Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait (CIF) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,262 per ton in 2022, jumping by 25% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 52%. Over the period under review, average import prices attained the peak figure at $2,556 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,262 per ton), while the price for the United Arab Emirates ($2,261 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait
After two years of decline, purchases abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by 164% to 197 tons in 2022. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $445K in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 159 | 120 | 99.4 | 401 | 36.1% |
| United States | 39.8 | 31.3 | 16.5 | 34.8 | -4.4% |
| United Arab Emirates | 19.6 | 16.0 | 5.1 | 9.3 | -22.0% |
| China | 9.7 | 8.0 | 12.6 | N/A | 14.0% |
| Others | 1.9 | 1.7 | 1.5 | N/A | -11.1% |
| Total | 230 | 177 | 135 | 445 | 24.6% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Kuwait in 2022:
- Saudi Arabia (177.3 tons)
- United States (15.4 tons)
- United Arab Emirates (4.1 tons)
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