | 5.8 | -27.1% |
| United States | 0.1 | 0.3 | 1.7 | 2.4 | 188.4% |
| Qatar | 8.1 | 11.6 | 8.2 | 1.5 | -43.0% |
| Iraq | 41.2 | 14.2 | 76.2 | 1.1 | -70.1% |
| Jordan | 3.6 | 5.7 | 1.8 | 0.9 | -37.0% |
| Yemen | 0.1 | 0.1 | N/A | 0.8 | 100.0% |
| South Africa | 0.3 | 0.5 | 0.5 | 0.5 | 18.6% |
| China | 46.7 | 5.3 | 1.5 | 0.3 | -81.4% |
| Free Zones | 0.9 | 0.8 | 0.6 | 0.3 | -30.7% |
| Others | 24.2 | 25.3 | 28.9 | 15.0 | -14.7% |
| Total | 266 | 313 | 361 | 181 | -12.0% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Kuwait in 2022:
- Russia (4447.0 units)
- United Arab Emirates (545.0 units)
- Tajikistan (431.0 units)
- Yemen (331.0 units)
- Free Zones (242.0 units)
- South Africa (217.0 units)
- Saudi Arabia (169.0 units)
- United States (166.0 units)
- Jordan (70.0 units)
- Iraq (52.0 units)
- Qatar (18.0 units)
- China (3.0 units)
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