Report Update Nov 1, 2024

Kuwait - Rare Gases (Excluding Argon) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Rare Gases Market 2024

Rare Gases Exports

Exports from Kuwait

Rare gases exports from Kuwait reduced markedly to X cubic meters in 2022, falling by -54.9% against the year before. Over the period under review, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 242% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, rare gases exports soared to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 311% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X cubic meters), Japan (X cubic meters) and Qatar (X cubic meters) were the main destinations of rare gases exports from Kuwait, with a combined 68% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Japan ($X) emerged as the key foreign market for rare gases (excluding argon) exports from Kuwait, comprising 82% of total exports. The second position in the ranking was held by Qatar ($X), with a 9.1% share of total exports. It was followed by Bahrain, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-3.8% per year) and Bahrain (-26.1% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, surging by 307% against the previous year. Over the period under review, the export price showed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Iraq ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Kuwait

In 2022, rare gases imports into Kuwait reduced sharply to X cubic meters, waning by -20.3% against the year before. Over the period under review, imports showed a mild downturn. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports fell notably to $X in 2022. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 94%. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

The United Arab Emirates (X cubic meters), Saudi Arabia (X cubic meters) and China (X cubic meters) were the main suppliers of rare gases imports to Kuwait, with a combined 81% share of total imports. Qatar, Algeria and the United States lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +63.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rare gases suppliers to Kuwait were Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X), together comprising 82% of total imports. These countries were followed by Algeria, China and the United States, which together accounted for a further 16%.

In terms of the main suppliers, Algeria, with a CAGR of +49.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, with an increase of 4.4% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 47%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+38.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare gases (excluding argon) in the world?

The countries with the highest volumes of rare gases consumption in 2021 were China, the United States and Germany, with a combined 43% share of global consumption.

What are the largest producers of rare gases (excluding argon) in the world?

The countries with the highest volumes of rare gases production in 2021 were China, the United States and Germany, together accounting for 44% of global production.

What are the leading suppliers of rare gases (excluding argon) to Kuwait?

In value terms, the largest rare gases suppliers to Kuwait were Algeria, Saudi Arabia and Qatar, with a combined 64% share of total imports.

What are the leading importers of rare gases (excluding argon) from Kuwait?

In value terms, Qatar emerged as the key foreign market for rare gases exports from Kuwait, comprising 60% of total exports. The second position in the ranking was occupied by Jordan, with a 26% share of total exports. It was followed by the United Arab Emirates, with an 8.4% share.

What is the average export price for rare gases (excluding argon) in Kuwait?

In 2021, the average rare gases export price amounted to $18 per cubic meter, with an increase of 82% against the previous year.

What is the average import price for rare gases (excluding argon) in Kuwait?

The average rare gases import price stood at $15 per cubic meter in 2021, dropping by -55.9% against the previous year.

This report provides an in-depth analysis of the rare gases 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 20111130 - Rare gases (excluding argon)

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