Kuwait: Wheeled Loader Market 2024

Wheeled Loader Market Size in Kuwait

The Kuwaiti wheeled loader market plummeted to $X in 2021, waning by -33.4% against the previous year. In general, consumption saw a deep contraction. Wheeled loader consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wheeled Loader Production in Kuwait

In value terms, wheeled loader production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production, however, faced a precipitous setback. Over the period under review, production attained the maximum level at $X in 2020, and then declined significantly in the following year.

Wheeled Loader Exports

Exports from Kuwait

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported from Kuwait soared to X units, jumping by 13,400% compared with the previous year's figure. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X units) was the main destination for wheeled loader exports from Kuwait, with a 97% share of total exports. It was followed by the United Arab Emirates (X units), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt totaled +408.5%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Kuwait, comprising 30% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.7% share of total exports. It was followed by Lebanon, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +71.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+72.2% per year) and Lebanon (+27.3% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, reducing by -29.7% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 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 the United Arab Emirates ($X per unit), while the average price for exports to Egypt ($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 Saudi Arabia (+63.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Kuwait

In 2021, purchases abroad of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -22.7% to X units, falling for the fifth consecutive year after three years of growth. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 41%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wheeled loader imports contracted to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X units) was the main supplier of wheeled loader to Kuwait, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at +125.6%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Kuwait, comprising 17% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.4% per year) and Oman (-6.4% per year).

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, surging by 17% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a 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 Oman ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+233.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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