Report Update Nov 1, 2024

Kuwait - Nitrites - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Nitrites Market 2024

Nitrites Market Size in Kuwait

The Kuwaiti nitrites market reduced rapidly to $X in 2021, waning by -69.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a abrupt setback. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Nitrites Exports

Exports from Kuwait

In 2021, nitrites exports from Kuwait dropped to X tons, which is down by -6.5% against the previous year. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 100%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, nitrites exports shrank rapidly to $X in 2021. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 100%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for nitrites exports from Kuwait, accounting for a 94% share of total exports. Moreover, nitrites exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to -13.4%.

In value terms, Saudi Arabia ($X) remains the key foreign market for nitrites exports from Kuwait, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at -6.2%.

Export Prices by Country

The average nitrites export price stood at $X per ton in 2021, reducing by -14.4% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 85%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.3%).

Nitrites Imports

Imports into Kuwait

In 2021, purchases abroad of nitrites decreased by -63.6% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 135% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, nitrites imports reduced sharply to $X in 2021. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 201% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of nitrites imports to Kuwait, together accounting for 64% of total imports. India, China, Belgium, Saudi Arabia and Italy lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and the United Arab Emirates ($X) were the largest nitrites suppliers to Kuwait, with a combined 78% share of total imports. These countries were followed by India, China, Belgium, Saudi Arabia and Italy, which together accounted for a further 19%.

Belgium, with a CAGR of +12.7%, saw the highest growth rate of the value of imports, in terms of 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 nitrites import price amounted to $X per ton, surging by 18% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 62%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Turkey ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+63.3%), 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 nitrites in the world?

The countries with the highest volumes of nitrites consumption in 2021 were Zambia, Canada and South Korea, together accounting for 30% of global consumption. These countries were followed by Japan, Nigeria, the Netherlands, Taiwan Chinese), Chile, Brazil, France, China, Thailand and Ukraine, which together accounted for a further 40%.

What are the largest producers of nitrites in the world?

China constituted the country with the largest volume of nitrites production, accounting for 62% of total volume. Moreover, nitrites production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by Russia, with a 6.3% share.

What are the leading suppliers of nitrites to Kuwait?

In value terms, the United Arab Emirates constituted the largest supplier of nitrites to Kuwait, comprising 44% of total imports. The second position in the ranking was occupied by Saudi Arabia, with a 21% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of nitrites from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for nitrites exports from Kuwait, comprising 96% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 3.9% share of total exports.

What is the average export price for nitrites in Kuwait?

In 2021, the average nitrites export price amounted to $1,817 per ton, surging by 3% against the previous year.

What is the average import price for nitrites in Kuwait?

The average nitrites import price stood at $1,947 per ton in 2021, dropping by -3% against the previous year.

This report provides an in-depth analysis of the nitrites 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 20152080 - Nitrites

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