Kuwait: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Kuwait

In 2021, the Kuwaiti road tractor for semi-trailer market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Road Tractors For Semi-Trailers

Exports from Kuwait

In 2021, shipments abroad of road tractors for semi-trailers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 367% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer exports soared to $X in 2021. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 344%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), the United Arab Emirates (X units) and Egypt (X units) were the main destinations of road tractor for semi-trailer exports from Kuwait, with a combined 80% share of total exports. Moreover, road tractor for semi-trailer exports in Oman exceeded the figures recorded by the second-largest exporter, the United Arab Emirates, twofold.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for road tractor for semi-trailer exported from Kuwait were the United Arab Emirates ($X), Egypt ($X) and Oman ($X), together comprising 94% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +32.5%, saw the highest rates of growth with regard to 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 road tractor for semi-trailer export price stood at $X per unit in 2021, waning by -10.7% against the previous year. In general, the export price showed a noticeable decline. The growth pace was the most rapid in 2020 when the average export price increased by 82%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Oman ($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 Bahrain (+50.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Road Tractors For Semi-Trailers

Imports into Kuwait

In 2021, overseas purchases of road tractors for semi-trailers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest road tractor for semi-trailer supplier to Kuwait, accounting for a 80% share of total imports. Moreover, road tractor for semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), tenfold. The third position in this ranking was held by Romania (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+38.0% per year) and Romania (+56.1% per year).

In value terms, Germany ($X) constituted the largest supplier of road tractors for semi-trailers to Kuwait, comprising 40% of total imports. The second position in the ranking was held by Sweden ($X), with a 7.9% share of total imports. It was followed by the United Arab Emirates, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+25.0% per year) and the United Arab Emirates (+5.1% per year).

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2021, reducing by -1.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 49% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+63.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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