Kuwait: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Kuwait

The Kuwaiti market for plasticised mixed polyvinyl chloride in primary forms contracted significantly to $X in 2022, with a decrease of -18.4% 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). In general, consumption, however, enjoyed a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Kuwait

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms increased by 297% to X kg for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, recorded a dramatic slump. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. In general, exports, however, continue to indicate a sharp decrease. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Kuwait, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -30.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at -28.7%.

Export Prices by Country

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, shrinking by -17.8% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for plasticised mixed polyvinyl chloride in primary forms increased by +55.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell notably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.1% per year.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Kuwait

In 2022, approx. X tons of plasticised mixed polyvinyl chloride in primary forms were imported into Kuwait; shrinking by -12.5% on the year before. Over the period under review, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 288%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms shrank sharply to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 223% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Kuwait, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +54.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) constituted the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Kuwait, with a combined 96% share of total imports.

Saudi Arabia, with a CAGR of +50.2%, recorded the highest rates of growth with regard to 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 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, reducing by -8.3% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of 24%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Saudi Arabia ($X per ton), while the price for Qatar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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