Kuwait: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Kuwait

After two years of growth, the Kuwaiti market for inorganic oxygen compounds of non-metals decreased by -10.9% to $X in 2021. In general, consumption, however, enjoyed a prominent expansion. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Kuwait

In value terms, inorganic oxygen compounds of non-metals production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 77%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Kuwait

In 2021, the amount of inorganic oxygen compounds of non-metals exported from Kuwait shrank sharply to X tons, dropping by -16.6% against 2020. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 2,197% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports contracted sharply to $X in 2021. Over the period under review, exports recorded a slight decline. The pace of growth was the most pronounced in 2015 when exports increased by 1,102% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then reduced sharply in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Kuwait, accounting for a 49% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was held by Jordan (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-4.3% per year) and Jordan (-8.1% per year).

In value terms, the largest markets for inorganic oxygen compounds of non-metals exported from Kuwait were Qatar ($X), Bahrain ($X) and the United Arab Emirates ($X), together accounting for 88% of total exports.

Among the main countries of destination, Qatar, with a CAGR of +22.6%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, waning by -7.8% against the previous year. Over the period under review, the export price saw a mild decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Kuwait

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were imported into Kuwait; growing by 32% on 2020. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 132% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 135% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest inorganic oxygen compounds of non-metals supplier to Kuwait, accounting for a 68% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. The third position in this ranking was held by Austria (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+155.5% per year) and Austria (+7.0% per year).

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Kuwait were Saudi Arabia ($X), China ($X) and the United Arab Emirates ($X), with a combined 83% share of total imports.

The United Arab Emirates, with a CAGR of +66.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2013 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 Saudi Arabia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+33.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :