Kuwait - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Kuwait - 2021
Contents:
- Citric Acid Price in Kuwait (CIF) - 2022
- Citric Acid Price in Kuwait (FOB) - 2021
- Citric Acid Imports in Kuwait
- Citric Acid Exports in Kuwait
Citric Acid Price in Kuwait (CIF) - 2022
In 2022, the average citric acid import price amounted to $1,584 per ton, with an increase of 45% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, citric acid import price increased by +93.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($3,820 per ton), while the price for Lebanon ($512 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Citric Acid Price in Kuwait (FOB) - 2021
The average citric acid export price stood at $2,894 per ton in December 2021, rising by 9.4% against the previous month. In general, the export price recorded a strong increase. 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 Oman.
From February 2021 to December 2021, the rate of growth in terms of prices for Oman amounted to +9.4% per month.
Citric Acid Imports in Kuwait
In 2022, purchases abroad of citric acid and its salts and esters decreased by -38.3% to 594 tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 6.1% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, citric acid imports contracted to $940K in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 9.8% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Citric Acid in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 560 | 683 | 526 | 389 | -11.4% |
| Ireland | 182 | 159 | 161 | 125 | -11.8% |
| Lebanon | 126 | 96.5 | 88.5 | 65.6 | -19.6% |
| Italy | 0.8 | 2.4 | 6.7 | 44.3 | 281.2% |
| Sweden | 67.5 | 45.4 | 37.7 | 23.9 | -29.3% |
| United Arab Emirates | 44.6 | 20.9 | 30.3 | 22.2 | -20.7% |
| United Kingdom | 18.0 | 14.6 | 7.9 | 19.5 | 2.7% |
| Others | 111 | 196 | 190 | 250 | 31.1% |
| Total | 1,110 | 1,218 | 1,049 | 940 | -5.4% |
Top Suppliers of Citric Acid to Kuwait in 2022:
- China (271.3 tons)
- Lebanon (128.3 tons)
- Ireland (83.8 tons)
- United Kingdom (18.5 tons)
- United Arab Emirates (14.6 tons)
- Sweden (13.9 tons)
- Italy (12.3 tons)
Citric Acid Exports in Kuwait
For the fourth year in a row, Kuwait recorded growth in overseas shipments of citric acid and its salts and esters, which increased by 0.5% to 71 tons in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 7,863% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, citric acid exports amounted to $197K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 14,671%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Citric Acid in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 0.6 | 30.1 | 18.8 | 191 | 582.8% |
| Iraq | N/A | 0.7 | 0.6 | 5.9 | 190.3% |
| Oman | N/A | N/A | 176 | N/A | 0% |
| Iran | N/A | 62.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 0.6 | 93.3 | 196 | 197 | 589.9% |
Top Export Markets for Citric Acid from Kuwait in 2022:
- Qatar (67.6 tons)
- Iraq (3.5 tons)
This report provides an in-depth analysis of the citric acid 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 20143473 - Citric acid and its salts and esters
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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