Kuwait Truck Industry Outlook 2022 - 2026

Key Market Indicators

In 2021, Kuwait ranked 24th, France overtook with $439,620,000. The United States, Germany and Japan respectively ranked numbers 2, 3 and 4 in this ranking. Kuwait's truck exports are projected to reach a value of approximately $229.5 million by 2026, up from $209.1 million in 2021. This growth is expected to average 1.3% year-on-year. Since 2011, Kuwaiti exports have seen an increase of around 9.6% annually. In 2021, Kuwait was ranked 30th, with Denmark coming in at number one with $209.1 million. The United States, Germany and France were ranked second, third and fourth respectively. Kuwait's truck imports are also forecast to rise to $495.5 million by 2026, from $439.6 million in 2021. This is anticipated to be an average year-on-year growth rate of 1.8%. Since 2005, Kuwaiti demand has grown by 3.1% annually. In 2021, Kuwait was 24th, with France at the top with $439.6 million. The United States, Germany and Japan occupied the second, third and fourth spots respectively.

Kuwait Truck Market Data and Forecasts

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