Report Update: Apr 1, 2024

Kuwait - Borates - Market Analysis, Forecast, Size, Trends And Insights

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Borates Price in Kuwait - 2021

Borates Price in Kuwait (CIF) - 2021

In December 2021, the average borates import price amounted to $537 per ton, waning by -81.4% against the previous month. Overall, the import price, however, saw a measured increase. The pace of growth was the most pronounced in November 2021 when the average import price increased by 228% against the previous month. As a result, import price attained the peak level of $2,880 per ton, and then shrank remarkably in the following month.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From January 2021 to December 2021, the rate of growth in terms of prices for Turkey amounted to +3.0% per month.

Borates Price in Kuwait (FOB) - 2022

In 2022, the average borates export price amounted to $1,430 per ton, reducing by -30.3% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 132% against the previous year. As a result, the export price attained the peak level of $3,632 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,215 per ton), while the average price for exports to Qatar amounted to $724 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Borates Imports in Kuwait

In 2022, borates imports into Kuwait fell to 2.1K tons, reducing by -3.4% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of 2.2K tons, and then reduced modestly in the following year.

In value terms, borates imports contracted to $1M in 2022. Over the period under review, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year.

Import of Borates in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	351	373	544	529	14.7%
Spain	136	122	153	177	9.2%
United States	414	158	143	148	-29.0%
Saudi Arabia	9.7	9.4	5.4	7.0	-10.3%
Others	207	275	186	140	-12.2%
Total	1,117	938	1,032	1,001	-3.6%

Top Suppliers of Borates to Kuwait in 2022:

Turkey (1238.8 tons)
Spain (424.5 tons)
United States (312.4 tons)
Saudi Arabia (31.8 tons)

Borates Exports in Kuwait

In 2022, approx. 71 tons of borates were exported from Kuwait; picking up by 63% on the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, borates exports rose remarkably to $101K in 2022. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 29%.

Export of Borates in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	24.4	11.6	42.8	60.5	35.3%
Qatar	6.1	4.2	36.3	40.9	88.6%
Russia	22.6	N/A	N/A	N/A	0%
Germany	17.7	N/A	N/A	N/A	0%
Indonesia	52.8	18.3	N/A	N/A	-65.3%
Denmark	N/A	35.4	N/A	N/A	0%
Others	17.4	N/A	10.2	N/A	-23.4%
Total	141	69.5	89.3	101	-10.5%

Top Export Markets for Borates from Kuwait in 2022:

Qatar (56.6 tons)
United Arab Emirates (14.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the borates 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 20136230 - Borates, peroxoborates (perborates)

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