Kuwait: Acrylic Polymer Market 2025

Acrylic Polymer Market Size in Kuwait

The Kuwaiti acrylic polymer market rose markedly to $X in 2022, with an increase of X% 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). Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Acrylic polymer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Acrylic Polymer Exports

Exports from Kuwait

In 2022, approx. X tons of acrylic polymers (in primary forms) were exported from Kuwait; increasing by X% compared with the previous year's figure. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, acrylic polymer exports soared to $X in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and Malaysia (X tons) were the main destinations of acrylic polymer exports from Kuwait, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic polymer exported from Kuwait were Qatar ($X), Saudi Arabia ($X) and Oman ($X), with a combined X% share of total exports. Jordan, the United Arab Emirates, Egypt and Malaysia lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acrylic polymer export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Oman ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced mixed trend patterns.

Acrylic Polymer Imports

Imports into Kuwait

In 2022, acrylic polymer imports into Kuwait surged to X tons, with an increase of X% on 2021. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, acrylic polymer imports rose sharply to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of acrylic polymer imports to Kuwait, with a combined X% share of total imports. South Korea, Saudi Arabia, China, France, the UK, Turkey, Thailand, Italy and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest acrylic polymer suppliers to Kuwait, with a combined X% share of total imports. South Korea, China, France, Saudi Arabia, Italy, the UK, Turkey, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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