Kuwait: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Kuwait

In 2021, the Kuwaiti polystyrene in primary forms market increased by 38% to $X, rising for the second consecutive year after six years of decline. Over the period under review, consumption, however, recorded a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Kuwait

For the fourth year in a row, Kuwait recorded decline in shipments abroad of polystyrene in primary forms (excluding expansible polystyrene), which decreased by -11% to X tons in 2021. In general, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 814% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports contracted to $X in 2021. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 1,290% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for polystyrene in primary forms exports from Kuwait, accounting for a 99% share of total exports. It was followed by Qatar (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bahrain totaled -31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-45.3% per year) and the United Arab Emirates (-58.5% per year).

In value terms, Bahrain ($X) remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Kuwait, comprising 90% of total exports. The second position in the ranking was taken by Qatar ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bahrain amounted to -32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-27.1% per year) and the United Arab Emirates (-53.3% per year).

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 52% 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 by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Bahrain ($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 Qatar (+33.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Kuwait

In 2021, purchases abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 14% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Taiwan (Chinese) (X tons) and Pakistan (X tons) were the main suppliers of polystyrene in primary forms imports to Kuwait, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +10.2%), while purchases for the other leaders experienced a decline.

In value terms, Saudi Arabia ($X), Taiwan (Chinese) ($X) and Pakistan ($X) were the largest polystyrene in primary forms suppliers to Kuwait, together accounting for 93% of total imports.

In terms of the main suppliers, Pakistan, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average polystyrene in primary forms import price amounted to $X per ton, surging by 32% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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