Report Update Nov 1, 2024

Kuwait - Tall Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Tall Oil Market 2024

Tall Oil Market Size in Kuwait

In 2021, the Kuwaiti tall oil market decreased by -13.6% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Tall Oil Exports

Exports from Kuwait

In 2017, tall oil exports from Kuwait reduced remarkably to X tons, shrinking by -45.2% against the previous year's figure. Overall, exports saw a precipitous contraction. Over the period under review, the exports hit record highs at X tons in 2016, and then fell notably in the following year.

In value terms, tall oil exports dropped remarkably to $X in 2017. Over the period under review, exports continue to indicate a sharp reduction. The exports peaked at $X in 2016, and then reduced markedly in the following year.

Exports by Country

Jordan (X tons) was the main destination for tall oil exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2016 to 2017, the average annual rate of growth in terms of volume to Jordan stood at -45.2%.

In value terms, Jordan ($X) also remains the key foreign market for tall oil exports from Kuwait.

From 2016 to 2017, the average annual rate of growth in terms of value to Jordan stood at -39.8%.

Export Prices by Country

The average tall oil export price stood at $X per ton in 2017, growing by 9.9% against the previous year. Over the last one years, it increased at an average annual rate of +9.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Jordan.

From 2016 to 2017, the rate of growth in terms of prices for Jordan amounted to +9.8% per year.

Tall Oil Imports

Imports into Kuwait

In 2021, purchases abroad of tall oil decreased by -15.6% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2019 when imports increased by 83%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tall oil imports reduced to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 62%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), the UK (X tons) and Malaysia (X tons) were the main suppliers of tall oil imports to Kuwait, together comprising 70% of total imports. These countries were followed by Italy, India and the United States, which together accounted for a further 9.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the UK ($X) and Malaysia ($X) appeared to be the largest tall oil suppliers to Kuwait, with a combined 80% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tall oil import price stood at $X per ton in 2021, picking up by 2.8% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 an increase of 15% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($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 States (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tall oil in the world?

The countries with the highest volumes of tall oil consumption in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Japan, Germany, Russia, Nigeria, Brazil, the UK, Canada and Turkey, which together accounted for a further 27%.

What are the largest producers of tall oil in the world?

The countries with the highest volumes of tall oil production in 2021 were China, the United States and India, with a combined 48% share of global production. Japan, Russia, Germany, Brazil, Nigeria, the UK, Canada and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of tall oil to Kuwait?

In value terms, Malaysia, Italy and the UK appeared to be the largest tall oil suppliers to Kuwait, with a combined 92% share of total imports.

What are the leading importers of tall oil from Kuwait?

In value terms, Jordan remains the key foreign market for tall oil exports from Kuwait.

What is the average export price for tall oil in Kuwait?

The average tall oil export price stood at $618 per ton in 2017, rising by 9.9% against the previous year.

What is the average import price for tall oil in Kuwait?

In 2021, the average tall oil import price amounted to $1,941 per ton, growing by 3.9% against the previous year.

This report provides an in-depth analysis of the tall oil 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 20147130 - Tall oil, whether or not refined

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