Kuwait - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Kuwait - 2022
Contents:
- Wood Fuel Price in Kuwait (CIF) - 2022
- Wood Fuel Price in Kuwait (FOB) - 2022
- Wood Fuel Imports in Kuwait
- Wood Fuel Exports in Kuwait
Wood Fuel Price in Kuwait (CIF) - 2022
The average wood fuel import price stood at $256 per cubic meter in 2022, with an increase of 45% against the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2015 an increase of 99%. The import price peaked at $480 per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($791 per cubic meter), while the price for Ukraine ($133 per cubic meter) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Fuel Price in Kuwait (FOB) - 2022
In 2022, the average wood fuel export price amounted to $99 per cubic meter, picking up by 43% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 93% against the previous year. The export price peaked at $972 per cubic meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2013 to 2022, the rate of growth in terms of prices for Jordan amounted to +23.9% per year.
Wood Fuel Imports in Kuwait
Wood fuel imports into Kuwait shrank dramatically to 3.9K cubic meters in 2022, waning by -19.7% compared with 2021. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 220%. As a result, imports reached the peak of 4.8K cubic meters, and then declined sharply in the following year.
In value terms, wood fuel imports soared to $990K in 2022. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 232%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Wood Fuel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 178 | 493 | 177.0% |
| Indonesia | N/A | N/A | N/A | 133 | 0% |
| Estonia | 62.1 | 74.7 | 136 | 111 | 21.4% |
| Egypt | 14.0 | 11.9 | 147 | 66.2 | 67.8% |
| Namibia | N/A | N/A | 40.3 | 53.6 | 33.0% |
| Latvia | N/A | 30.6 | 83.3 | 52.2 | 30.6% |
| Ukraine | 76.0 | 81.5 | 117 | 49.6 | -13.3% |
| United States | N/A | N/A | 3.1 | 11.4 | 267.7% |
| Bosnia and Herzegovina | N/A | 20.2 | 38.0 | 8.6 | -34.8% |
| Spain | 13.7 | N/A | N/A | N/A | 0% |
| Others | 60.8 | 37.9 | 110 | 11.2 | -43.1% |
| Total | 227 | 257 | 854 | 990 | 63.4% |
Top Suppliers of Wood Fuel to Kuwait in 2022:
- Indonesia (998.0 cubic meters)
- Estonia (832.0 cubic meters)
- South Africa (715.0 cubic meters)
- Egypt (411.0 cubic meters)
- Ukraine (372.0 cubic meters)
- Namibia (292.0 cubic meters)
- Latvia (66.0 cubic meters)
- Bosnia and Herzegovina (64.0 cubic meters)
- United States (62.0 cubic meters)
Wood Fuel Exports in Kuwait
Wood fuel exports from Kuwait amounted to 7 cubic meters in 2022, therefore, remained relatively stable against the year before. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, wood fuel exports soared to $692 in 2022. Overall, total exports indicated significant growth from 2021 to 2022: its value increased at an average annual rate of +43.3% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wood Fuel in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Bahrain | 483 | 692 | 43.3% | ||
| Others | N/A | N/A | 0% | ||
| Total | 483 | 692 | 43.3% | ||
Top Export Markets for Wood Fuel from Kuwait in 2022:
- Bahrain (7.0 cubic meters)
This report provides an in-depth analysis of the wood fuel 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:
- FCL 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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