Kuwait: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Kuwait

The Kuwaiti ethylene polymer rigid pipes market dropped sharply to $X in 2021, waning by -26.7% against the previous year. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Kuwait

In value terms, ethylene polymer rigid pipes production plummeted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate temperate growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 178%. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Kuwait

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by less than 0.1% to X tons, rising for the third year in a row after five years of decline. Overall, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 371% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports expanded remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 252% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Egypt (X tons) and India (X tons) were the main destinations of ethylene polymer rigid pipes exports from Kuwait, together comprising 84% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +46.5%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Egypt ($X) and Turkey ($X) appeared to be the largest markets for ethylene polymer rigid pipes exported from Kuwait worldwide, together accounting for 77% of total exports.

Iraq, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, increasing by 5.7% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene polymer rigid pipes export price increased by +24.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to India ($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 Turkey (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Kuwait

In 2021, supplies from abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 570%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports surged to $X in 2021. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 489%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Oman (X tons) and the United States (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Kuwait, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +74.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes suppliers to Kuwait were the United States ($X), Saudi Arabia ($X) and Oman ($X), together comprising 89% of total imports.

The United States, with a CAGR of +71.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene polymer rigid pipes import price decreased by -19.2% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Netherlands ($X per ton), while the price for Turkey ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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