Kuwait: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Kuwait

The Kuwaiti market for side cars and cycles with non-combustion motors shrank significantly to $X in 2022, declining by X% against the previous year. In general, consumption, however, showed a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then declined markedly in the following year.

Production of Side Cars and Cycles with Non-Combustion Motors in Kuwait

In value terms, production of side cars and cycles with non-combustion motors expanded notably to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Side Cars and Cycles with Non-Combustion Motors

Exports from Kuwait

Exports of side cars and cycles with non-combustion motors from Kuwait dropped markedly to X units in 2022, falling by X% on the previous year. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of side cars and cycles with non-combustion motors fell rapidly to $X in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Egypt (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of exports of side cars and cycles with non-combustion motors from Kuwait, with a combined X% share of total exports. Tunisia, Romania, the UK, Oman, Iran, Jordan, Canada, Malaysia, Bahrain and Denmark lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for side car and cycle with non-combustion motor exported from Kuwait were Egypt ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total exports. The UK, Jordan, Tunisia, Iran, Bahrain, Romania, Oman, Canada, Denmark and Malaysia lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports into Kuwait

In 2022, overseas purchases of side cars and cycles with non-combustion motors decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, imports of side cars and cycles with non-combustion motors shrank remarkably to $X in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the United States (X units) were the main suppliers of imports of side cars and cycles with non-combustion motors to Kuwait, with a combined X% share of total imports. India and Japan lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest side car and cycle with non-combustion motor suppliers to Kuwait, with a combined X% share of total imports. India and Japan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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