Report Update Nov 1, 2024

Kuwait - Iron or Steel Solid Fuel Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Kuwait

After three years of growth, the Kuwaiti metal solid fuel appliances market decreased by -29.4% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Kuwait

In 2022, the amount of iron or steel solid fuel domestic appliances exported from Kuwait surged to X units, picking up by 350% compared with the previous year's figure. Over the period under review, exports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2019 with an increase of 650%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 940% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for metal solid fuel appliances exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at -2.8%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, jumping by 25% against the previous year. Overall, the export price recorded pronounced growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +82.9% per year.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Kuwait

Metal solid fuel appliances imports into Kuwait fell dramatically to X units in 2022, waning by -27.7% on 2021. In general, imports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of 336% against the previous year. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, metal solid fuel appliances imports reduced rapidly to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 when imports increased by 170%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X units) was the main metal solid fuel appliances supplier to Kuwait, accounting for a 99% share of total imports. It was followed by India (X units), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.5%.

In value terms, China ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Kuwait, comprising 89% of total imports. The second position in the ranking was taken by India ($X), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.4%.

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, with a decrease of -5.3% against the previous year. Over the period under review, the import price recorded a pronounced decline. The growth pace was the most rapid in 2014 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel solid fuel domestic appliances in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 56% of global consumption. The UK, Russia, Germany, Mexico, the Netherlands, South Korea and Canada lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of iron or steel solid fuel domestic appliances in the world?

China remains the largest metal solid fuel appliances producing country worldwide, accounting for 51% of total volume. Moreover, metal solid fuel appliances production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Russia, with a 5.4% share.

What are the leading suppliers of iron or steel solid fuel domestic appliances to Kuwait?

In value terms, China constituted the largest supplier of metal solid fuel appliances to Kuwait, comprising 55% of total imports. The second position in the ranking was occupied by India, with an 8.6% share of total imports. It was followed by Turkey, with a 5% share.

What are the leading importers of iron or steel solid fuel domestic appliances from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for metal solid fuel appliances exports from Kuwait.

What is the average export price for iron or steel solid fuel domestic appliances in Kuwait?

The average metal solid fuel appliances export price stood at $195 per unit in 2021, increasing by 44% against the previous year.

What is the average import price for iron or steel solid fuel domestic appliances in Kuwait?

In 2021, the average metal solid fuel appliances import price amounted to $37 per unit, with a decrease of -13.1% against the previous year.

This report provides an in-depth analysis of the market for metal solid fuel appliances 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 27521270 - Iron or steel solid fuel domestic appliances, including heaters, g rates, fires and braziers (excluding cooking appliances and plate warmers)

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