Kuwait: Abs Copolymers Market 2024

Abs Copolymers Market Size in Kuwait

In 2021, after two years of decline, there was significant growth in the Kuwaiti ABS copolymers market, when its value increased by 6.9% to $X. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2018 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Abs Copolymers Production in Kuwait

In value terms, ABS copolymers production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Abs Copolymers Exports

Exports from Kuwait

In 2016, shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by 0% to X tons, falling for the second year in a row after three years of growth. In general, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 74% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

In value terms, ABS copolymers exports stood at $X in 2016. Over the period under review, exports saw a sharp decline. The pace of growth appeared the most rapid in 2013 when exports increased by 76%. The exports peaked at $X in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for ABS copolymers exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Saudi Arabia was relatively modest.

From 2012 to 2016, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2016, the average ABS copolymers export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price faced a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2016, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2016, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Abs Copolymers Imports

Imports into Kuwait

In 2021, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 387% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 618%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, ABS copolymers imports skyrocketed to $X in 2021. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of ABS copolymers to Kuwait, with a 64% share of total imports. Moreover, ABS copolymers imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. India (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +76.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.6% per year) and India (+29.3% per year).

In value terms, the United States ($X) constituted the largest supplier of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to Kuwait, comprising 89% of total imports. The second position in the ranking was held by the UK ($X), with a 5.1% share of total imports. It was followed by India, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +82.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-6.6% per year) and India (+47.8% per year).

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, jumping by 89% against the previous year. In general, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Taiwan (Chinese) ($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 UK (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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