Kuwait: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Kuwait

The Kuwaiti pedestrian-controlled tractor market skyrocketed to $X in 2022, rising by 19% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pedestrian-Controlled Tractor Production in Kuwait

In value terms, pedestrian-controlled tractor production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a slight expansion. The growth pace was the most rapid in 2020 when the production volume increased by 52% against the previous year. Pedestrian-controlled tractor production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Kuwait

After three years of growth, shipments abroad of pedestrian-controlled tractors decreased by -26.5% to X units in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 298% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank remarkably in the following year.

In value terms, pedestrian-controlled tractor exports reduced sharply to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 288%. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Iraq (X units) were the main destinations of pedestrian-controlled tractor exports from Kuwait, with a combined 84% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for pedestrian-controlled tractors exports from Kuwait, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.2% share of total exports. It was followed by Iraq, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-11.1% per year) and Iraq (+0.6% per year).

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, falling by -14.5% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-0.7%), while the prices for the other major destinations experienced a decline.

Pedestrian-Controlled Tractor Imports

Imports into Kuwait

In 2022, approx. X units of pedestrian-controlled tractors were imported into Kuwait; with a decrease of -2.2% on the year before. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 311%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports fell significantly to $X in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 221%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Japan (X units) and the United States (X units) were the main suppliers of pedestrian-controlled tractor imports to Kuwait, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +69.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and South Korea ($X) constituted the largest pedestrian-controlled tractor suppliers to Kuwait, together comprising 63% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +63.3%, saw the highest rates of growth with regard to 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

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, reducing by -19.1% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 70%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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