Kuwait - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Natural Bitumen and Asphalt in Kuwait - 2022
Contents:
- Price for Natural Bitumen and Asphalt in Kuwait (CIF) - 2021
- Price for Natural Bitumen and Asphalt in Kuwait (FOB) - 2022
- Imports of Natural Bitumen and Asphalt in Kuwait
- Exports of Natural Bitumen and Asphalt in Kuwait
Price for Natural Bitumen and Asphalt in Kuwait (CIF) - 2021
The average natural bitumen and asphalt import price stood at $494 per ton in December 2021, dropping by -58.3% against the previous month. Over the period under review, the import price saw a deep downturn. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 386% against the previous month. Over the period under review, average import prices hit record highs at $1,632 per ton in March 2021; however, from April 2021 to December 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($1,169 per ton), while the price for the United Arab Emirates ($395 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced a decline.
Price for Natural Bitumen and Asphalt in Kuwait (FOB) - 2022
The average natural bitumen and asphalt export price stood at $1,820 per ton in 2022, declining by -6% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $2,228 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,769 per ton), while the average price for exports to India ($202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Natural Bitumen and Asphalt in Kuwait
In 2022, purchases abroad of natural bitumen and asphalt decreased by less than 0.1% to 2.7K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 2.7K tons; afterwards, it flattened through to 2022.
In value terms, natural bitumen and asphalt imports stood at $2.6M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 2.1% against the previous year. As a result, imports attained the peak of $2.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Natural Bitumen and Asphalt in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 226 | 585 | 1,510 | 1,219 | 75.4% |
| United States | 1,260 | 1,174 | 210 | 740 | -16.3% |
| China | 574 | 146 | 154 | 234 | -25.9% |
| Argentina | 154 | 170 | 209 | 169 | 3.1% |
| India | 165 | 214 | 326 | 137 | -6.0% |
| Georgia | 97.2 | 26.8 | 50.6 | 46.9 | -21.6% |
| Bahrain | 19.9 | 42.4 | 48.4 | 39.1 | 25.2% |
| Others | 110 | 303 | 81.5 | 39.7 | -28.8% |
| Total | 2,606 | 2,660 | 2,589 | 2,624 | 0.2% |
Top Suppliers of Natural Bitumen and Asphalt to Kuwait in 2022:
- United Arab Emirates (1530.0 tons)
- United States (426.9 tons)
- China (314.0 tons)
- Argentina (157.3 tons)
- India (145.8 tons)
- Georgia (97.8 tons)
- Bahrain (44.3 tons)
Exports of Natural Bitumen and Asphalt in Kuwait
In 2022, the amount of natural bitumen and asphalt exported from Kuwait dropped to 16 tons, which is down by -9.9% against the year before. Over the period under review, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year.
In value terms, natural bitumen and asphalt exports fell significantly to $29K in 2022. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
| Export of Natural Bitumen and Asphalt in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 46.5 | 15.6 | 17.7 | 13.9 | -33.1% |
| Oman | 63.6 | 3.2 | 9.3 | 7.9 | -50.1% |
| Pakistan | 22.0 | 3.2 | 5.4 | 6.0 | -35.2% |
| India | 3.0 | 0.6 | 0.5 | 0.3 | -53.6% |
| Sudan | 1.0 | 0.2 | 0.2 | 0.1 | -53.6% |
| Others | 3.8 | 0.6 | 0.7 | 0.5 | -49.1% |
| Total | 140 | 23.4 | 33.8 | 28.6 | -41.1% |
Top Export Markets for Natural Bitumen and Asphalt from Kuwait in 2022:
- Pakistan (5.3 tons)
- United Arab Emirates (5.0 tons)
- Oman (3.3 tons)
- India (1.6 tons)
- Sudan (0.4 tons)
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for natural bitumen and asphalt in Kuwait.
3693
This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
496
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Kuwait.
3693
This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
2018
Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tons in 2020. In value terms, imports dropped to $918M. America holds leadership in global imports of bitumen and asphalt. The U.S., Romania, China and France were among the few countries that managed to ramp up import supplies. The average bitumen and asphalt import price grew by +15% y-o-y to $427 per ton in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S.
5661
In value terms, natural bitumen and asphalt imports stood at $X in 2016. In general, natural bitumen and asphalt imports continue to indicate a deep shrinkage. In that year, global natural bitumen ...
967
In value terms, bituminous mixtures based on natural asphalt imports stood at $X in 2016. Overall, bituminous mixtures based on natural asphalt imports continue to indicate a prominent expansion. I...
7511
In value terms, natural bitumen and asphalt exports amounted to $X in 2016. Overall, natural bitumen and asphalt exports continue to indicate a significant shrinkage. Over the period under review, ...
821
In value terms, bituminous mixtures based on natural asphalt exports stood at $X in 2016. Overall, it indicated a tangible increase from 2007 to 2016: the total exports value increased at an averag...
2018
Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tons in 2020. In value terms, imports dropped to $918M. America holds leadership in global imports of bitumen and asphalt. The U.S., Romania, China and France were among the few countries that managed to ramp up import supplies. The average bitumen and asphalt import price grew by +15% y-o-y to $427 per ton in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S.
5661
In value terms, natural bitumen and asphalt imports stood at $X in 2016. In general, natural bitumen and asphalt imports continue to indicate a deep shrinkage. In that year, global natural bitumen ...
967
In value terms, bituminous mixtures based on natural asphalt imports stood at $X in 2016. Overall, bituminous mixtures based on natural asphalt imports continue to indicate a prominent expansion. I...
7511
In value terms, natural bitumen and asphalt exports amounted to $X in 2016. Overall, natural bitumen and asphalt exports continue to indicate a significant shrinkage. Over the period under review, ...
821
In value terms, bituminous mixtures based on natural asphalt exports stood at $X in 2016. Overall, it indicated a tangible increase from 2007 to 2016: the total exports value increased at an averag...
