Kuwait - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Heating Radiator Price in Kuwait - 2022
Contents:
- Electric Heating Radiator Price in Kuwait (CIF) - 2022
- Electric Heating Radiator Price in Kuwait (FOB) - 2022
- Electric Heating Radiator Imports in Kuwait
- Electric Heating Radiator Exports in Kuwait
Electric Heating Radiator Price in Kuwait (CIF) - 2022
The average electric heating radiator import price stood at $57 per unit in 2022, shrinking by -38.7% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 97%. The import price peaked at $121 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Jordan ($63 per unit), while the price for China ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+36.6%), while the prices for the other major suppliers experienced a decline.
Electric Heating Radiator Price in Kuwait (FOB) - 2022
In 2022, the average electric heating radiator export price amounted to $52 per unit, increasing by 58% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 357% against the previous year. Over the period under review, the average export prices hit record highs at $104 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($70 per unit), while the average price for exports to Egypt stood at $44 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+96.5%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Radiator Imports in Kuwait
In 2022, imports of electric storage heating radiators into Kuwait soared to 2.7K units, increasing by 135% compared with 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 710% against the previous year. As a result, imports attained the peak of 4.3K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric heating radiator imports skyrocketed to $157K in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 636% against the previous year. As a result, imports attained the peak of $205K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Electric Heating Radiator in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jordan | 18.4 | 78.2 | 66.3 | 86.7 | 67.6% |
Norway | N/A | N/A | N/A | 37.8 | 0% |
United Arab Emirates | 5.3 | 41.7 | 2.2 | 15.4 | 42.7% |
China | 2.9 | 21.7 | 0.2 | 10.6 | 54.0% |
Russia | N/A | 58.9 | 17.2 | N/A | -70.8% |
Others | 1.2 | 4.4 | 23.4 | 6.6 | 76.5% |
Total | 27.8 | 205 | 109 | 157 | 78.1% |
Top Suppliers of Electric Heating Radiator to Kuwait in 2022:
- Jordan (1367.0 units)
- Norway (596.0 units)
- China (464.0 units)
- United Arab Emirates (275.0 units)
Electric Heating Radiator Exports in Kuwait
In 2022, overseas shipments of electric storage heating radiators decreased by 0% to 6 units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 100% against the previous year. As a result, the exports reached the peak of 18 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, electric heating radiator exports soared to $313 in 2022. Overall, exports saw a precipitous curtailment. Over the period under review, the exports hit record highs at $658 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Electric Heating Radiator in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 18.0 | 3.0 | 97.0 | 174 | 113.0% |
Saudi Arabia | 640 | 355 | 101 | 139 | -39.9% |
Lebanon | N/A | 70.0 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 658 | 428 | 198 | 313 | -21.9% |
Top Export Markets for Electric Heating Radiator from Kuwait in 2022:
- Egypt (4.0 units)
- Saudi Arabia (2.0 units)
This report provides an in-depth analysis of the electric heating radiator 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:
- Prodcom 27512630 - Electric storage heating radiators
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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