Kuwait: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Kuwait

The Kuwaiti market for refractory products of siliceous or diatomite earths reduced remarkably to $X in 2021, with a decrease of -33.2% 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). Over the period under review, consumption, however, continues to indicate a modest expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Kuwait

In 2021, overseas shipments of refractory products of siliceous or diatomite earths decreased by -63% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 685% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths declined remarkably to $X in 2021. Overall, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 299%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from Kuwait, accounting for a 88% share of total exports. Moreover, exports of refractory products of siliceous or diatomite earths to Iraq exceeded the volume sent to the second major destination, Jordan (X kg), more than tenfold. The third position in this ranking was taken by India (X kg), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq totaled +94.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-0.6% per year) and India (-13.5% per year).

In value terms, Iraq ($X), the United Arab Emirates ($X) and Jordan ($X) constituted the largest markets for refractory products of siliceous or diatomite earths exported from Kuwait worldwide, together comprising 79% of total exports.

In terms of the main countries of destination, Iraq, with a CAGR of +36.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($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 Bahrain (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Kuwait

In 2021, imports of refractory products of siliceous or diatomite earths into Kuwait contracted remarkably to X tons, which is down by -24.9% against 2020. Over the period under review, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of 380% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths reduced sharply to $X in 2021. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 287%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of refractory products of siliceous or diatomite earths to Kuwait, accounting for a 48% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from Oman exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Oman totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+4.0% per year) and France (+40.4% per year).

In value terms, Jordan ($X) constituted the largest supplier of refractory products of siliceous or diatomite earths to Kuwait, comprising 44% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Saudi Arabia, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Jordan totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.8% per year) and Saudi Arabia (+18.0% per year).

Import Prices by Country

In 2021, the average import price for refractory products of siliceous or diatomite earths amounted to $X per ton, dropping by -39.7% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Oman ($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 Netherlands (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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