Price for Carbides, Whether or Not Chemically Defined in Kuwait - 2022

Contents:

1. Price for Carbides, Whether or Not Chemically Defined in Kuwait (CIF) - 2022
2. Price for Carbides, Whether or Not Chemically Defined in Kuwait (FOB) - 2022
3. Imports of Carbides, Whether or Not Chemically Defined in Kuwait
4. Exports of Carbides, Whether or Not Chemically Defined in Kuwait

Price for Carbides, Whether or Not Chemically Defined in Kuwait (CIF) - 2022

The average import price for carbides, whether or not chemically defineds stood at $1,406 per ton in 2022, rising by 13% against the previous year. In general, import price indicated a moderate increase from 2013 to 2022: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for carbides, whether or not chemically defineds increased by +72.4% against 2016 indices. The growth pace was the most rapid in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,938 per ton), while the price for Slovakia ($1,380 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Carbides, Whether or Not Chemically Defined in Kuwait (FOB) - 2022

The average export price for carbides, whether or not chemically defineds stood at $1,100 per ton in 2022, approximately reflecting the previous year. In general, the export price continues to indicate modest growth. The growth pace was the most rapid in 2014 an increase of 2.2% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

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

From 2013 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +0.4% per year.

Imports of Carbides, Whether or Not Chemically Defined in Kuwait

In 2022, purchases abroad of carbides, whether or not chemically defineds was finally on the rise to reach 4.2K tons after two years of decline. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $5.9M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Carbides, Whether or Not Chemically Defined to Kuwait in 2022:

1. China (3701.9 tons)
2. Slovakia (456.9 tons)
3. Spain (2.9 tons)
4. United Arab Emirates (0.5 tons)

Exports of Carbides, Whether or Not Chemically Defined in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of carbides, whether or not chemically defineds, which decreased by 0% to 116 tons in 2022. Over the period under review, exports saw a abrupt slump. The smallest decline of -89.1% was in 2020.

In value terms, exports of carbides, whether or not chemically defineds stood at $128K in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The smallest decline of -93.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Carbides, Whether or Not Chemically Defined from Kuwait in 2022:

1. Saudi Arabia (116.5 tons)

Source: IndexBox Market Intelligence Platform