Kuwait - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Kuwait - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Polycarboxylic Acid Price in Kuwait - 2022

Contents:

  1. Polycarboxylic Acid Price in Kuwait (CIF) - 2021
  2. Polycarboxylic Acid Price in Kuwait (FOB) - 2022
  3. Polycarboxylic Acid Imports in Kuwait
  4. Polycarboxylic Acid Exports in Kuwait

Polycarboxylic Acid Price in Kuwait (CIF) - 2021

In December 2021, the average polycarboxylic acid import price amounted to $2,240 per ton, growing by 56% against the previous month. Over the period under review, import price indicated slight growth from January 2021 to December 2021: its price increased at an average monthly rate of +1.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, polycarboxylic acid import price decreased by -13.3% against July 2021 indices. Over the period under review, average import prices hit record highs at $2,582 per ton in July 2021; however, from August 2021 to December 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Malaysia ($2,903 per ton), while the price for India ($1,262 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Polycarboxylic Acid Price in Kuwait (FOB) - 2022

In 2022, the average polycarboxylic acid export price amounted to $5,791 per ton, with an increase of 218% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($21,949 per ton), while the average price for exports to the United Arab Emirates ($465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports in Kuwait

In 2022, purchases abroad of polycarboxylic acids was finally on the rise to reach 4K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt shrinkage.

In value terms, polycarboxylic acid imports dropped to $5.8M in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.

Import of Polycarboxylic Acid in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,8382,4173,6573,1924.0%
Iran27544836366634.3%
Taiwan (Chinese)1,135161276404-29.1%
India27431546937110.6%
Norway3343293563612.6%
Malaysia94.514626423735.9%
United Arab Emirates20.42.380.014190.5%
South Korea1,17912944936.6-68.6%
Netherlands31236878.14.0-76.6%
Others524821561431-6.3%
Total6,9865,1366,5525,844-5.8%

Top Suppliers of Polycarboxylic Acid to Kuwait in 2022:

  1. China (1899.9 tons)
  2. Iran (758.4 tons)
  3. Taiwan (Chinese) (416.5 tons)
  4. India (320.1 tons)
  5. Norway (174.8 tons)
  6. Malaysia (104.8 tons)
  7. United Arab Emirates (74.5 tons)
  8. South Korea (35.3 tons)
  9. Netherlands (1.6 tons)

Polycarboxylic Acid Exports in Kuwait

Polycarboxylic acid exports from Kuwait contracted markedly to 3.3 tons in 2022, dropping by -71.3% compared with 2021. In general, exports faced a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 144% against the previous year. As a result, the exports attained the peak of 11 tons, and then fell dramatically in the following year.

In value terms, polycarboxylic acid exports reduced to $19K in 2022. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 21%.

Export of Polycarboxylic Acid in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt22.414.014.416.4-9.9%
Saudi Arabia2.70.82.12.6-1.3%
QatarN/AN/A4.4N/A0%
Indonesia9.32.5N/AN/A-73.1%
United Arab Emirates0.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total34.417.220.919.1-17.8%

Top Export Markets for Polycarboxylic Acid from Kuwait in 2022:

  1. Saudi Arabia (2430.0 kg)
  2. Egypt (748.0 kg)
  3. United Arab Emirates (86.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polycarboxylic 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 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
  • Prodcom 20143385 - Adipic acid, its salts and esters
  • Prodcom 20143387 - Maleic anhydride
  • Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
  • Prodcom 20143420 - Other esters of orthophthalic acid
  • Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
  • Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and

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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