Kuwait: Market for Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations 2024

Market Size for Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations in Kuwait

In 2021, the Kuwaiti artificial and colloidal graphite market decreased by -18.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Artificial and colloidal graphite consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations in Kuwait

In value terms, artificial and colloidal graphite production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 38%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations

Exports from Kuwait

In 2021, the amount of artificial graphite, colloidal, semi-colloidal graphite and preparations exported from Kuwait reached X tons, surging by 13% against the previous year's figure. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 4,449%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, artificial and colloidal graphite exports expanded rapidly to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 2,732% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for artificial and colloidal graphite exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +121.3%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for artificial graphite, colloidal, semi-colloidal graphite and preparations exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +61.2%.

Export Prices by Country

The average artificial and colloidal graphite export price stood at $X per ton in 2021, waning by -5.8% against the previous year. Over the period under review, the export price continues to indicate a dramatic descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -14.9% per year.

Imports of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations

Imports into Kuwait

In 2021, supplies from abroad of artificial graphite, colloidal, semi-colloidal graphite and preparations decreased by -11.9% to X tons, falling for the third consecutive year after four years of growth. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 82%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, artificial and colloidal graphite imports contracted slightly to $X in 2021. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 100% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of artificial and colloidal graphite to Kuwait, accounting for a 78% share of total imports. Moreover, artificial and colloidal graphite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The United States (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and the United States (-1.8% per year).

In value terms, India ($X) constituted the largest supplier of artificial graphite, colloidal, semi-colloidal graphite and preparations to Kuwait, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.5% per year) and the United States (-0.1% per year).

Import Prices by Country

In 2021, the average artificial and colloidal graphite import price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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