Kuwait: Crawler Dozer Market 2024

Crawler Dozer Market Size in Kuwait

The Kuwaiti crawler dozer market skyrocketed to $X in 2022, jumping by 88% against the previous year. In general, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Crawler Dozer Production in Kuwait

In value terms, crawler dozer production surged to $X in 2022 estimated in export price. Overall, production, however, showed a drastic downturn. Crawler dozer production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Crawler Dozer Exports

Exports from Kuwait

Crawler dozer exports from Kuwait soared to X units in 2022, jumping by 21% against the previous year's figure. Over the period under review, exports showed a slight increase. The growth pace was the most rapid in 2019 when exports increased by 217%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crawler dozer exports reached $X in 2022. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of 224%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for crawler dozer exports from Kuwait, accounting for a 53% share of total exports. Moreover, crawler dozer exports to Saudi Arabia exceeded the volume sent to the second major destination, Iran (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+21.5% per year) and the United Arab Emirates (-10.0% per year).

In value terms, the largest markets for crawler dozer exported from Kuwait were Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X), with a combined 81% share of total exports. Iran, Oman, Egypt, Jordan, Sudan, Iraq, Bahrain and Lebanon lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Iran, with a CAGR of +43.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crawler dozer export price stood at $X per unit in 2022, dropping by -7.6% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 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 Oman ($X per unit), while the average price for exports to Lebanon ($X 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 Egypt (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Dozer Imports

Imports into Kuwait

In 2022, after three years of decline, there was significant growth in supplies from abroad of crawler dozers, when their volume increased by 43% to X units. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 391% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, crawler dozer imports soared to $X in 2022. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 1,041%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X units) constituted the largest supplier of crawler dozer to Kuwait, accounting for a 53% share of total imports. Moreover, crawler dozer imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.1% per year) and Germany (-4.0% per year).

In value terms, Japan ($X), China ($X) and Saudi Arabia ($X) were the largest crawler dozer suppliers to Kuwait, with a combined 49% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +33.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crawler dozer import price stood at $X per unit in 2022, growing by 29% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 132% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 China ($X per unit), while the price for Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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