Kuwait: Disperse Dye Market 2024

Disperse Dye Market Size in Kuwait

The Kuwaiti disperse dye market shrank remarkably to $X in 2021, waning by -45.1% against the previous year. Overall, consumption recorded a mild downturn. Disperse dye consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Disperse Dye Production in Kuwait

In value terms, disperse dye production stood at $X in 2021 estimated in export price. Over the period under review, production showed a measured expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 159% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Disperse Dye Exports

Exports from Kuwait

In 2021, the amount of disperse dyes and preparations based thereon exported from Kuwait surged to X tons, growing by 80% compared with 2020 figures. In general, exports recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of 959%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, disperse dye exports skyrocketed to $X in 2021. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 457%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons), Syrian Arab Republic (X tons) and Oman (X tons) were the main destinations of disperse dye exports from Kuwait, together comprising 57% of total exports. These countries were followed by Saudi Arabia, Jordan, the United Arab Emirates and Qatar, which together accounted for a further 40%.

From 2012 to 2021, 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 +79.8%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Jordan ($X) and Saudi Arabia ($X) constituted the largest markets for disperse dye exported from Kuwait worldwide, with a combined 61% share of total exports. Oman, the United Arab Emirates, Syrian Arab Republic and Qatar lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +92.1%, recorded 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 disperse dye export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 28%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Oman (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Disperse Dye Imports

Imports into Kuwait

After two years of growth, overseas purchases of disperse dyes and preparations based thereon decreased by -77.2% to X tons in 2021. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 385% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, disperse dye imports shrank remarkably to $X in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 354%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of disperse dye to Kuwait, with a 83% share of total imports. Moreover, disperse dye imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Egypt (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-21.2% per year) and Egypt (+9.9% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of disperse dyes and preparations based thereon to Kuwait, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.1% share of total imports. It was followed by Egypt, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-17.6% per year) and Egypt (+7.9% per year).

Import Prices by Country

The average disperse dye import price stood at $X per ton in 2021, jumping by 44% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Belgium ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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