Report Update Nov 1, 2024

Kuwait - O-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: O-Xylene Market 2024

O-Xylene Market Size in Kuwait

In 2022, the Kuwaiti o-xylene market increased by 67% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, continues to indicate a noticeable decrease. O-xylene consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

O-Xylene Production in Kuwait

In value terms, o-xylene production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 48%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

O-Xylene Exports

Exports from Kuwait

O-xylene exports from Kuwait contracted remarkably to X tons in 2021, declining by -41.2% compared with 2020 figures. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 49% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then shrank markedly in the following year.

In value terms, o-xylene exports dropped rapidly to $X in 2021. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then fell markedly in the following year.

Exports by Country

Oman (X tons) was the main destination for o-xylene exports from Kuwait, with a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Oman was relatively modest.

In value terms, Oman ($X) emerged as the key foreign market for o-xylene exports from Kuwait.

From 2014 to 2021, the average annual growth rate of value to Oman was relatively modest.

Export Prices by Country

In 2021, the average o-xylene export price amounted to $X per ton, dropping by -3% against the previous year. Overall, the export price showed a abrupt contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Oman.

From 2014 to 2021, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

O-Xylene Imports

Imports into Kuwait

After nine years of decline, purchases abroad of o-xylene increased by 9.5% to X tons in 2022. Overall, imports, however, recorded a deep contraction. 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, o-xylene imports rose modestly to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X kg) constituted the largest supplier of o-xylene to Kuwait, accounting for a 73% share of total imports. Moreover, o-xylene imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.5% per year) and India (-52.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of o-xylene to Kuwait, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-9.9% per year) and India (-49.3% per year).

Import Prices by Country

In 2022, the average o-xylene import price amounted to $X per ton, waning by -4.7% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, o-xylene import price increased by +80.3% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), 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 o-xylene in the world?

The countries with the highest volumes of in 2021 were the UK, China and Singapore, together comprising 33% of global consumption. These countries were followed by Germany, Italy, the United States, Russia, Belgium, South Korea, India, Iran, the Netherlands and Indonesia, which together accounted for a further 45%.

What are the largest producers of o-xylene in the world?

The countries with the highest volumes of in 2021 were India, Singapore and the UK, with a combined 45% share of global production.

What are the leading suppliers of o-xylene to Kuwait?

In value terms, South Korea constituted the largest supplier of o-xylene to Kuwait, comprising 74% of total imports. The second position in the ranking was occupied by the Netherlands $910), with a 26% share of total imports.

What is the average import price for o-xylene in Kuwait?

In 2021, the average o-xylene import price amounted to $2,621 per ton, shrinking by -4.7% against the previous year.

This report provides an in-depth analysis of the o-xylene 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 20141243 - o-Xylene

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