Report Update Jan 1, 2025

Kuwait - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Kuwait: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Kuwait

In 2021, the Kuwaiti driving and non-driving axle market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a mild decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Kuwait

In 2021, shipments abroad of drive-axles with differential and non-driving axles increased by 406% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 699% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, driving and non-driving axle exports surged to $X in 2021. Over the period under review, exports showed notable growth. The pace of growth was the most pronounced in 2017 with an increase of 623%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for driving and non-driving axle exports from Kuwait, with a 93% share of total exports. Moreover, driving and non-driving axle exports to Egypt exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Egypt totaled +9.5%.

In value terms, Egypt ($X) remains the key foreign market for driving and non-driving axle exports from Kuwait, comprising 90% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Egypt stood at +28.7%.

Export Prices by Country

In 2021, the average driving and non-driving axle export price amounted to $X per ton, reducing by -9.4% against the previous year. Overall, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 198% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Egypt totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Kuwait

In 2021, after two years of decline, there was significant growth in purchases abroad of drive-axles with differential and non-driving axles, when their volume increased by 35% to X tons. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 52%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, driving and non-driving axle imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of driving and non-driving axle imports to Kuwait, with a combined 73% share of total imports. These countries were followed by the United States, Turkey, Italy and Thailand, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of driving and non-driving axle to Kuwait, comprising 41% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.8% per year) and the United States (+27.4% per year).

Import Prices by Country

The average driving and non-driving axle import price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), 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 drive-axles with differential and non-driving axles in the world?

China constituted the country with the largest volume of driving and non-driving axle consumption, comprising approx. 26% of total volume. Moreover, driving and non-driving axle consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 10% share.

What are the largest producers of drive-axles with differential and non-driving axles in the world?

The country with the largest volume of driving and non-driving axle production was China, comprising approx. 27% of total volume. Moreover, driving and non-driving axle production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of drive-axles with differential and non-driving axles to Kuwait?

In value terms, Japan constituted the largest supplier of driving and non-driving axle to Kuwait, comprising 56% of total imports. The second position in the ranking was occupied by the United States, with a 12% share of total imports. It was followed by Germany, with a 10% share.

What are the leading importers of drive-axles with differential and non-driving axles from Kuwait?

In value terms, Egypt remains the key foreign market for driving and non-driving axle exports from Kuwait, comprising 91% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with an 8.7% share of total exports.

What is the average export price for drive-axles with differential and non-driving axles in Kuwait?

The average driving and non-driving axle export price stood at $8,114 per ton in 2021, shrinking by -15.2% against the previous year.

What is the average import price for drive-axles with differential and non-driving axles in Kuwait?

The average driving and non-driving axle import price stood at $9,307 per ton in 2021, waning by -8.9% against the previous year.

This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024