Kuwait: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Kuwait

The Kuwaiti barium or aluminium sulphates market dropped notably to $X in 2022, which is down by -41.6% 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). Overall, consumption, however, continues to indicate a temperate expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Kuwait

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -3.8% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports amounted to $X in 2022. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for barium or aluminium sulphates exports from Kuwait, accounting for a 89% share of total exports. Moreover, barium or aluminium sulphates exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. Bahrain (X kg) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+7.8% per year) and Bahrain (-11.9% per year).

In value terms, Qatar ($X) remains the key foreign market for sulphates of barium or aluminium exports from Kuwait, comprising 94% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 2.3% share of total exports. It was followed by the United Arab Emirates, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-2.0% per year) and the United Arab Emirates (-4.4% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, growing by 4.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Kuwait

In 2022, the amount of sulphates of barium or aluminium imported into Kuwait contracted sharply to X tons, waning by -37% compared with 2021 figures. In general, imports recorded a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of 119% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports dropped markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 103%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest barium or aluminium sulphates supplier to Kuwait, with a 43% share of total imports. Moreover, barium or aluminium sulphates imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.8% per year) and China (+23.1% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphates of barium or aluminium to Kuwait, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Hungary, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.4% per year) and Hungary (+2.9% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, with a decrease of -7.9% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates import price decreased by -17.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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