Kuwait: Boiler Parts Market 2022

Boiler Parts Market Size in Kuwait

In 2021, the Kuwaiti boiler parts market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a significant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Boiler Parts Exports

Exports from Kuwait

In 2021, shipments abroad of parts of boilers for central heating decreased by -X% to X kg for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, boiler parts exports shrank to $X in 2021. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for boiler parts exports from Kuwait, accounting for a X% share of total exports. Moreover, boiler parts exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +X%.

In value terms, the largest markets for boiler parts exported from Kuwait were the United Arab Emirates ($X) and Saudi Arabia ($X terms of the main countries of destination, Saudi Arabia, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%).

Boiler Parts Imports

Imports into Kuwait

In 2021, supplies from abroad of parts of boilers for central heating increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, boiler parts imports totaled $X in 2021. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of boiler parts to Kuwait, accounting for a X% share of total imports. Moreover, boiler parts imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Japan (+X% per year).

In value terms, India ($X) constituted the largest supplier of boiler parts to Kuwait, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Japan (+X% per year).

Import Prices by Country

In 2021, the average boiler parts import price amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price faced a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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