Kuwait: Market for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers 2024

Market Size for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in Kuwait

The Kuwaiti vapour generating boiler parts market surged to $X in 2023, picking up 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). Overall, consumption, however, showed a deep downturn. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Exports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Exports from Kuwait

In 2023, vapour generating boiler parts exports from Kuwait skyrocketed to X tons, increasing by X% compared with the previous year's figure. In general, exports showed a resilient increase. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, vapour generating boiler parts exports surged to $X in 2023. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for vapour generating boiler parts exports from Kuwait, with a X% share of total exports. Moreover, vapour generating boiler parts exports to Qatar exceeded the volume sent to the second major destination, Iran (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) remains the key foreign market for parts of vapour generating boilers and super-heater water boilers exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Iran, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the average vapour generating boiler parts export price amounted to $X per ton, waning by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2022 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Imports into Kuwait

Vapour generating boiler parts imports into Kuwait soared to X tons in 2023, picking up by X% on the year before. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, vapour generating boiler parts imports soared to $X in 2023. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

South Korea (X tons), Poland (X tons) and India (X tons) were the main suppliers of vapour generating boiler parts imports to Kuwait, together accounting for X% of total imports. Italy, the United Arab Emirates, the Netherlands, China and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, 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 vapour generating boiler parts suppliers to Kuwait were Poland ($X), Italy ($X) and South Korea ($X), together accounting for X% of total imports. India, the United Arab Emirates, Germany, China and the Netherlands lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw 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

In 2023, the average vapour generating boiler parts import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, posted a measured increase. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform