Kuwait: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Kuwait

The Kuwaiti market for chromium, manganese, lead and copper oxides and hydroxides rose remarkably to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from Kuwait

Exports of chromium, manganese, lead and copper oxides and hydroxides from Kuwait skyrocketed to X tons in 2022, rising by X% on the previous year's figure. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides contracted modestly to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Oman (X tons) were the main destinations of exports of chromium, manganese, lead and copper oxides and hydroxides from Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for chromium, manganese, lead and copper oxides and hydroxides exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Qatar (X% per year).

Export Prices by Country

The average export price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced a decline.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into Kuwait

In 2022, imports of chromium, manganese, lead and copper oxides and hydroxides into Kuwait rose rapidly to X tons, with an increase of X% against the year before. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides amounted to $X in 2022. Over the period under review, imports, however, showed a noticeable slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of chromium, manganese, lead and copper oxide and hydroxide to Kuwait, with a X% share of total imports. Moreover, imports of chromium, manganese, lead and copper oxides and hydroxides from the United States exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Norway (X% per year).

In value terms, the United States ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Canada (X% per year).

Import Prices by Country

The average import price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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