Kuwait: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Kuwait

The Kuwaiti chloride oxides of metal market declined slightly to $X in 2021, which is down by -3.9% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Kuwait

In value terms, chloride oxides of metal production reduced to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase 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, production increased by +6.1% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 60%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Kuwait

In 2021, overseas shipments of chloride oxides and chloride hydroxides of copper and other metals decreased by -0.4% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 77%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, chloride oxides of metal exports rose remarkably to $X in 2021. In general, exports showed a precipitous setback. The growth pace was the most rapid in 2017 when exports increased by 41%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for chloride oxides of metal exports from Kuwait, with a 72% share of total exports. Moreover, chloride oxides of metal exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Bahrain amounted to -10.1%.

In value terms, Bahrain ($X) and the United Arab Emirates ($X) were the largest markets for chloride oxides of metal exported from Kuwait worldwide.

Bahrain, with a CAGR of -14.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average chloride oxides of metal export price amounted to $X per ton, increasing by 9.2% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-4.9%).

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Kuwait

In 2021, overseas purchases of chloride oxides and chloride hydroxides of copper and other metals increased by 80% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by 5,171% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, chloride oxides of metal imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2016 with an increase of 7,130%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest chloride oxides of metal supplier to Kuwait, with a 75% share of total imports. Moreover, chloride oxides of metal imports from the UK exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), ninefold. The third position in this ranking was taken by Spain (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +144.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-14.5% per year) and Spain (+17.8% per year).

In value terms, the UK ($X), Spain ($X) and Turkey ($X) constituted the largest chloride oxides of metal suppliers to Kuwait, together comprising 89% of total imports.

Among the main suppliers, the UK, with a CAGR of +67.9%, saw the highest growth rate of 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

The average chloride oxides of metal import price stood at $X per ton in 2021, falling by -23.6% against the previous year. In general, the import price, however, continues to indicate a measured increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 49%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Saudi Arabia ($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 Arab Emirates (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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