Kuwait: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Kuwait

In 2022, after two years of decline, there was significant growth in the Kuwaiti hypochlorites, chlorites and hypobromites market, when its value increased by 23% to $X. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Kuwait

In value terms, hypochlorites, chlorites and hypobromites production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Kuwait

In 2022, the amount of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites exported from Kuwait contracted significantly to X tons, reducing by -92.4% compared with the year before. Over the period under review, exports saw a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 124%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, hypochlorites, chlorites and hypobromites exports shrank sharply to $X in 2022. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of hypochlorites, chlorites and hypobromites exports from Kuwait, with a combined 84% share of total exports. Bahrain, Jordan and Oman lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of -4.8%), while shipments for the other leaders experienced a decline.

In value terms, Qatar ($X), Iraq ($X) and Jordan ($X) appeared to be the largest markets for hypochlorites, chlorites and hypobromites exported from Kuwait worldwide, together accounting for 85% of total exports.

Jordan, with a CAGR of -9.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites export price amounted to $X per ton, surging by 68% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external 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 Jordan (+11.5%), while the prices for the other major destinations experienced a decline.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Kuwait

Hypochlorites, chlorites and hypobromites imports into Kuwait dropped dramatically to X tons in 2022, reducing by -79.3% against the previous year. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 209%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, hypochlorites, chlorites and hypobromites imports dropped notably to $X in 2022. In general, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2013 with an increase of 120%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of hypochlorites, chlorites and hypobromites imports to Kuwait, with a combined 80% share of total imports. India, the United States, South Korea and Germany lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites to Kuwait, comprising 72% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and Germany (+3.6% per year).

Import Prices by Country

The average hypochlorites, chlorites and hypobromites import price stood at $X per ton in 2022, surging by 101% against the previous year. Overall, the import price enjoyed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Saudi Arabia ($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 United Arab Emirates (+34.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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