Kuwait: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Kuwait

The Kuwaiti market for diesel or semi-diesel electric generating sets of output under X kVA was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption saw a slight downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Kuwait

In 2021, shipments abroad of diesel or semi-diesel electric generating sets of output under X kVA increased by 84% to X units, rising for the second consecutive year after three years of decline. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 533%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by 317% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Kuwait, accounting for a 55% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Iran exceeded the volume sent to the second major destination, Egypt (X units), fourfold. Qatar (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran totaled +101.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+57.0% per year) and Qatar (+46.3% per year).

In value terms, Qatar ($X) remains the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Kuwait, comprising 54% of total exports. The second position in the ranking was held by Iran ($X), with a 7.4% share of total exports. It was followed by Oman, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to +79.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+119.6% per year) and Oman (+122.7% per year).

Export Prices by Country

In 2021, the average export price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, falling by -6.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, 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 Qatar ($X per unit), while the average price for exports to Egypt ($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 Oman (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Kuwait

In 2021, purchases abroad of diesel or semi-diesel electric generating sets of output under X kVA increased by 4.4% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a temperate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 110% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021. Over the period under review, imports recorded a perceptible increase. The pace of growth was the most pronounced in 2017 when imports increased by 88%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest diesel or semi-diesel electric generating set of output under X kVA supplier to Kuwait, with a 54% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. The third position in this ranking was taken by India (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.0% per year) and India (+6.4% per year).

In value terms, the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Kuwait were China ($X), India ($X) and Italy ($X), together comprising 49% of total imports. These countries were followed by the UK, Mexico, Japan, the United States, the United Arab Emirates and Latvia, which together accounted for a further 24%.

Mexico, with a CAGR of +53.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, jumping by 33% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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