Kuwait: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Kuwait

In 2021, the Kuwaiti market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a slight downturn. Liquid air and distilled water consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Kuwait

In value terms, liquid air and distilled water production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Kuwait

Liquid air and distilled water exports from Kuwait skyrocketed to X tons in 2021, increasing by 31% against 2020. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2013 with an increase of 307%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, liquid air and distilled water exports expanded modestly to $X in 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 275% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Jordan (X tons) was the main destination for liquid air and distilled water exports from Kuwait, accounting for a 73% share of total exports. Moreover, liquid air and distilled water exports to Jordan exceeded the volume sent to the second major destination, Iraq (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Jordan amounted to +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+96.9% per year) and Egypt (-44.8% per year).

In value terms, Jordan ($X), Iraq ($X) and Egypt ($X) constituted the largest markets for liquid air and distilled water exported from Kuwait worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Iraq, with a CAGR of +84.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, which is down by -20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Jordan ($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 Egypt (+25.8%), while the prices for the other major destinations experienced a decline.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Kuwait

In 2021, the amount of liquid or compressed air and distilled or conductivity water imported into Kuwait skyrocketed to X tons, picking up by 36% compared with the previous year. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 109% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid air and distilled water imports declined dramatically to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by 105% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest liquid air and distilled water supplier to Kuwait, with a 29% share of total imports. Moreover, liquid air and distilled water imports from Egypt exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold. The third position in this ranking was taken by Germany (X kg), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from Egypt totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+27.4% per year) and Germany (-11.8% per year).

In value terms, Spain ($X), Germany ($X) and the United States ($X) appeared to be the largest liquid air and distilled water suppliers to Kuwait, together comprising 47% of total imports. These countries were followed by France, Australia, Canada, the UK, Egypt, Saudi Arabia and the United Arab Emirates, which together accounted for a further 20%.

In terms of the main suppliers, Australia, with a CAGR of +34.6%, recorded 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

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, with a decrease of -37.9% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth appeared the most rapid in 2015 an increase of 73%. The import price peaked 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 the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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