Report Update Nov 1, 2024

Kuwait - Crawler Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Crawler Tractor Market 2024

Crawler Tractor Market Size in Kuwait

The Kuwaiti crawler tractor market declined significantly to $X in 2021, with a decrease of -30.5% against the previous year. Over the period under review, consumption showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Crawler Tractor Production in Kuwait

In value terms, crawler tractor production declined modestly to $X in 2021 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 41% against the previous year. Crawler tractor production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Crawler Tractor Exports

Exports from Kuwait

In 2021, exports of crawler tractors from Kuwait skyrocketed to X units, with an increase of 275% on 2020 figures. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, crawler tractor exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Egypt (X units) were the main destinations of crawler tractor exports from Kuwait, together accounting for 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +52.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for crawler tractors exports from Kuwait, comprising 45% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+49.9% per year) and Egypt (0.0% per year).

Export Prices by Country

In 2021, the average crawler tractor export price amounted to $X per unit, increasing by 10% against the previous year. Overall, the export price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-2.6%).

Crawler Tractor Imports

Imports into Kuwait

In 2021, crawler tractor imports into Kuwait amounted to X units, approximately reflecting the previous year. In general, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 400% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, crawler tractor imports surged to $X in 2021. Overall, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of 861%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units) and China (X units) were the main suppliers of crawler tractor imports to Kuwait.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of 0.0%).

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Kuwait, comprising 96% of total imports. The second position in the ranking was held by Japan ($X), with a 3.4% share of total imports. It was followed by Germany, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.5% per year) and Germany (-23.9% per year).

Import Prices by Country

In 2021, the average crawler tractor import price amounted to $X per unit, rising by 57% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 101%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+110.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crawler tractors in the world?

The countries with the highest volumes of in 2021 were Japan, Italy and the Netherlands, together comprising 32% of global consumption. Germany, Iraq, Australia, Russia, Nepal, Romania, Belarus and the United States lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of crawler tractors in the world?

The countries with the highest volumes of in 2021 were Germany, Japan and Italy, with a combined 66% share of global production.

What are the leading suppliers of crawler tractors to Kuwait?

In value terms, the United States constituted the largest supplier of crawler tractor to Kuwait, comprising 61% of total imports. The second position in the ranking was occupied by Brazil, with a 15% share of total imports. It was followed by Japan, with a 15% share.

What are the leading importers of crawler tractors from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for crawler tractor exports from Kuwait.

What is the average export price for crawler tractors in Kuwait?

In 2021, the average crawler tractor export price amounted to $33,484 per unit, surging by 7.4% against the previous year.

What is the average import price for crawler tractors in Kuwait?

The average crawler tractor import price stood at $24,865 per unit in 2021, dropping by -4.1% against the previous year.

This report provides an in-depth analysis of the crawler tractor market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28925000 - (Crawler tractors) Track-laying tractors

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023