Kuwait: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Kuwait

The Kuwaiti market for industrial, laboratory or bakery ovens fell to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a slight increase. Industrial, laboratory or bakery oven consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Kuwait

In 2022, the amount of industrial, laboratory or bakery ovens exported from Kuwait contracted markedly to X units, waning by X% against the year before. Over the period under review, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven exports declined sharply to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Qatar (X units), Saudi Arabia (X units) and Iran (X units) were the main destinations of industrial, laboratory or bakery oven exports from Kuwait, together comprising X% of total exports. Moreover, industrial, laboratory or bakery oven exports in Qatar exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iran ($X) and Qatar ($X) appeared to be the largest markets for industrial, laboratory or bakery oven exported from Kuwait worldwide, with a combined X% share of total exports. Saudi Arabia lagged somewhat behind, comprising a further X%.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 industrial, laboratory or bakery ovens stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Qatar ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Kuwait

In 2022, imports of industrial, laboratory or bakery ovens into Kuwait fell to X units, dropping by X% on 2021 figures. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports contracted to $X in 2022. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Kuwait, with a X% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, the United Arab Emirates ($X), Italy ($X) and Sweden ($X) appeared to be the largest industrial, laboratory or bakery oven suppliers to Kuwait, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :