Kuwait: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in Kuwait

The Kuwaiti non-electric air heater market surged to $X in 2022, growing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Non-Electric Air Heater Exports

Exports from Kuwait

In 2022, the amount of non-electric air heaters or hot air distributors exported from Kuwait fell sharply to X units, which is down by -35.5% compared with the previous year. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 244% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-electric air heater exports shrank markedly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 293% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for non-electric air heater exports from Kuwait, accounting for a 64% share of total exports. Moreover, non-electric air heater exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X units), fourfold. Bahrain (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+25.4% per year) and Bahrain (+31.8% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for non-electric air heaters or hot air distributors exports from Kuwait, comprising 71% of total exports. The second position in the ranking was taken by Iran ($X), with a 14% share of total exports. It was followed by Bahrain, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+46.0% per year) and Bahrain (+35.8% per year).

Export Prices by Country

In 2022, the average non-electric air heater export price amounted to $X per unit, waning by -2.8% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric air heater export price increased by +55.2% against 2016 indices. The growth pace was the most rapid in 2014 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Air Heater Imports

Imports into Kuwait

In 2022, the amount of non-electric air heaters or hot air distributors imported into Kuwait expanded rapidly to X units, with an increase of 8.9% against the previous year. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 87% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric air heater imports soared to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Italy (X units) were the main suppliers of non-electric air heater imports to Kuwait, together comprising 51% of total imports. Lebanon, the United States, the United Arab Emirates, Ukraine, the UK, Canada, the Netherlands, Australia, Finland and Spain lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric air heater suppliers to Kuwait were Italy ($X), China ($X) and Japan ($X), together accounting for 35% of total imports. The United States, Canada, the UK, Lebanon, the United Arab Emirates, Ukraine, Finland, the Netherlands, Australia and Spain lagged somewhat behind, together accounting for a further 45%.

In terms of the main suppliers, Lebanon, with a CAGR of +47.3%, 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 non-electric air heater import price stood at $X per unit in 2022, increasing by 9.4% against the previous year. In general, the import price, however, showed a noticeable setback. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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