Report Update Apr 1, 2024

Kuwait - Non-Electric Industrial or Laboratory Furnaces and Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Kuwait

In 2022, the Kuwaiti non-electric industrial furnace market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell markedly in the following year.

Non-Electric Industrial Furnace Production in Kuwait

In value terms, non-electric industrial furnace production skyrocketed to $X in 2022 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Kuwait

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Kuwait dropped dramatically to X units, falling by X% compared with 2021 figures. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports declined sharply to $X in 2022. Over the period under review, exports saw a precipitous setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Oman (X units) was the main destination for non-electric industrial furnace exports from Kuwait, with a approx. X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Oman was relatively modest.

In value terms, Oman ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Kuwait.

From 2013 to 2022, the average annual growth rate of value to Oman totaled X%.

Export Prices by Country

The average non-electric industrial furnace export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for Oman amounted to X% per year.

Non-Electric Industrial Furnace Imports

Imports into Kuwait

In 2022, overseas purchases of non-electric industrial or laboratory furnaces and ovens decreased by X% to X units, falling for the fifth year in a row after three years of growth. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace imports reduced to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and the UK (X units) were the main suppliers of non-electric industrial furnace imports to Kuwait, together comprising X% of total imports.

From 2013 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric industrial furnace suppliers to Kuwait were China ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average non-electric industrial furnace import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price posted a significant increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric industrial or laboratory furnaces and ovens in the world?

Latvia constituted the country with the largest volume of non-electric industrial furnace consumption, accounting for 38% of total volume. Moreover, non-electric industrial furnace consumption in Latvia exceeded the figures recorded by the second-largest consumer, Greece, twofold. China ranked third in terms of total consumption with an 8.4% share.

What are the largest producers of non-electric industrial or laboratory furnaces and ovens in the world?

The countries with the highest volumes of production in 2022 were Latvia, Greece and China, with a combined 65% share of global production. The United States, India, Russia, Pakistan, Brazil and Japan lagged somewhat behind, together accounting for a further 16%.

What are the leading suppliers of non-electric industrial or laboratory furnaces and ovens to Kuwait?

In value terms, China, Italy and Germany appeared to be the largest non-electric industrial furnace suppliers to Kuwait, with a combined 82% share of total imports.

What are the leading importers of non-electric industrial or laboratory furnaces and ovens from Kuwait?

In value terms, Oman $291) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Kuwait.

What is the average export price for non-electric industrial or laboratory furnaces and ovens in Kuwait?

The average non-electric industrial furnace export price stood at $291 per unit in 2022, waning by -94.9% against the previous year.

What is the average import price for non-electric industrial or laboratory furnaces and ovens in Kuwait?

The average non-electric industrial furnace import price stood at $2,839 per unit in 2022, rising by 4.6% against the previous year.

This report provides an in-depth analysis of the non-electric industrial furnace 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:

Prodcom 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)

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