Kuwait: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Kuwait

The Kuwaiti civil reaction engine market reached $X in 2021, surging by 7.7% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Civil Reaction Engine Production in Kuwait

In value terms, civil reaction engine production fell modestly to $X in 2021 estimated in export price. In general, production showed a perceptible decrease. The growth pace was the most rapid in 2013 when the production volume increased by 82% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Civil Reaction Engine Exports

Exports from Kuwait

After four years of growth, overseas shipments of civil reaction engines decreased by -88.2% to X units in 2021. Over the period under review, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2018 with an increase of 700%. The exports peaked at X units in 2020, and then declined sharply in the following year.

In value terms, civil reaction engine exports dropped sharply to $X in 2021. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 1,077%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Syrian Arab Republic (X units) was the main destination for civil reaction engine exports from Kuwait, accounting for a 75% share of total exports. Moreover, civil reaction engine exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Syrian Arab Republic was relatively modest.

In value terms, Syrian Arab Republic ($X) emerged as the key foreign market for civil reaction engines exports from Kuwait, comprising 72% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Syrian Arab Republic was relatively modest.

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, jumping by 167% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 574% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Syrian Arab Republic amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.5%).

Civil Reaction Engine Imports

Imports into Kuwait

In 2021, the amount of civil reaction engines imported into Kuwait declined remarkably to X units, dropping by -43.2% against the previous year. Over the period under review, imports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2017 when imports increased by 427%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, civil reaction engine imports fell rapidly to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 643%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest civil reaction engine supplier to Kuwait, with a 67% share of total imports. Moreover, civil reaction engine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +141.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.0% per year) and the United States (-46.3% per year).

In value terms, the United States ($X) constituted the largest supplier of civil reaction engines to Kuwait, comprising 51% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports. It was followed by Spain, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+83.3% per year) and Spain (-7.8% per year).

Import Prices by Country

In 2021, the average civil reaction engine import price amounted to $X per unit, dropping by -20.7% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 219% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average 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 the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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