Kuwait: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Kuwait

The Kuwaiti cyclic hydrocarbons market declined to $X in 2022, reducing by X% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Cyclic Hydrocarbons Production in Kuwait

In value terms, cyclic hydrocarbons production shrank to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Cyclic hydrocarbons production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Kuwait

In 2022, exports of cyclic hydrocarbons from Kuwait reduced to X tons, with a decrease of X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, cyclic hydrocarbons exports fell rapidly to $X in 2022. In general, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), India (X tons) and Turkey (X tons) were the main destinations of cyclic hydrocarbons exports from Kuwait, with a combined X% share of total exports. The United States, Hong Kong SAR and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Turkey ($X) constituted the largest markets for cyclic hydrocarbons exported from Kuwait worldwide, together comprising X% of total exports. The United States, Hong Kong SAR and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2021 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 failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Turkey ($X per ton), while the average price for exports to China ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports into Kuwait

Cyclic hydrocarbons imports into Kuwait reduced to X tons in 2022, declining by X% on the previous year. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports contracted markedly to $X in 2022. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of cyclic hydrocarbons to Kuwait, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cyclic hydrocarbons to Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%.

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to X% per year.

Source: IndexBox Platform

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