Report Update Nov 1, 2024

Kuwait - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Wood Fuel Market 2024

Wood Fuel Market Size in Kuwait

The Kuwaiti wood fuel market dropped to $X in 2022, waning by -14.1% against the previous year. Overall, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wood Fuel Production in Kuwait

In value terms, wood fuel production fell to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 73% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Wood Fuel Exports

Exports from Kuwait

After two years of decline, overseas shipments of wood fuel decreased by 0% to X cubic meters in 2021. In general, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2016 when exports increased by 231%. As a result, the exports reached the peak of X cubic meters. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood fuel exports totaled $X in 2021. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 289%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X cubic meters) was the main destination for wood fuel exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Bahrain totaled +27.5%.

From 2013 to 2021, the average annual growth rate of value to Bahrain amounted to +64.5%.

Export Prices by Country

The average wood fuel export price stood at $X per cubic meter in 2021, approximately mirroring the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 257%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2013 to 2021, the rate of growth in terms of prices for Qatar amounted to +556.6% per year.

Wood Fuel Imports

Imports into Kuwait

Wood fuel imports into Kuwait reduced notably to X cubic meters in 2022, waning by -50.4% on the previous year. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 208%. As a result, imports attained the peak of X cubic meters, and then fell dramatically in the following year.

In value terms, wood fuel imports dropped dramatically to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 224% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, South Africa (X cubic meters) constituted the largest wood fuel supplier to Kuwait, accounting for a 37% share of total imports. Moreover, wood fuel imports from South Africa exceeded the figures recorded by the second-largest supplier, Egypt (X cubic meters), threefold. The third position in this ranking was held by Ukraine (X cubic meters), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+48.5% per year) and Ukraine (+55.8% per year).

In value terms, South Africa ($X) constituted the largest supplier of wood fuel to Kuwait, comprising 41% of total imports. The second position in the ranking was held by Egypt ($X), with a 12% share of total imports. It was followed by Estonia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+53.7% per year) and Estonia (+11.1% per year).

Import Prices by Country

In 2022, the average wood fuel import price amounted to $X per cubic meter, surging by 22% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 134%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+18.8%), 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 wood fuel in the world?

The countries with the highest volumes of wood fuel consumption in 2021 were India, China and Brazil, with a combined 30% share of global consumption. These countries were followed by Ethiopia, Democratic Republic of the Congo, Nigeria, the United States, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan, which together accounted for a further 30%.

What are the largest producers of wood fuel in the world?

The countries with the highest volumes of wood fuel production in 2021 were India, China and Brazil, together comprising 30% of global production. Ethiopia, Democratic Republic of the Congo, Nigeria, the United States, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of wood fuel to Kuwait?

In value terms, the largest wood fuel suppliers to Kuwait were Estonia, Ukraine and Egypt, with a combined 64% share of total imports.

What are the leading importers of wood fuel from Kuwait?

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

What is the average export price for wood fuel in Kuwait?

The average wood fuel export price stood at $289 per cubic meter in 2017, rising by 103% against the previous year.

What is the average import price for wood fuel in Kuwait?

In 2021, the average wood fuel import price amounted to $153 per cubic meter, declining by -9.9% against the previous year.

This report provides an in-depth analysis of the wood fuel 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:

FCL 1627 - Wood fuel, coniferous (production)
FCL 1628 - Wood fuel, non-coniferous (production)

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