Kuwait: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Kuwait

The Kuwaiti market for bromides and bromide oxides, iodides and iodide oxides reduced modestly to $X in 2021, approximately equating the previous year. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +91.0% against 2019 indices. As a result, consumption reached the peak level of $X, leveling off in the following year.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Kuwait

In value terms, bromides, iodides and oxids thereof production declined significantly to $X in 2021 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 increased by +58.8% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Kuwait

In 2020, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were exported from Kuwait; picking up by 51% compared with the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,827%. The exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, bromides, iodides and oxids thereof exports fell modestly to $X in 2020. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 23%. The exports peaked at $X in 2019, and then fell modestly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for bromides, iodides and oxids thereof exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +51.2%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Kuwait.

From 2012 to 2020, the average annual rate of growth in terms of value to Saudi Arabia stood at -4.3%.

Export Prices by Country

In 2020, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, shrinking by -36.7% against the previous year. Over the period under review, the export price, however, recorded tangible growth. The growth pace was the most rapid in 2018 when the average export price increased by 29%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2020, the average export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Saudi Arabia amounted to -36.7% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Kuwait

In 2021, imports of bromides and bromide oxides, iodides and iodide oxides into Kuwait declined remarkably to X tons, which is down by -84.7% on the previous year's figure. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 747% against the previous year. 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, bromides, iodides and oxids thereof imports declined dramatically to $X in 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 242% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X kg), Germany (X kg) and China (X kg) were the main suppliers of bromides, iodides and oxids thereof imports to Kuwait, together accounting for 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +23.5%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to Kuwait, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.7% per year) and China (-13.3% per year).

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, rising by 49% against the previous year. Over the period under review, the import price posted a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 446% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($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 (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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