Kuwait: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Kuwait

The Kuwaiti oils from coal tar market surged to $X in 2021, jumping by 18% against the previous year. Overall, consumption continues to indicate a strong increase. Oils from coal tar consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Kuwait

In value terms, oils from coal tar production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Kuwait

In 2021, exports of oils and other products of the distillation of high temperature coal tar from Kuwait dropped to X tons, shrinking by -10.8% against 2020. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 21%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, oils from coal tar exports soared to $X in 2021. In general, exports showed a deep downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Malaysia (X tons) and the UK (X tons) were the main destinations of oils from coal tar exports from Kuwait, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +24.8%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X) remains the key foreign market for oils and other products of the distillation of high temperature coal tar exports from Kuwait, comprising 67% of total exports. The second position in the ranking was taken by the UK ($X), with a 22% share of total exports. It was followed by Malaysia, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+19.3% per year) and Malaysia (-25.3% per year).

Export Prices by Country

In 2021, the average oils from coal tar export price amounted to $X per ton, jumping by 58% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Kuwait

In 2021, oils from coal tar imports into Kuwait soared to X tons, increasing by 52% compared with 2020 figures. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 119% 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, oils from coal tar imports soared to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 112% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest oils from coal tar supplier to Kuwait, accounting for a 50% share of total imports. Moreover, oils from coal tar imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+27.6% per year) and South Korea (+24.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of oils and other products of the distillation of high temperature coal tar to Kuwait, comprising 50% of total imports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total imports. It was followed by South Korea, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+22.8% per year) and South Korea (+23.0% per year).

Import Prices by Country

In 2021, the average oils from coal tar import price amounted to $X per ton, with an increase of 3% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 an increase of 4.8%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and the Netherlands ($X per ton), while the price for Spain ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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