Report Update: May 1, 2024

Kuwait - Furnace Burners For Solid Fuel Or Gas - Market Analysis, Forecast, Size, Trends And Insights

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Price for Solid Fuel Furnace Burner in Kuwait - 2022

Price for Solid Fuel Furnace Burner in Kuwait (CIF) - 2022

The average solid fuel furnace burner import price stood at $174 per unit in 2022, falling by -14.6% against the previous year. Overall, the import price, however, posted perceptible growth. The pace of growth was the most pronounced in 2013 an increase of 61%. Over the period under review, average import prices hit record highs at $426 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Germany ($2,289 per unit), while the price for China ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+165.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Solid Fuel Furnace Burner in Kuwait (FOB) - 2022

In 2022, the average solid fuel furnace burner export price amounted to $159 per unit, with an increase of 90% against the previous year. Overall, the export price saw a pronounced increase. Over the period under review, the average export prices hit record highs at $198 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($295 per unit), while the average price for exports to Saudi Arabia ($26 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 Italy (+8,936.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solid Fuel Furnace Burner in Kuwait

In 2022, the amount of furnace burners for solid fuel or gas imported into Kuwait dropped notably to 8.4K units, with a decrease of -22.2% against the year before. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 216% against the previous year. As a result, imports reached the peak of 11K units, and then shrank dramatically in the following year.

In value terms, solid fuel furnace burner imports reduced dramatically to $1.5M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 205%. As a result, imports attained the peak of $2.2M, and then reduced rapidly in the following year.

Import of Solid Fuel Furnace Burner in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	178	140	1,225	720	59.3%
Luxembourg	144	113	281	163	4.2%
Italy	85.6	19.0	188	125	13.5%
United Arab Emirates	235	102	34.9	105	-23.6%
Netherlands	145	90.8	145	85.0	-16.3%
Czech Republic	25.2	22.7	67.5	44.1	20.5%
Malaysia	17.7	22.9	61.1	35.9	26.6%
China	73.3	14.5	6.0	1.8	-70.9%
Others	548	195	188	179	-31.1%
Total	1,453	719	2,196	1,457	0.1%

Top Suppliers of Solid Fuel Furnace Burner to Kuwait in 2022:

Mexico (4747.0 units)
United Arab Emirates (1995.0 units)
Italy (496.0 units)
Netherlands (273.0 units)
Luxembourg (239.0 units)
Czech Republic (173.0 units)
Malaysia (163.0 units)
China (60.0 units)

Exports of Solid Fuel Furnace Burner in Kuwait

Solid fuel furnace burner exports from Kuwait fell notably to 48 units in 2022, with a decrease of -68.6% on the previous year. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 705%. The exports peaked at 203 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner exports contracted significantly to $7.6K in 2022. Overall, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 437%. Over the period under review, the exports hit record highs at $24K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Solid Fuel Furnace Burner in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	7.9	1.1	5.6	6.2	-7.8%
India	14.8	1.1	3.1	1.2	-56.7%
Saudi Arabia	0.3	N/A	0.2	0.1	-30.7%
Qatar	0.5	N/A	4.0	N/A	182.8%
Others	N/A	0.1	N/A	N/A	0%
Total	23.6	2.4	12.8	7.6	-31.5%

Top Export Markets for Solid Fuel Furnace Burner from Kuwait in 2022:

United Arab Emirates (21.0 units)
India (21.0 units)
Saudi Arabia (5.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for solid fuel furnace burner 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 28211150 - Furnace burners for solid fuel or gas (including combination burners)

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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