Kuwait - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Glycol Price in Kuwait - 2021
Contents:
- Ethylene Glycol Price in Kuwait (FOB) - 2021
- Ethylene Glycol Price in Kuwait (CIF) - 2022
- Ethylene Glycol Exports in Kuwait
- Ethylene Glycol Imports in Kuwait
Ethylene Glycol Price in Kuwait (FOB) - 2021
In December 2021, the average ethylene glycol export price amounted to $673 per ton, surging by 2.3% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in February 2021 an increase of 18% against the previous month. Over the period under review, the average export prices hit record highs at $727 per ton in April 2021; however, from May 2021 to December 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Qatar ($991 per ton), while the average price for exports to Oman ($648 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 Qatar (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Ethylene Glycol Price in Kuwait (CIF) - 2022
The average ethylene glycol import price stood at $1,250 per ton in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $1,905 per ton. From 2015 to 2022, the average 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 the United States ($2,623 per ton), while the price for Iran ($356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethylene Glycol Exports in Kuwait
In 2022, the amount of ethylene glycol (ethanediol) exported from Kuwait fell modestly to 983K tons, waning by -3.8% compared with the previous year's figure. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 8.2% against the previous year.
In value terms, ethylene glycol exports contracted to $549M in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year.
| Export of Ethylene Glycol in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 197 | 93.5 | 319 | 246 | 7.7% |
| China | 180 | 89.0 | 45.6 | 83.0 | -22.7% |
| Oman | 150 | 115 | 83.9 | 77.7 | -19.7% |
| Pakistan | 82.6 | 40.5 | 53.4 | 38.8 | -22.3% |
| Turkey | 53.5 | 28.8 | 11.9 | 33.4 | -14.5% |
| Thailand | 26.8 | 23.9 | 27.1 | 17.9 | -12.6% |
| Belgium | 11.9 | 5.8 | 16.6 | 10.8 | -3.2% |
| Others | 65.0 | 58.3 | 85.4 | 41.3 | -14.0% |
| Total | 767 | 455 | 643 | 549 | -10.5% |
Top Export Markets for Ethylene Glycol from Kuwait in 2022:
- India (457.8K tons)
- Oman (153.4K tons)
- China (143.4K tons)
- Pakistan (75.1K tons)
- Turkey (60.6K tons)
- Thailand (22.0K tons)
- Belgium (19.3K tons)
Ethylene Glycol Imports in Kuwait
In 2022, approx. 123 tons of ethylene glycol (ethanediol) were imported into Kuwait; which is down by -4.3% on 2021. Overall, imports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
In value terms, ethylene glycol imports shrank modestly to $154K in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 9.6% against the previous year.
| Import of Ethylene Glycol in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 55.2 | 35.8 | 63.7 | 57.4 | 1.3% |
| Saudi Arabia | 83.3 | 22.0 | 42.4 | 34.5 | -25.5% |
| China | 17.4 | 11.7 | 11.5 | 19.4 | 3.7% |
| United Arab Emirates | 7.9 | 2.6 | 0.9 | 14.0 | 21.0% |
| Iran | 31.6 | 18.1 | 12.4 | 10.1 | -31.6% |
| Germany | 16.7 | 7.7 | 5.3 | 4.2 | -36.9% |
| United States | 18.2 | 1.7 | 13.8 | 1.9 | -52.9% |
| Turkey | N/A | 17.6 | N/A | N/A | 0% |
| Others | 18.6 | 29.9 | 11.4 | 12.6 | -12.2% |
| Total | 249 | 147 | 161 | 154 | -14.8% |
Top Suppliers of Ethylene Glycol to Kuwait in 2022:
- India (40.1 tons)
- Iran (28.2 tons)
- Saudi Arabia (25.3 tons)
- China (13.6 tons)
- United Arab Emirates (10.0 tons)
- Germany (1.7 tons)
- United States (0.7 tons)
This report provides an in-depth analysis of the ethylene glycol 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 20142310 - Ethylene glycol (ethanediol)
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
-
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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