Kuwait: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Kuwait

The Kuwaiti graphite non-electrical articles market rose markedly to $X in 2021, increasing by 7.6% against the previous year. Overall, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Graphite Non-Electrical Articles Production in Kuwait

In value terms, graphite non-electrical articles production expanded notably to $X in 2021 estimated in export price. Overall, production posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Graphite Non-Electrical Articles Exports

Exports from Kuwait

In 2021, the amount of non-electrical articles of graphite or other carbon exported from Kuwait surged to X tons, growing by 44% compared with the year before. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 5,282%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles exports surged to $X in 2021. Overall, exports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of 16,478%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for graphite non-electrical articles exports from Kuwait, accounting for a 90% share of total exports. Moreover, graphite non-electrical articles exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +48.5%.

In value terms, Saudi Arabia ($X) remains the key foreign market for graphite non-electrical articles exports from Kuwait, comprising 73% of total exports. The second position in the ranking was held by Bahrain ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +31.4%.

Export Prices by Country

The average graphite non-electrical articles export price stood at $X per ton in 2021, declining by -4.7% against the previous year. In general, the export price recorded a precipitous slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 407% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-11.4%), while the prices for the other major destinations experienced a decline.

Graphite Non-Electrical Articles Imports

Imports into Kuwait

In 2021, imports of non-electrical articles of graphite or other carbon into Kuwait stood at X tons, increasing by 2.3% on 2020 figures. Over the period under review, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 186%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, graphite non-electrical articles imports rose modestly to $X in 2021. Overall, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 216%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), Saudi Arabia (X tons) and Italy (X tons) were the main suppliers of graphite non-electrical articles imports to Kuwait, with a combined 55% share of total imports. These countries were followed by South Korea, India, the Czech Republic, Luxembourg, the United States, Japan, Malta, Germany, Taiwan (Chinese) and Slovenia, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +80.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Japan ($X) and Germany ($X) appeared to be the largest graphite non-electrical articles suppliers to Kuwait, with a combined 40% share of total imports. These countries were followed by Italy, Luxembourg, the United States, South Korea, Saudi Arabia, India, the Czech Republic, Malta, Taiwan (Chinese) and Slovenia, which together accounted for a further 44%.

In terms of the main suppliers, Luxembourg, with a CAGR of +66.5%, 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 graphite non-electrical articles import price amounted to $X per ton, picking up by 2.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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