Price for Mineral Substances Not Elsewhere Specified or Included in Kuwait - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Kuwait (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Kuwait (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Kuwait
- Exports of Mineral Substances Not Elsewhere Specified or Included in Kuwait
Price for Mineral Substances Not Elsewhere Specified or Included in Kuwait (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $240 per ton in 2022, with a decrease of -52.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 99% against the previous year. As a result, import price reached the peak level of $503 per ton, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($367 per ton), while the price for Jordan ($104 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Kuwait (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $138 per ton in 2022, falling by -11.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 an increase of 149% against the previous year. The export price peaked at $730 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($138 per ton), while the average price for exports to the UK amounted to $137 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.9%).
Imports of Mineral Substances Not Elsewhere Specified or Included in Kuwait
In 2022, approx. 5.5K tons of mineral substances not elsewhere specified or includeds were imported into Kuwait; jumping by 628% against 2021 figures. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of mineral substances not elsewhere specified or includeds soared to $1.3M in 2022. Overall, imports continue to indicate a significant expansion.
| Import of Mineral Substances Not Elsewhere Specified or Included in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.5 | 159 | 257 | 344 | 275.4% |
| Saudi Arabia | 37.9 | 203 | 73.9 | 299 | 99.1% |
| India | 196 | 29.2 | 16.9 | 251 | 8.6% |
| Jordan | 59.4 | 19.9 | 5.5 | 121 | 26.8% |
| France | 3.3 | 2.9 | 0.3 | 90.0 | 201.0% |
| United States | 327 | 148 | 9.8 | 80.2 | -37.4% |
| China | 19.2 | 12.4 | 2.9 | 64.4 | 49.7% |
| Turkey | 5.1 | 749 | 2.2 | 15.7 | 45.5% |
| Others | 84.5 | 35.7 | 8.7 | 48.8 | -16.7% |
| Total | 739 | 1,359 | 378 | 1,314 | 21.1% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Kuwait in 2022:
- India (1688.4 tons)
- Jordan (1163.6 tons)
- United Arab Emirates (1028.2 tons)
- Saudi Arabia (893.0 tons)
- France (263.9 tons)
- China (175.5 tons)
- Turkey (120.9 tons)
- United States (72.4 tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Kuwait
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Kuwait soared to 76 tons, increasing by 7,854% compared with the year before. In general, exports posted a significant increase.
In value terms, exports of mineral substances not elsewhere specified or includeds soared to $10K in 2022. Over the period under review, exports saw significant growth.
| Export of Mineral Substances Not Elsewhere Specified or Included in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 9.4 | 0% |
| United Kingdom | N/A | N/A | N/A | 1.1 | 0% |
| China | N/A | 216 | N/A | N/A | 0% |
| Others | 5.9 | 26.9 | 0.1 | N/A | -87.0% |
| Total | 5.9 | 242 | 0.1 | 10.4 | 20.8% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Kuwait in 2022:
- India (67.9 tons)
- United Kingdom (7.7 tons)
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