Kuwait: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Kuwait

For the third consecutive year, the Kuwaiti wood fuel (non-coniferous) market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, the total consumption indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Wood fuel (non-coniferous) consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Wood Fuel (Non-Coniferous) Production in Kuwait

In value terms, wood fuel (non-coniferous) production soared to $X in 2020 estimated in export prices. Overall, production posted a prominent expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Wood fuel (non-coniferous) production peaked at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Wood Fuel (Non-Coniferous) Exports

Exports from Kuwait

In 2020, wood fuel (non-coniferous) exports from Kuwait shrank markedly to X cubic meters, with a decrease of -X% compared with the previous year's figure. Overall, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at X cubic meters in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports skyrocketed to $X in 2020. In general, exports posted noticeable growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Oman (X cubic meters), Qatar (X cubic meters) and Saudi Arabia (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Kuwait, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Oman, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by Oman ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Qatar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Overall, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to Oman ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Kuwait

In 2020, the amount of wood fuel (non-coniferous) imported into Kuwait dropped rapidly to X cubic meters, with a decrease of -X% compared with 2019. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X cubic meters in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports declined significantly to $X in 2020. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Switzerland (X cubic meters) constituted the largest wood fuel (non-coniferous) supplier to Kuwait, accounting for a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from Switzerland exceeded the figures recorded by the second-largest supplier, Egypt (X cubic meters), fourfold. The third position in this ranking was occupied by the U.S. (X cubic meters), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Switzerland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and the U.S. (+X% per year).

In value terms, the largest wood fuel (non-coniferous) suppliers to Kuwait were Brazil ($X), Switzerland ($X) and the U.S. ($X), together accounting for X% of total imports.

Among the main suppliers, Switzerland (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, which is down by -X% against the previous year. In general, import price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2019, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Brazil ($X per cubic meter), while the price for Switzerland ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform