Kuwait: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Kuwait

In 2021, the Kuwaiti anti-freezing preparations market decreased by -0.6% to $X, falling for the third year in a row after seven years of growth. Overall, consumption recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Anti-Freezing Preparations Production in Kuwait

In value terms, anti-freezing preparations production rose to $X in 2021 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Anti-Freezing Preparations Exports

Exports from Kuwait

After two years of growth, overseas shipments of anti-freezing preparations and prepared de-icing fluids decreased by -49.6% to X tons in 2021. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 630% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, anti-freezing preparations exports dropped rapidly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 1,004% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Jordan (X tons) was the main destination for anti-freezing preparations exports from Kuwait, with a 43% share of total exports. Moreover, anti-freezing preparations exports to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Qatar (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jordan amounted to -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+2.1% per year) and Qatar (-4.4% per year).

In value terms, Jordan ($X), Qatar ($X) and the United Arab Emirates ($X) were the largest markets for anti-freezing preparations exported from Kuwait worldwide, with a combined 78% share of total exports. Singapore, Lebanon and Egypt lagged somewhat behind, together accounting for a further 19%.

Lebanon, with a CAGR of -4.2%, 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 a decline.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, growing by 10% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 71% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+10.2%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Kuwait

In 2021, purchases abroad of anti-freezing preparations and prepared de-icing fluids decreased by -40.6% to X tons, falling for the second consecutive year after three years of growth. In general, imports showed a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, anti-freezing preparations imports shrank dramatically to $X in 2021. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 63% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the United Arab Emirates (X tons) and Belgium (X tons) were the main suppliers of anti-freezing preparations imports to Kuwait, with a combined 37% share of total imports. These countries were followed by the United States, Japan, France and Saudi Arabia, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to Kuwait were Germany ($X), the United Arab Emirates ($X) and the United States ($X), together accounting for 45% of total imports. Belgium, Japan, France and Saudi Arabia lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, France, with a CAGR of +28.7%, saw the highest rates of growth with regard to 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

In 2021, the average anti-freezing preparations import price amounted to $X per ton, falling by -6.6% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 8.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Japan ($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 States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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