Kuwait: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Kuwait

The Kuwaiti market for unsaturated polyesters in primary forms dropped modestly to $X in 2021, flattening at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Kuwait

In value terms, unsaturated polyesters in primary forms production totaled $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 78%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Kuwait

In 2021, shipments abroad of unsaturated polyesters in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,243% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,418% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X tons), Oman (X tons) and Egypt (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Kuwait, together accounting for 76% of total exports. These countries were followed by Iraq, Kenya, Jordan, Qatar and Iran, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +34,989.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Egypt ($X) and Bahrain ($X) appeared to be the largest markets for unsaturated polyesters in primary forms exported from Kuwait worldwide, with a combined 77% share of total exports. These countries were followed by Kenya, Iraq, Jordan, Qatar and Iran, which together accounted for a further 23%.

In terms of the main countries of destination, Kenya, with a CAGR of +44,831.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, growing by 16% against the previous year. In general, the export price, however, continues to indicate a noticeable curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Iraq ($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 Sudan (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Kuwait

In 2021, overseas purchases of unsaturated polyesters in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 386%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Overall, imports showed resilient growth. The growth pace was the most rapid in 2016 with an increase of 506%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Kuwait.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +23.1%).

In value terms, the United Arab Emirates ($X) and Saudi Arabia ($X) were the largest unsaturated polyesters in primary forms suppliers to Kuwait.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +22.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The growth pace was the most rapid in 2017 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.7%).

Source: IndexBox Platform

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