Kuwait: Alcohols Market 2021

Alcohols Market Size in Kuwait

The Kuwaiti alcohols market dropped to $X in 2020, reducing by -X% against the previous year. In general, the total consumption indicated mild growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Alcohols Production in Kuwait

In value terms, alcohols production dropped sharply to $X in 2020 estimated in export prices. Overall, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Alcohols Exports

Exports from Kuwait

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Exports peaked at X tons in 2019, and then dropped markedly in the following year.

In value terms, alcohols exports shrank notably to $X in 2020. Overall, exports, however, continue to indicate a measured increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

China (X tons), India (X tons) and Oman (X tons) were the main destinations of alcohols exports from Kuwait, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alcohols exported from Kuwait were China ($X), India ($X) and Oman ($X), with a combined X% share of total exports.

China recorded the highest rates of growth with regard to the value of exports, among 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 alcohols export price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Pakistan ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Kuwait

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Kuwait; waning by -X% compared with the previous year's figure. Overall, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, alcohols imports reduced slightly to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Saudi Arabia (X tons) constituted the largest supplier of alcohols to Kuwait, with a X% share of total imports. Moreover, alcohols imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Saudi Arabia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China (-X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, approximately equating the previous year. In general, the import price showed a temperate expansion. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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