Kuwait: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Kuwait

In 2021, the Kuwaiti calcium carbonate market decreased by -65.6% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed a mild increase. Calcium carbonate consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Calcium Carbonate Exports

Exports from Kuwait

In 2021, calcium carbonate exports from Kuwait skyrocketed to X tons, growing by 460% against the previous year. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcium carbonate exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for calcium carbonate exports from Kuwait, with a 77% share of total exports. Moreover, calcium carbonate exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-8.7% per year) and Bahrain (-18.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for calcium carbonate exports from Kuwait, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-16.5% per year) and Bahrain (-6.5% per year).

Export Prices by Country

The average calcium carbonate export price stood at $X per ton in 2021, picking up by 6.6% against the previous year. Overall, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 129%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Iraq (+77.5%), while the prices for the other major destinations experienced mixed trend patterns.

Calcium Carbonate Imports

Imports into Kuwait

In 2021, purchases abroad of calcium carbonate decreased by -66.7% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 219%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, calcium carbonate imports reduced rapidly to $X in 2021. In general, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 166%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) was the main calcium carbonate supplier to Kuwait, with a 449% share of total imports. Moreover, calcium carbonate imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Jordan (X tons), sixfold. The third position in this ranking was held by Vietnam (X tons), with a 25% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+25.6% per year) and Vietnam (+99.1% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of calcium carbonate to Kuwait, comprising 369% of total imports. The second position in the ranking was taken by Jordan ($X), with a 77% share of total imports. It was followed by Vietnam, with a 28% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+25.1% per year) and Vietnam (+79.0% per year).

Import Prices by Country

In 2021, the average calcium carbonate import price amounted to $X per ton, picking up by 4.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8.6% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and Egypt ($X per ton), while the price for Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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