Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait - 2022

Contents:

1. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait (CIF) - 2022
2. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait (FOB) - 2022
3. Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait
4. Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait (CIF) - 2022

The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $896 per unit in 2022, declining by -46.5% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 93%. Over the period under review, average import prices attained the peak figure at $1,673 per unit in 2021, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($3,225 per unit), while the price for Spain ($110 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait (FOB) - 2022

The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2,616 per unit in 2022, growing by 45% against the previous year. Over the period under review, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 161% against the previous year. The export price peaked at $7,503 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to -13.0% per year.

Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait

In 2022, approx. 635 units of furnaces and ovens; industrial or laboratory induction or dielectrics were imported into Kuwait; with an increase of 133% on 2021. In general, imports, however, recorded a abrupt shrinkage. Over the period under review, imports of attained the maximum at 868 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics soared to $522K in 2022. Over the period under review, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 167% against the previous year. Imports peaked at $827K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Kuwait in 2022:

1. United States (364.0 units)
2. India (54.0 units)
3. China (42.0 units)
4. Spain (42.0 units)
5. United Kingdom (29.0 units)
6. Netherlands (24.0 units)
7. Czech Republic (21.0 units)

Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of furnaces and ovens; industrial or laboratory induction or dielectrics, which decreased by 0% to 1 units in 2022. Overall, exports recorded a significant decline. The smallest decline of -75% was in 2020. Over the period under review, the exports of hit record highs at 8 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2.6K in 2022. In general, exports continue to indicate a precipitous decrease. The smallest decline of -43.8% was in 2020. The exports peaked at $15K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Kuwait in 2022:

1. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform