Report Update Nov 1, 2024

Kuwait - Sulphites - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Sulphites Market 2024

Sulphites Market Size in Kuwait

The Kuwaiti sulphites market soared to $X in 2022, growing by 82% 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). In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sulphites Exports

Exports from Kuwait

For the eighth year in a row, Kuwait recorded growth in overseas shipments of sulphites, which increased by 84% to X tons in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 125%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, sulphites exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Qatar (X tons) was the main destination for sulphites exports from Kuwait, accounting for a 83% share of total exports. Moreover, sulphites exports to Qatar exceeded the volume sent to the second major destination, Oman (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at +63.1%.

In value terms, Qatar ($X) emerged as the key foreign market for sulphites exports from Kuwait, comprising 82% of total exports. The second position in the ranking was held by Oman ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +47.2%.

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, which is down by -12.7% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 21% 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.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($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 (+22.2%), while the prices for the other major destinations experienced a decline.

Sulphites Imports

Imports into Kuwait

In 2022, the amount of sulphites imported into Kuwait surged to X tons, rising by 78% on the year before. In general, imports, however, recorded a mild decrease. The growth pace was the most rapid in 2013 with an increase of 135%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. Overall, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 135% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), Bahrain (X tons) and the United Arab Emirates (X tons) were the main suppliers of sulphites imports to Kuwait, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +114.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of sulphites to Kuwait, comprising 42% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +124.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (-13.2% per year) and the United Arab Emirates (-9.1% per year).

Import Prices by Country

In 2022, the average sulphites import price amounted to $X per ton, with an increase of 3.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 11%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 United Arab Emirates ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphites in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 38% share of global consumption. Japan, Democratic Republic of the Congo, Russia, Germany, Brazil, the UK, France, Mexico, Italy and Iran lagged somewhat behind, together comprising a further 34%.

What are the largest producers of sulphites in the world?

China constituted the country with the largest volume of sulphites production, comprising approx. 33% of total volume. Moreover, sulphites production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of sulphites to Kuwait?

In value terms, Thailand constituted the largest supplier of sulphites to Kuwait, comprising 49% of total imports. The second position in the ranking was occupied by Germany, with a 14% share of total imports. It was followed by Italy, with a 12% share.

What are the leading importers of sulphites from Kuwait?

In value terms, Oman remains the key foreign market for sulphites exports from Kuwait.

What is the average export price for sulphites in Kuwait?

In 2021, the average sulphites export price amounted to $1,157 per ton, approximately reflecting the previous year.

What is the average import price for sulphites in Kuwait?

The average sulphites import price stood at $572 per ton in 2021, rising by 5.4% against the previous year.

This report provides an in-depth analysis of the sulphites 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 20134133 - Sulphites

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