Kuwait - Derivatives of Hydrocarbons other than Containing Only Sulpho-, Nitro-, or Nitroso Groups - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Kuwait - Derivatives of Hydrocarbons other than Containing Only Sulpho-, Nitro-, or Nitroso Groups - Market Analysis, Forecast, Size, Trends And Insights

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Derivatives of Hydrocarbons Price in Kuwait - 2021

Contents:

  1. Derivatives of Hydrocarbons Price in Kuwait (FOB) - 2021
  2. Derivatives of Hydrocarbons Price in Kuwait (CIF) - 2022
  3. Derivatives of Hydrocarbons Exports in Kuwait
  4. Derivatives of Hydrocarbons Imports in Kuwait

Derivatives of Hydrocarbons Price in Kuwait (FOB) - 2021

In December 2021, the average derivatives of hydrocarbons export price amounted to $849 per ton, dropping by -11.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 an increase of 31% against the previous month. Over the period under review, the average export prices reached the peak figure at $962 per ton in November 2021, and then shrank in the following month.

Average prices varied noticeably for the major foreign markets. In December 2021, the country with the highest price was Pakistan ($864 per ton), while the average price for exports to Turkey ($844 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Derivatives of Hydrocarbons Price in Kuwait (CIF) - 2022

In 2022, the average derivatives of hydrocarbons import price amounted to $9,189 per ton, picking up by 5% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs at $14,283 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($30,142 per ton), while the price for the United Arab Emirates ($5,582 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced a decline.

Derivatives of Hydrocarbons Exports in Kuwait

In 2022, the amount of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exported from Kuwait reached 1.2M tons, approximately mirroring 2021 figures. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 39%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, derivatives of hydrocarbons exports totaled $1B in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Export of Derivatives of Hydrocarbons in Kuwait (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China32028746748014.5%
India402240141269-12.5%
Pakistan45.460.716416955.0%
Portugal7.928.668.270.1107.0%
Turkey11.313.432.032.942.8%
OthersN/A58.5143N/A144.4%
Total7876881,0161,0219.1%

Top Export Markets for Derivatives of Hydrocarbons from Kuwait in 2022:

  1. China (564.6K tons)
  2. India (305.4K tons)
  3. Pakistan (217.0K tons)
  4. Portugal (92.2K tons)
  5. Turkey (33.7K tons)

Derivatives of Hydrocarbons Imports in Kuwait

In 2022, overseas purchases of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups decreased by -94.9% to 1.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 318%. As a result, imports attained the peak of 160 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, derivatives of hydrocarbons imports fell markedly to $12K in 2022. Overall, imports recorded a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 346%. As a result, imports attained the peak of $740K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Derivatives of Hydrocarbons in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.792.71035.526.8%
United Arab Emirates59.820.757.73.1-62.7%
India62.158.955.12.9-64.0%
United States15.21.24.20.3-73.0%
RussiaN/A560N/AN/A0%
Others26.07.11.0N/A-80.4%
Total16674022111.8-58.6%

Top Suppliers of Derivatives of Hydrocarbons to Kuwait in 2022:

  1. United Arab Emirates (553.0 kg)
  2. India (504.0 kg)
  3. China (183.0 kg)
  4. United States (46.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the derivatives of hydrocarbons 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 20141490 - Derivatives of hydrocarbons (excluding those containing only sulpho groups, their salts and ethyl esters, those containing only nitro or only nitroso groups)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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