Kuwait: Styrene-Acrylonitrile Market 2024

Styrene-Acrylonitrile Market Size in Kuwait

The Kuwaiti styrene-acrylonitrile market reached $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Styrene-acrylonitrile consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Styrene-Acrylonitrile Production in Kuwait

In value terms, styrene-acrylonitrile production reached $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Styrene-acrylonitrile production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Exports

Exports from Kuwait

In 2022, approx. X tons of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) were exported from Kuwait; remaining constant against 2021. Over the period under review, exports faced a precipitous slump. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, styrene-acrylonitrile exports stood at $X in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons) and Germany (X tons) were the main destinations of styrene-acrylonitrile exports from Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%).

In value terms, Qatar ($X) and Germany ($X) were the largest markets for styrene-acrylonitrile exported from Kuwait worldwide.

Among the main countries of destination, Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average styrene-acrylonitrile export price amounted to $X per ton, remaining constant against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Qatar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%).

Styrene-Acrylonitrile Imports

Imports into Kuwait

In 2022, styrene-acrylonitrile imports into Kuwait skyrocketed to X tons, increasing by X% against 2021 figures. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, styrene-acrylonitrile imports dropped modestly to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest styrene-acrylonitrile supplier to Kuwait, accounting for a X% share of total imports. Moreover, styrene-acrylonitrile imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the United States ($X) constituted the largest supplier of styrene-acrylonitrile (san) and acrylonitrile-butadiene-styrene (abs) copolymers (in primary forms) to Kuwait, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average styrene-acrylonitrile import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped sharply in the following year.

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 the UK ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :