Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait - 2022
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait (CIF) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait (FOB) - 2022
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait (CIF) - 2022
The average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $1,997 per unit in 2022, picking up by 14% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 yachts and other vessels; for pleasure or sports, rowing boats and canoeses increased by +47.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 75% against the previous year. The import price peaked at $2,900 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($16,334 per unit), while the price for Singapore ($122 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait (FOB) - 2022
The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $12,902 per unit in 2022, surging by 30% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 290%. Over the period under review, the average export prices attained the peak figure at $15,533 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 ($72,918 per unit), while the average price for exports to Saudi Arabia ($2,995 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 Qatar (+105.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait
After three years of growth, overseas purchases of yachts and other vessels; for pleasure or sports, rowing boats and canoeses decreased by -1.7% to 24K units in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of 25K units, and then dropped in the following year.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses rose markedly to $49M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 91% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 6.6 | 14.7 | 15.0 | 86.8% |
| United Arab Emirates | 4.6 | 2.4 | 9.6 | 11.8 | 36.9% |
| Italy | 1.1 | 3.0 | 4.2 | 5.5 | 71.0% |
| Mexico | 0.9 | 2.3 | 3.4 | 4.0 | 64.4% |
| Netherlands | N/A | N/A | 1.4 | 1.1 | -21.4% |
| Singapore | 0.3 | 0.7 | 0.7 | 1.1 | 54.2% |
| China | 0.5 | 0.6 | 0.8 | 0.8 | 17.0% |
| France | 3.2 | 0.1 | 0.1 | 0.6 | -42.8% |
| Finland | N/A | N/A | N/A | 0.3 | 0% |
| Others | 3.8 | 7.0 | 8.8 | 8.5 | 30.8% |
| Total | 16.9 | 22.8 | 43.5 | 48.6 | 42.2% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Kuwait in 2022:
- Singapore (9.1K units)
- Netherlands (6.7K units)
- United States (2.5K units)
- Finland (1.0K units)
- United Arab Emirates (0.7K units)
- Mexico (0.7K units)
- Italy (0.6K units)
- China (0.5K units)
- France (0.4K units)
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait
In 2022, overseas shipments of yachts and other vessels; for pleasure or sports, rowing boats and canoeses decreased by -57.6% to 193 units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 872% against the previous year. As a result, the exports attained the peak of 1.1K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses shrank remarkably to $2.5M in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 279%. The exports peaked at $4.5M in 2021, and then contracted sharply in the following year.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 41.2 | 190 | 499 | 450.0% |
| United Arab Emirates | 199 | 24.0 | 3,211 | 292 | 13.6% |
| Bahrain | 134 | 36.7 | 124 | 274 | 26.9% |
| Oman | 117 | 45.2 | 54.5 | 231 | 25.5% |
| Lebanon | 103 | 117 | 210 | 120 | 5.2% |
| Saudi Arabia | 95.9 | 116 | 84.5 | 114 | 5.9% |
| Iraq | 12.4 | 25.8 | 7.6 | 50.6 | 59.8% |
| India | 35.7 | 11.3 | 7.8 | 23.1 | -13.5% |
| Bulgaria | N/A | N/A | 15.3 | N/A | 0% |
| Turkey | N/A | 1,192 | N/A | N/A | 0% |
| Others | 478 | 2,856 | 598 | 888 | 22.9% |
| Total | 1,177 | 4,465 | 4,503 | 2,490 | 28.4% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Kuwait in 2022:
- United States (107.0 units)
- Saudi Arabia (38.0 units)
- Lebanon (11.0 units)
- India (5.0 units)
- Oman (5.0 units)
- Bahrain (4.0 units)
- United Arab Emirates (4.0 units)
- Iraq (4.0 units)
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