Kuwait: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Kuwait

In 2022, the Kuwaiti halogenated hydrocarbon derivative market increased by 7.7% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Halogenated hydrocarbon derivative consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports from Kuwait

Halogenated hydrocarbon derivative exports from Kuwait declined significantly to X tons in 2022, which is down by -44.2% compared with the previous year's figure. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 907% against the previous year. The exports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, halogenated hydrocarbon derivative exports shrank notably to $X in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 731% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Oman (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Kuwait, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +112.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Kuwait were Qatar ($X), the United Arab Emirates ($X) and Bahrain ($X), together comprising 93% of total exports.

Bahrain, with a CAGR of +144.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Oman ($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 Bahrain (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Kuwait

In 2022, after two years of decline, there was significant growth in purchases abroad of halogenated derivatives of hydrocarbons, when their volume increased by 12% to X tons. In general, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 14% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports expanded to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 27%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Kuwait, together accounting for 83% of total imports. Oman, Italy, Germany, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the United States ($X) were the largest halogenated hydrocarbon derivative suppliers to Kuwait, with a combined 87% share of total imports.

In terms of the main suppliers, India, with a CAGR of +19.8%, saw the highest rates of growth with regard to 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 halogenated hydrocarbon derivative import price stood at $X per ton in 2022, declining by -7.9% against the previous year. In general, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood 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 ($X per ton), while the price for Oman ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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