Kuwait: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Kuwait

The Kuwaiti wheeled dozer market contracted remarkably to $X in 2022, waning by -26.8% against the previous year. Overall, consumption saw a deep downturn. Wheeled dozer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Wheeled Dozer Production in Kuwait

In value terms, wheeled dozer production reduced markedly to $X in 2022 estimated in export price. In general, production faced a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 8.2%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Wheeled Dozer Exports

Exports from Kuwait

In 2022, wheeled dozer exports from Kuwait stood at X units, standing approx. at the year before. Overall, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2019 with an increase of 160% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wheeled dozer exports amounted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 195% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X units) was the main destination for wheeled dozer exports from Kuwait, with a 43% share of total exports. Moreover, wheeled dozer exports to Egypt exceeded the volume sent to the second major destination, Saudi Arabia (X units), fourfold. The third position in this ranking was taken by Jordan (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-8.1% per year) and Jordan (+19.6% per year).

In value terms, the United Arab Emirates ($X), Egypt ($X) and Saudi Arabia ($X) appeared to be the largest markets for wheeled dozer exported from Kuwait worldwide, with a combined 86% share of total exports.

Egypt, with a CAGR of +25.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheeled dozer export price stood at $X per unit in 2022, remaining constant against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheeled dozer export price increased by +54.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Sri Lanka ($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 Saudi Arabia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Dozer Imports

Imports into Kuwait

In 2022, the amount of wheeled dozers imported into Kuwait surged to X units, with an increase of 39% on 2021. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 616%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wheeled dozer imports surged to $X in 2022. In general, imports showed a strong increase. The growth pace was the most rapid in 2014 with an increase of 2,479%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and the United Arab Emirates (X units) were the main suppliers of wheeled dozer imports to Kuwait, with a combined 58% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled dozer suppliers to Kuwait were Japan ($X), the United Arab Emirates ($X) and Brazil ($X), with a combined 45% share of total imports. China, India, the United States, Belgium, the UK, Saudi Arabia, South Korea, Austria, France and Bahrain lagged somewhat behind, together comprising a further 43%.

India, with a CAGR of +76.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheeled dozer import price stood at $X per unit in 2022, surging by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 260%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+76.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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