Report Update Nov 1, 2024

Kuwait - Prepared Binders for Foundry Moulds or Cores - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Prepared Binders Market 2024

Prepared Binders Market Size in Kuwait

After four years of growth, the Kuwaiti prepared binders market decreased by -73.1% to $X in 2021. In general, consumption showed a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced rapidly in the following year.

Prepared Binders Exports

Exports from Kuwait

After two years of growth, overseas shipments of prepared binders for foundry moulds or cores decreased by -21% to X kg in 2021. In general, exports saw a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by 1,655% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared binders exports surged to $X in 2021. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2017 with an increase of 2,505%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X kg) was the main destination for prepared binders exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt stood at -20.9%.

In value terms, Egypt ($X) also remains the key foreign market for prepared binders for foundry moulds or cores exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt stood at -20.1%.

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2021, picking up by 60% against the previous year. In general, the export price continues to indicate a slight increase. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Egypt amounted to +1.0% per year.

Prepared Binders Imports

Imports into Kuwait

After four years of growth, overseas purchases of prepared binders for foundry moulds or cores decreased by -71.7% to X tons in 2021. In general, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 361% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then shrank notably in the following year.

In value terms, prepared binders imports shrank dramatically to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 280%. Imports peaked at $X in 2020, and then dropped rapidly in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of prepared binders to Kuwait, with a 66% share of total imports. Moreover, prepared binders imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.4% per year) and China (+34.2% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Kuwait, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Germany, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.0% per year) and Germany (-14.7% per year).

Import Prices by Country

The average prepared binders import price stood at $X per ton in 2021, with a decrease of -6.7% against the previous year. Overall, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared binders for foundry moulds or cores in the world?

The country with the largest volume of prepared binders consumption was China, accounting for 23% of total volume. Moreover, prepared binders consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of prepared binders for foundry moulds or cores in the world?

China constituted the country with the largest volume of prepared binders production, comprising approx. 24% of total volume. Moreover, prepared binders production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Germany, with a 9.9% share.

What are the leading suppliers of prepared binders for foundry moulds or cores to Kuwait?

In value terms, the largest prepared binders suppliers to Kuwait were India, Germany and China, with a combined 79% share of total imports. Iran lagged somewhat behind, accounting for a further 2.9%.

What are the leading importers of prepared binders for foundry moulds or cores from Kuwait?

In value terms, Egypt remains the key foreign market for prepared binders exports from Kuwait.

What is the average export price for prepared binders for foundry moulds or cores in Kuwait?

The average prepared binders export price stood at $1,975 per ton in 2020, which is down by -53.8% against the previous year.

What is the average import price for prepared binders for foundry moulds or cores in Kuwait?

In 2020, the average prepared binders import price amounted to $1,641 per ton, shrinking by -50.3% against the previous year.

This report provides an in-depth analysis of the prepared binders 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 20595720 - Prepared binders for foundry moulds or cores

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