Kuwait: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Kuwait

In 2022, the Kuwaiti odoriferous substance mixture market decreased by -2.4% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Kuwait

In value terms, odoriferous substance mixture production declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Kuwait

After three years of growth, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -26.4% to X tons in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 366%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced markedly in the following year.

In value terms, odoriferous substance mixture exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 105% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for odoriferous substance mixture exports from Kuwait, with a 85% share of total exports. Moreover, odoriferous substance mixture exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold. The third position in this ranking was held by Jordan (X kg), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-8.3% per year) and Jordan (+5.5% per year).

In value terms, Oman ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Kuwait, comprising 60% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 9.7% share of total exports. It was followed by Saudi Arabia, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Oman totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+5.2% per year) and Saudi Arabia (-16.5% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, rising by 4.2% against the previous year. In general, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+2.9%), while the prices for the other major destinations experienced a decline.

Odoriferous Substance Mixture Imports

Imports into Kuwait

In 2022, purchases abroad of mixtures of odoriferous substances and their preparations decreased by -21.7% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 61% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, odoriferous substance mixture imports rose remarkably to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ireland (X tons), France (X tons) and Switzerland (X tons) were the main suppliers of odoriferous substance mixture imports to Kuwait, with a combined 55% share of total imports. Spain, Germany, Italy, Turkey, the Netherlands, India, the UK, the United Arab Emirates, China and Egypt lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +5.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Ireland ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Kuwait, comprising 47% of total imports. The second position in the ranking was held by Switzerland ($X), with a 15% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Ireland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-10.9% per year) and France (-13.0% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, increasing by 36% against the previous year. In general, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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