Kuwait - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 5, 2024

Kuwait - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Self-Propelled Excavating Machinery Price in Kuwait - 2021

Contents:

  1. Self-Propelled Excavating Machinery Price in Kuwait (CIF) - 2022
  2. Self-Propelled Excavating Machinery Price in Kuwait (FOB) - 2022
  3. Self-Propelled Excavating Machinery Imports in Kuwait
  4. Self-Propelled Excavating Machinery Exports in Kuwait

Self-Propelled Excavating Machinery Price in Kuwait (CIF) - 2022

In 2022, the average self-propelled excavating machinery import price amounted to $16,375 per unit, shrinking by -40.1% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 115% against the previous year. Over the period under review, average import prices hit record highs at $54,108 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($40,258 per unit), while the price for Canada ($347 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.5%), while the prices for the other major suppliers experienced a decline.

Self-Propelled Excavating Machinery Price in Kuwait (FOB) - 2022

In 2022, the average self-propelled excavating machinery export price amounted to $13,009 per unit, declining by -5.3% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 33%. The export price peaked at $47,813 per unit in 2015; however, from 2016 to 2022, the export prices stood 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 ($32,405 per unit), while the average price for exports to Qatar ($3,102 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 the United Arab Emirates (+1.0%), while the prices for the other major destinations experienced a decline.

Self-Propelled Excavating Machinery Imports in Kuwait

Self-propelled excavating machinery imports into Kuwait skyrocketed to 42 units in 2022, with an increase of 100% compared with the year before. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,050%. As a result, imports attained the peak of 63 units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports surged to $689K in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 942%. As a result, imports attained the peak of $804K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Self-Propelled Excavating Machinery in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia74.5730527634104.2%
Austria1.719.215.821.6133.3%
Italy0.114.09.911.6387.7%
United Arab EmiratesN/A30.7N/A8.3-48.0%
Germany0.22.17.08.2244.8%
China0.11.81.31.5146.6%
Others0.55.712.83.489.5%
Total77.1804574689107.5%

Top Suppliers of Self-Propelled Excavating Machinery to Kuwait in 2022:

  1. Saudi Arabia (16.0 units)
  2. United Arab Emirates (15.0 units)
  3. Austria (8.0 units)
  4. Italy (1.0 units)
  5. Germany (1.0 units)
  6. China (1.0 units)

Self-Propelled Excavating Machinery Exports in Kuwait

In 2022, the amount of self-propelled earth moving, excavating machinery exported from Kuwait soared to 4 units, with an increase of 100% against the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 200% against the previous year. As a result, the exports attained the peak of 6 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports surged to $54K in 2022. In general, exports showed resilient growth. Over the period under review, the exports attained the peak figure at $85K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Export of Self-Propelled Excavating Machinery in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates20.123.912.430.915.4%
Saudi Arabia22.057.99.520.0-3.1%
QatarN/A3.31.33.2-1.5%
Others1.5N/AN/AN/A0%
Total43.685.123.254.17.5%

Top Export Markets for Self-Propelled Excavating Machinery from Kuwait in 2022:

  1. Saudi Arabia (2.0 units)
  2. United Arab Emirates (1.0 units)
  3. Qatar (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the self-propelled excavating machinery 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 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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