Kuwait: Propylene Glycol Market 2025

Propylene Glycol Market Size in Kuwait

In 2022, the Kuwaiti propylene glycol market decreased by 0% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, saw a relatively flat trend pattern. Propylene glycol consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Propylene Glycol Production in Kuwait

In value terms, propylene glycol production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 530%. Propylene glycol production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Propylene Glycol Exports

Exports from Kuwait

In 2022, overseas shipments of propylene glycol (propane-1,2-diol) decreased by 0% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, propylene glycol exports stood at $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for propylene glycol exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea was relatively modest.

From 2012 to 2022, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

In 2022, the average propylene glycol export price amounted to $X per ton, approximately equating the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2018 when the average export price increased by less than 0.1%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Madagascar amounted to -21.1% per year.

Propylene Glycol Imports

Imports into Kuwait

In 2022, approx. X tons of propylene glycol (propane-1,2-diol) were imported into Kuwait; with a decrease of -24.7% compared with 2021. In general, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2017 when imports increased by 121%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, propylene glycol imports contracted remarkably to $X in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 when imports increased by 82%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of propylene glycol imports to Kuwait, with a combined 75% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene glycol suppliers to Kuwait were China ($X), Saudi Arabia ($X) and the Netherlands ($X), with a combined 67% share of total imports.

Saudi Arabia, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, among 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 propylene glycol import price amounted to $X per ton, surging by 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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