Report Update Nov 1, 2024

Kuwait - Iron Oxides and Hydroxides - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Kuwait

The Kuwaiti iron oxide pigment market soared to $X in 2021, growing by 34% against the previous year. In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Iron Oxide Pigment Production in Kuwait

In value terms, iron oxide pigment production fell sharply to $X in 2021 estimated in export price. Overall, production showed a dramatic descent. Iron oxide pigment production peaked at $X in 2020, and then shrank remarkably in the following year.

Iron Oxide Pigment Exports

Exports from Kuwait

In 2021, after two years of growth, there was significant decline in overseas shipments of iron oxide pigments, when their volume decreased by -29.9% to X kg. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron oxide pigment exports reduced sharply to $X in 2021. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X kg) was the main destination for iron oxide pigment exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar stood at -37.4%.

In value terms, Qatar ($X) also remains the key foreign market for iron oxide pigments exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at -37.1%.

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Oman amounted to +33.5% per year.

Iron Oxide Pigment Imports

Imports into Kuwait

In 2021, purchases abroad of iron oxide pigments increased by 89% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 174% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, iron oxide pigment imports surged to $X in 2021. Over the period under review, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 203% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest iron oxide pigment supplier to Kuwait, with a 54% share of total imports. Moreover, iron oxide pigment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.2% per year) and South Korea (+44.4% per year).

In value terms, China ($X) constituted the largest supplier of iron oxide pigments to Kuwait, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by South Korea, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.8% per year) and South Korea (+42.5% per year).

Import Prices by Country

The average iron oxide pigment import price stood at $X per ton in 2021, increasing by 1.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments consumption in 2020 were China, Germany and the United States, together comprising 43% of global consumption. India, Mexico, Japan, Chile, Taiwan Chinese), Russia, Italy, France, Brazil and Poland lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments production in 2020 were China, Germany and India, with a combined 57% share of global production. Japan, Brazil, Chile, South Korea, Taiwan Chinese), France, Italy, Mauritania, Austria and Belgium lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of iron oxides and hydroxides to Kuwait?

In value terms, China constituted the largest supplier of iron oxide pigments to Kuwait, comprising 54% of total imports. The second position in the ranking was occupied by Germany, with a 23% share of total imports. It was followed by the UK, with a 5.9% share.

What are the leading importers of iron oxides and hydroxides from Kuwait?

In value terms, the largest markets for iron oxide pigments exported from Kuwait were Iraq and Qatar.

What is the average export price for iron oxides and hydroxides in Kuwait?

The average iron oxide pigments export price stood at $547 per ton in 2020, dropping by -54.3% against the previous year.

What is the average import price for iron oxides and hydroxides in Kuwait?

The average iron oxide pigments import price stood at $1,119 per ton in 2020, growing by 6.2% against the previous year.

This report provides an in-depth analysis of the iron oxide pigment market 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3

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