Kuwait: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Kuwait

After four years of decline, the Kuwaiti self-propelled bulldozer market increased by 34% to $X in 2021. Overall, consumption, however, recorded a abrupt curtailment. Self-propelled bulldozer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports from Kuwait

Self-propelled bulldozer exports from Kuwait reduced dramatically to X units in 2021, dropping by -16.7% against 2020 figures. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 124%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, self-propelled bulldozer exports dropped modestly to $X in 2021. Over the period under review, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2014 with an increase of 126% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X units), Turkey (X units) and Syrian Arab Republic (X units) were the main destinations of self-propelled bulldozer exports from Kuwait, with a combined 80% share of total exports. Moreover, self-propelled bulldozer exports in Egypt exceeded the figures recorded by the second-largest exporter, Turkey, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Syrian Arab Republic (with a CAGR of -8.3%), while the other leaders experienced a decline.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for self-propelled bulldozers and excavators exports from Kuwait, comprising 44% of total exports. The second position in the ranking was taken by Qatar ($X), with a 16% share of total exports. It was followed by Egypt, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+28.8% per year) and Egypt (+33.1% per year).

Export Prices by Country

In 2021, the average self-propelled bulldozer export price amounted to $X per unit, growing by 8.8% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 53%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Qatar (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Kuwait

In 2021, self-propelled bulldozer imports into Kuwait totaled X units, approximately reflecting the previous year's figure. Overall, imports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2016 when imports increased by 158%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2015 when imports increased by 124% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X units) constituted the largest self-propelled bulldozer supplier to Kuwait, with a 44% share of total imports. Moreover, self-propelled bulldozer imports from South Korea exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X units), threefold. Lebanon (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.5% per year) and Lebanon (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Kuwait, comprising 35% of total imports. The second position in the ranking was held by Japan ($X), with a 4.3% share of total imports. It was followed by South Korea, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.1% per year) and South Korea (-1.9% per year).

Import Prices by Country

The average self-propelled bulldozer import price stood at $X per unit in 2021, with an increase of 70% against the previous year. Overall, the import price enjoyed significant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 287% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 UK ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+121.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :