Report Update Nov 1, 2024

Kuwait - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Kuwait

The Kuwaiti tall oil fatty acids market rose markedly to $X in 2021, picking up by 8.8% against the previous year. Overall, consumption saw a strong expansion. Tall oil fatty acids consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Industrial Tall Oil Fatty Acids in Kuwait

In value terms, tall oil fatty acids production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 48% against the previous year. Tall oil fatty acids production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of industrial tall oil fatty acids, which decreased by -20% to X tons in 2020. Over the period under review, exports showed a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by 553%. As a result, the exports attained the peak of X tons. From 2015 to 2020, the growth of the exports remained at a lower figure.

In value terms, tall oil fatty acids exports contracted markedly to $X in 2020. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 371%. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for tall oil fatty acids exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2020, the average tall oil fatty acids export price amounted to $X per ton, picking up by 1.9% against the previous year. Overall, the export price posted significant growth. The growth pace was the most rapid in 2018 an increase of 62%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2020, the average export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Syrian Arab Republic amounted to -17.8% per year.

Imports of Industrial Tall Oil Fatty Acids

Imports into Kuwait

In 2021, tall oil fatty acids imports into Kuwait soared to X tons, growing by 88% compared with the year before. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 460%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, tall oil fatty acids imports surged to $X in 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 397%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of tall oil fatty acids to Kuwait, accounting for a 37% share of total imports. Moreover, tall oil fatty acids imports from Spain exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+14.1% per year) and the United Arab Emirates (+15.7% per year).

In value terms, Spain ($X) constituted the largest supplier of industrial tall oil fatty acids to Kuwait, comprising 40% of total imports. The second position in the ranking was held by Finland ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.9% per year) and the United Arab Emirates (+11.0% per year).

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, surging by 21% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids consumption in 2020 were Sweden, the United States and Germany, with a combined 25% share of global consumption. China, Mexico, Italy, Russia, India, Belgium, Poland, Turkey, the Netherlands and Finland lagged somewhat behind, together comprising a further 35%.

What are the largest producers of industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids production in 2020 were the United States, Finland and Sweden, together accounting for 78% of global production. France, the Netherlands, Austria and New Zealand lagged somewhat behind, together comprising a further 15%.

What are the leading suppliers of industrial tall oil fatty acids to Kuwait?

In value terms, the largest tall oil fatty acids suppliers to Kuwait were Egypt, Finland and Malaysia, together comprising 96% of total imports.

What is the average export price for industrial tall oil fatty acids in Kuwait?

The average tall oil fatty acids export price stood at $2,100 per ton in 2020, which is down by -8.8% against the previous year.

What is the average import price for industrial tall oil fatty acids in Kuwait?

In 2020, the average tall oil fatty acids import price amounted to $1,569 per ton, which is down by -8.8% against the previous year.

This report provides an in-depth analysis of the market for tall oil fatty acids in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143150 - Industrial tall oil fatty acids

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023