Report Update Nov 1, 2024

Kuwait - Furnace Burners for Liquid Fuel - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Kuwait

In 2021, the Kuwaiti liquid fuel furnace burner market increased by 366% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a deep setback. Liquid fuel furnace burner consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Kuwait

For the third year in a row, Kuwait recorded growth in shipments abroad of furnace burners for liquid fuel, which increased by 0.5% to X tons in 2021. In general, exports posted significant growth. The growth pace was the most rapid in 2019 when exports increased by 2,976% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, liquid fuel furnace burner exports reached $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 3,664% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of liquid fuel furnace burner exports from Kuwait.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +41.7%).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Kuwait, comprising 89% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +51.5%.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a slight increase. The growth pace was the most rapid in 2017 an increase of 168%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, 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 amounted to $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 (+7.0%).

Imports of Furnace Burners For Liquid Fuel

Imports into Kuwait

In 2021, supplies from abroad of furnace burners for liquid fuel was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 579%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable contraction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Japan (X tons) and Saudi Arabia (X tons) were the main suppliers of liquid fuel furnace burner imports to Kuwait, together comprising 36% of total imports. These countries were followed by Austria, Iran, China, Italy, the United Arab Emirates, Lebanon, Germany, Spain and India, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +59.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of furnace burners for liquid fuel to Kuwait, comprising 34% of total imports. The second position in the ranking was held by Italy ($X), with a 4.7% share of total imports. It was followed by Spain, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and Spain (+69.0% per year).

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, jumping by 120% against the previous year. In general, the import price continues to indicate a pronounced increase. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Japan ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+59.3%), 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 furnace burners for liquid fuel in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Italy, Japan, Nigeria, Spain, Germany, Canada, South Korea and the UK, which together accounted for a further 26%.

What are the largest producers of furnace burners for liquid fuel in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, with a combined 55% share of global production. India, Japan, Germany and South Korea lagged somewhat behind, together accounting for a further 23%.

What are the leading suppliers of furnace burners for liquid fuel to Kuwait?

In value terms, the largest liquid fuel furnace burner suppliers to Kuwait were Germany, Japan and Italy, with a combined 83% share of total imports.

What are the leading importers of furnace burners for liquid fuel from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for liquid fuel furnace burner exports from Kuwait, comprising 95% of total exports. The second position in the ranking was occupied by Saudi Arabia $590), with a 1.1% share of total exports.

What is the average export price for furnace burners for liquid fuel in Kuwait?

The average liquid fuel furnace burner export price stood at $16,672 per ton in 2021, leveling off at the previous year.

What is the average import price for furnace burners for liquid fuel in Kuwait?

In 2021, the average liquid fuel furnace burner import price amounted to $21,380 per ton, surging by 5.6% against the previous year.

This report provides an in-depth analysis of the market for liquid fuel furnace burner 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 28211130 - Furnace burners for liquid fuel

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