Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait - 2022

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,974 per ton, growing by 46% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 167%. As a result, import price reached the peak level of $8,380 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,795 per ton), while the price for Saudi Arabia ($1,700 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 (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait (FOB) - 2022

In 2021, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $1,529 per ton, approximately mirroring the previous year. Over the period under review, the export price recorded a modest increase. The growth pace was the most rapid in 2017 an increase of 79%. Over the period under review, the average export prices hit record highs at $3,185 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2015 to 2021, the rate of growth in terms of prices for Qatar amounted to +24.2% per year.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait

After three years of growth, purchases abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -89.3% to 18 tons in 2022. Over the period under review, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 205%.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell dramatically to $52K in 2022. In general, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Kuwait in 2022:

1. Saudi Arabia (8.8 tons)
2. United Kingdom (6.9 tons)
3. China (1.8 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Kuwait

In 2021, approx. 12 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Kuwait; approximately reflecting 2020 figures. Overall, exports faced a sharp contraction. The smallest decline of 99.9% was in 2020.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids totaled $18K in 2021. Over the period under review, exports showed a sharp setback. The smallest decline of 99.9% was in 2020.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Kuwait in 2022:

1. Oman (12.1 tons)

Source: IndexBox Market Intelligence Platform