Nitrites; Nitrates Price in Kuwait - 2021
Contents:
- Nitrites; Nitrates Price in Kuwait (CIF) - 2022
- Nitrites; Nitrates Price in Kuwait (FOB) - 2022
- Nitrites; Nitrates Imports in Kuwait
- Nitrites; Nitrates Exports in Kuwait
Nitrites; Nitrates Price in Kuwait (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,082 per ton, picking up by 2.9% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 30% against the previous year. The import price peaked at $1,754 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,562 per ton), while the price for Italy ($416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Kuwait (FOB) - 2022
The average nitrites; nitrates export price stood at $868 per ton in 2022, growing by 8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,230 per ton in 2016; however, from 2017 to 2022, the 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 Saudi Arabia ($875 per ton), while the average price for exports to the United Arab Emirates amounted to $570 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.1%).
Nitrites; Nitrates Imports in Kuwait
In 2022, approx. 449 tons of nitrites; nitrateses were imported into Kuwait; with a decrease of -13.6% on 2021. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year.
In value terms, nitrites; nitrates imports fell to $486K in 2022. Over the period under review, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 28%.
| Import of Nitrites; Nitrates in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.4 | 55.8 | 120 | 108 | 33.5% |
| Jordan | 37.1 | 20.4 | 76.6 | 99.2 | 38.8% |
| Chile | 217 | 53.8 | 113 | 90.0 | -25.4% |
| United Arab Emirates | 210 | 15.2 | 47.1 | 56.1 | -35.6% |
| United States | 189 | 71.2 | 80.5 | 43.5 | -38.7% |
| Saudi Arabia | 76.8 | 16.7 | 14.4 | 25.6 | -30.7% |
| Poland | 19.1 | 8.0 | 22.8 | 15.2 | -7.3% |
| Netherlands | 3.8 | 134 | 6.2 | 3.9 | 0.9% |
| Belgium | 48.7 | 4.8 | 5.4 | 3.5 | -58.4% |
| Others | 105 | 46.3 | 60.6 | 41.1 | -26.8% |
| Total | 952 | 426 | 547 | 486 | -20.1% |
Top Suppliers of Nitrites; Nitrates to Kuwait in 2022:
- Chile (129.9 tons)
- China (96.0 tons)
- Jordan (86.5 tons)
- Poland (33.6 tons)
- United States (23.8 tons)
- United Arab Emirates (21.9 tons)
- Saudi Arabia (21.7 tons)
- Netherlands (5.2 tons)
- Belgium (3.1 tons)
Nitrites; Nitrates Exports in Kuwait
In 2022, after three years of growth, there was significant decline in overseas shipments of nitrites; nitrateses, when their volume decreased by -23.4% to 79 tons. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 114%.
In value terms, nitrites; nitrates exports reduced sharply to $69K in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 99% against the previous year.
| Export of Nitrites; Nitrates in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 22.8 | 53.5 | 66.3 | 67.7 | 43.7% |
| United Arab Emirates | 0.9 | 1.6 | 1.4 | 1.1 | 6.9% |
| Malaysia | N/A | N/A | 14.8 | N/A | 0% |
| Others | 4.0 | N/A | N/A | N/A | 0% |
| Total | 27.7 | 55.1 | 82.5 | 68.8 | 35.4% |
Top Export Markets for Nitrites; Nitrates from Kuwait in 2022:
- Saudi Arabia (77.4 tons)
- United Arab Emirates (1.9 tons)
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In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1355
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
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In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
651
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
