Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Kuwait - 2022
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Kuwait (CIF) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Kuwait
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Kuwait (CIF) - 2022
The average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses stood at $2,309 per ton in 2022, increasing by 57% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 65% against the previous year. Over the period under review, average import prices hit record highs at $4,029 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +8.1% per year.
Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Kuwait
In 2022, overseas purchases of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses decreased by -80.8% to 30 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. As a result, imports reached the peak of 162 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses shrank rapidly to $70K in 2022. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 144%.
| Import of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.7 | 73.2 | 151 | 70.4 | 31.9% |
| Spain | 5.8 | 7.8 | 13.2 | N/A | 50.9% |
| India | 2.2 | 46.9 | 53.1 | N/A | 391.3% |
| Italy | 11.0 | 9.6 | 10.1 | N/A | -4.2% |
| Others | 10.2 | 8.5 | 6.8 | N/A | -18.4% |
| Total | 59.9 | 146 | 234 | 70.4 | 5.5% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to Kuwait in 2022:
- China (30.5 tons)
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