Kuwait: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Kuwait

The Kuwaiti market for manganites, manganates and permanganates, molybdates and tungstates expanded rapidly to $X in 2021, growing by 13% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Manganites, manganates, molybdates and tungstates consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Kuwait

In value terms, manganites, manganates, molybdates and tungstates production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 31%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Kuwait

In 2020, shipments abroad of manganites, manganates and permanganates, molybdates and tungstates decreased by -59.3% to X tons, falling for the second consecutive year after two years of decline. Over the period under review, exports, however, saw significant growth. The smallest decline of -37.1% was in 2019. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports plummeted to $X in 2020. In general, exports, however, showed a significant expansion. The smallest decline of -39.8% was in 2019. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to the United States totaled -49.4%.

In value terms, the United States ($X) emerged as the key foreign market for manganites, manganates and permanganates, molybdates and tungstates exports from Kuwait.

From 2013 to 2020, the average annual growth rate of value to the United States stood at -55.0%.

Export Prices by Country

In 2020, the average export price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, waning by -17.6% against the previous year. In general, the export price, however, posted moderate growth. The most prominent rate of growth was recorded in 2019 a decrease of -4.3%. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

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

From 2013 to 2020, the rate of growth in terms of prices for the United States amounted to -11.2% per year.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Kuwait

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were imported into Kuwait; rising by 20% compared with 2020. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 162% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, manganites, manganates, molybdates and tungstates imports surged to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 244% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of manganites, manganates, molybdates and tungstates to Kuwait, with a 71% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +130.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+51.1% per year) and Saudi Arabia (+9.9% per year).

In value terms, Germany ($X) constituted the largest supplier of manganites, manganates and permanganates, molybdates and tungstates to Kuwait, comprising 95% of total imports. The second position in the ranking was held by India ($X), with a 1.8% share of total imports. It was followed by Saudi Arabia, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +113.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+40.7% per year) and Saudi Arabia (+12.9% per year).

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 Germany ($X per ton), while the price for India ($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 (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :