Price for Electric Motors; AC Motors, Single-Phase in Kuwait - 2021
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Kuwait (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Kuwait (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Kuwait
- Exports of Electric Motors; AC Motors, Single-Phase in Kuwait
Price for Electric Motors; AC Motors, Single-Phase in Kuwait (CIF) - 2022
The average import price for electric motors; AC motors, single-phases stood at $32 per unit in 2022, dropping by -10.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. As a result, import price attained the peak level of $53 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($51 per unit), while the price for China ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Single-Phase in Kuwait (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $158 per unit, reducing by -14.6% against the previous year. Overall, the export price saw a mild descent. The most prominent rate of growth was recorded in 2015 an increase of 226%. As a result, the export price reached the peak level of $931 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($604 per unit), while the average price for exports to Italy ($67 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 India (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors; AC Motors, Single-Phase in Kuwait
For the fourth year in a row, Kuwait recorded growth in purchases abroad of electric motors; AC motors, single-phases, which increased by 9.1% to 346K units in 2022. The total import volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 27%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, electric motors; AC motors, single-phase imports reduced to $11M in 2022. The total import value increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum at $11M in 2021, and then dropped in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.1 | 1.4 | 2.1 | 2.0 | 22.1% |
| United Arab Emirates | 1.9 | 2.6 | 1.7 | 2.0 | 1.7% |
| Tunisia | 0.9 | 1.1 | 1.7 | 1.7 | 23.6% |
| Mexico | 0.8 | 1.4 | 1.5 | 1.6 | 26.0% |
| China | 1.1 | 1.8 | 1.4 | 1.6 | 13.3% |
| India | 0.5 | 0.5 | 0.9 | 0.9 | 21.6% |
| France | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
| Poland | 0.6 | 1.0 | 0.9 | N/A | 22.5% |
| Others | 0.8 | 0.8 | 0.8 | 0.8 | 0.0% |
| Total | 8.1 | 11.0 | 11.4 | 11.2 | 11.4% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Kuwait in 2022:
- China (100.7K units)
- Italy (78.9K units)
- United Arab Emirates (39.0K units)
- Mexico (36.2K units)
- Tunisia (34.9K units)
- India (33.2K units)
- France (14.4K units)
- Poland (0.1K units)
Exports of Electric Motors; AC Motors, Single-Phase in Kuwait
Electric motors; AC motors, single-phase exports from Kuwait surged to 770 units in 2022, growing by 116% on the year before. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 254%. As a result, the exports reached the peak of 1.5K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, electric motors; AC motors, single-phase exports soared to $122K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 306%. As a result, the exports attained the peak of $178K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 13.7 | 37.2 | 16.8 | 35.8 | 37.7% |
| Pakistan | 5.7 | 11.3 | 9.3 | 20.7 | 53.7% |
| Italy | 8.0 | 14.1 | 10.1 | 19.7 | 35.0% |
| Bahrain | 3.1 | 6.7 | 9.4 | 17.5 | 78.1% |
| Qatar | 2.4 | 33.9 | 1.0 | 16.6 | 90.5% |
| Oman | 0.9 | 0.8 | 0.7 | 1.3 | 13.0% |
| Spain | N/A | 51.4 | N/A | N/A | 0% |
| South Korea | N/A | 5.4 | N/A | N/A | 0% |
| Others | 10.1 | 16.8 | 18.8 | 10.2 | 0.3% |
| Total | 43.8 | 178 | 66.2 | 122 | 40.7% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Kuwait in 2022:
- Italy (294.0 units)
- United Arab Emirates (169.0 units)
- Qatar (129.0 units)
- Pakistan (110.0 units)
- Bahrain (29.0 units)
- Oman (19.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Kuwait.
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