Kuwait - Motor Boats And Motor Yachts, For Pleasure Or Sports - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotor Boat Price in Kuwait - 2021
Contents:
- Motor Boat Price in Kuwait (CIF) - 2022
- Motor Boat Price in Kuwait (FOB) - 2022
- Motor Boat Imports in Kuwait
- Motor Boat Exports in Kuwait
Motor Boat Price in Kuwait (CIF) - 2022
In 2022, the average motor boat import price amounted to $33,818 per unit, declining by -20% against the previous year. Overall, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 178% against the previous year. The import price peaked at $46,218 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($313,204 per unit), while the price for China ($589 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+842.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Boat Price in Kuwait (FOB) - 2022
In 2022, the average motor boat export price amounted to $11,234 per unit, growing by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 179% against the previous year. The export price peaked at $23,982 per unit in 2017; however, from 2018 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 ($1,429,141 per unit), while the average price for exports to Saudi Arabia ($267 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 (+89.6%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Boat Imports in Kuwait
In 2022, approx. 130 units of motor boats and motor yachts, for pleasure or sports were imported into Kuwait; remaining stable against the year before. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 30%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, motor boat imports declined dramatically to $4.4M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 261% against the previous year. Imports peaked at $5.5M in 2021, and then contracted markedly in the following year.
| Import of Motor Boat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 579 | 2,261 | 327 | 2,039 | 52.1% |
| United States | 44.8 | 157 | 607 | 699 | 149.9% |
| Mexico | 16.1 | 309 | 437 | 504 | 215.2% |
| United Arab Emirates | 42.9 | 38.2 | 261 | 301 | 91.4% |
| Turkey | 1.6 | 5.8 | 22.2 | 25.6 | 152.0% |
| United Kingdom | 5.9 | 11.2 | 13.0 | 18.1 | 45.3% |
| Bahrain | 8.2 | 1.0 | 1.6 | 11.0 | 10.3% |
| China | 4.1 | 7.1 | 7.1 | 8.2 | 26.0% |
| Thailand | 1.3 | 3.3 | 5.1 | 6.5 | 71.0% |
| Australia | 0.9 | 1.8 | 2.0 | 2.8 | 46.0% |
| Others | 219 | 542 | 3,771 | 782 | 52.8% |
| Total | 924 | 3,339 | 5,454 | 4,396 | 68.2% |
Top Suppliers of Motor Boat to Kuwait in 2022:
- Turkey (33.0 units)
- Mexico (23.0 units)
- United Arab Emirates (18.0 units)
- United States (16.0 units)
- China (14.0 units)
- Thailand (4.0 units)
- Australia (3.0 units)
- United Kingdom (3.0 units)
- Bahrain (2.0 units)
- Italy (2.0 units)
Motor Boat Exports in Kuwait
In 2022, approx. 8 units of motor boats and motor yachts, for pleasure or sports were exported from Kuwait; with a decrease of -27.3% on the year before. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. The exports peaked at 13 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, motor boat exports contracted sharply to $90K in 2022. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 59%. The exports peaked at $218K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Motor Boat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 57.9 | 0.9 | 1.5 | 11.8 | -41.2% |
| Oman | 24.2 | 0.5 | 3.2 | 5.9 | -37.5% |
| Bahrain | 0.7 | N/A | 3.4 | 2.5 | 52.9% |
| United Arab Emirates | 5.3 | 0.3 | 1.2 | 2.3 | -24.3% |
| Saudi Arabia | 1.6 | 0.4 | 0.9 | 1.9 | 5.9% |
| Egypt | 0.3 | N/A | 0.2 | 0.2 | -12.6% |
| Bulgaria | N/A | N/A | 0.7 | N/A | 0% |
| Germany | 1.7 | N/A | N/A | N/A | 0% |
| France | 21.6 | N/A | 8.9 | N/A | -35.8% |
| Others | 105 | 67.3 | 90.3 | 65.3 | -14.6% |
| Total | 218 | 69.4 | 110 | 89.9 | -25.6% |
Top Export Markets for Motor Boat from Kuwait in 2022:
- Saudi Arabia (7.0 units)
- United Arab Emirates (1.0 units)
This report provides an in-depth analysis of the motor boat market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30121930 - Motor boats and motor yachts, for pleasure or sports (excluding outboard motor boats)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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