Report Update Nov 1, 2024

Kuwait - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Acetic Acid Market 2024

Acetic Acid Market Size in Kuwait

In 2021, the Kuwaiti acetic acid market decreased by -5.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Acetic Acid Production in Kuwait

In value terms, acetic acid production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 37%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Acetic Acid Exports

Exports from Kuwait

In 2018, after two years of decline, there was decline in shipments abroad of acetic acid, when their volume decreased by 0% to X tons. Overall, exports showed significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2018 and are expected to retain growth in the immediate term.

In value terms, acetic acid exports amounted to $X in 2018. In general, exports showed significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the peak figure in 2018 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for acetic acid exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2012 to 2018, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2018, the average acetic acid export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 a decrease of 99.9% against the previous year. The export price peaked in 2018 and is expected to retain growth in the immediate term.

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

From 2012 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Acetic Acid Imports

Imports into Kuwait

In 2021, imports of acetic acid into Kuwait stood at X tons, rising by 2.6% on 2020 figures. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 99% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, acetic acid imports surged to $X in 2021. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of acetic acid to Kuwait, accounting for a 74% share of total imports. Moreover, acetic acid imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and India (-6.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of acetic acid to Kuwait, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 6.5% share of total imports. It was followed by the United Arab Emirates, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and the United Arab Emirates (+21.9% per year).

Import Prices by Country

The average acetic acid import price stood at $X per ton in 2021, with an increase of 78% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetic acid import price increased by +79.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetic acid in the world?

India remains the largest acetic acid consuming country worldwide, accounting for 34% of total volume. Moreover, acetic acid consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 5.4% share.

What are the largest producers of acetic acid in the world?

The countries with the highest volumes of acetic acid production in 2021 were China, the United States and Malaysia, together accounting for 58% of global production. The UK, Taiwan Chinese), Russia, South Korea, Singapore, Saudi Arabia, Japan, Iran and Serbia lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of acetic acid to Kuwait?

In value terms, Saudi Arabia constituted the largest supplier of acetic acid to Kuwait, comprising 46% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by the United Arab Emirates, with a 7.8% share.

What is the average export price for acetic acid in Kuwait?

In 2018, the average acetic acid export price amounted to $409 per ton, stabilizing at the previous year.

What is the average import price for acetic acid in Kuwait?

In 2021, the average acetic acid import price amounted to $778 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the acetic acid 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 20143271 - Acetic acid

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