Kuwait - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Kuwait - 2021
Contents:
- Price for Processed Petroleum Oils and Distillates in Kuwait (FOB) - 2022
- Price for Processed Petroleum Oils and Distillates in Kuwait (CIF) - 2021
- Exports of Processed Petroleum Oils and Distillates in Kuwait
- Imports of Processed Petroleum Oils and Distillates in Kuwait
Price for Processed Petroleum Oils and Distillates in Kuwait (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $475 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2017 an increase of 42%. The export price peaked at $788 per ton in 2018; however, from 2019 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 France ($704 per ton), while the average price for exports to the UK ($204 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 France (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Kuwait (CIF) - 2021
In December 2021, the average import price for processed petroleum oils and distillates amounted to $2,624 per ton, rising by 5% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2021 an increase of 39% m-o-m. As a result, import price attained the peak level of $4,000 per ton. From November 2021 to December 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Germany ($4,223 per ton), while the price for Saudi Arabia ($1,518 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 the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Processed Petroleum Oils and Distillates in Kuwait
In 2022, approx. 30K tons of processed petroleum oils and distillates were exported from Kuwait; which is down by -29.5% against 2021 figures. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 143% against the previous year. As a result, the exports reached the peak of 42K tons, and then fell notably in the following year.
In value terms, processed petroleum oils and distillates exports shrank notably to $14M in 2022. Over the period under review, exports, however, recorded a measured expansion. The growth pace was the most rapid in 2021 with an increase of 143%. As a result, the exports attained the peak of $20M, and then shrank markedly in the following year.
| Export of Processed Petroleum Oils and Distillates in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 861 | 356 | 996 | 1,447 | 18.9% |
| Pakistan | 1,074 | 990 | 2,477 | 1,347 | 7.8% |
| France | 171 | 193 | 780 | 1,062 | 83.8% |
| United Arab Emirates | 1,961 | 1,200 | 1,827 | 1,001 | -20.1% |
| South Korea | 910 | 469 | 1,712 | 940 | 1.1% |
| Japan | 656 | 723 | 1,668 | 739 | 4.1% |
| Egypt | 484 | 400 | 524 | 614 | 8.3% |
| United States | 196 | 177 | 780 | 575 | 43.2% |
| South Africa | N/A | 49.8 | 141 | 414 | 188.3% |
| Thailand | 466 | 376 | 619 | 405 | -4.6% |
| Taiwan (Chinese) | 36.1 | 108 | 230 | 248 | 90.1% |
| Singapore | 929 | 551 | 567 | 246 | -35.8% |
| Ethiopia | 2,121 | 773 | 896 | 205 | -54.1% |
| Others | 2,829 | 1,886 | 6,879 | 4,931 | 20.3% |
| Total | 12,694 | 8,253 | 20,096 | 14,174 | 3.7% |
Top Export Markets for Processed Petroleum Oils and Distillates from Kuwait in 2022:
- United Kingdom (7.1K tons)
- United Arab Emirates (2.5K tons)
- Pakistan (2.4K tons)
- South Korea (1.8K tons)
- France (1.5K tons)
- Japan (1.4K tons)
- United States (1.1K tons)
- Thailand (1.0K tons)
- Egypt (0.9K tons)
- South Africa (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- Ethiopia (0.6K tons)
- Singapore (0.5K tons)
Imports of Processed Petroleum Oils and Distillates in Kuwait
In 2022, the amount of processed petroleum oils and distillates imported into Kuwait fell significantly to 1.7M tons, waning by -46.4% compared with the year before. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,272% against the previous year. As a result, imports reached the peak of 3.2M tons, and then shrank markedly in the following year.
In value terms, processed petroleum oils and distillates imports fell sharply to $292M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. As a result, imports reached the peak of $428M, and then shrank notably in the following year.
| Import of Processed Petroleum Oils and Distillates in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 233 | 103 | 79.7 | 156 | -12.5% |
| India | 13.4 | 10.9 | 10.5 | 22.0 | 18.0% |
| Belgium | 9.0 | 7.5 | 6.5 | 17.8 | 25.5% |
| China | 0.1 | 0.2 | 2.8 | 6.1 | 293.6% |
| France | 3.5 | 2.4 | 2.7 | 5.6 | 17.0% |
| Kyrgyzstan | 0.1 | 0.1 | 0.4 | 5.2 | 273.3% |
| Turkey | 1.6 | 1.1 | 16.2 | 5.0 | 46.2% |
| United States | 2.5 | 4.0 | 4.5 | 4.8 | 24.3% |
| Benin | N/A | N/A | N/A | 4.4 | 0% |
| Others | 34.5 | 27.1 | 305 | 65.4 | 23.8% |
| Total | 298 | 156 | 428 | 292 | -0.7% |
Top Suppliers of Processed Petroleum Oils and Distillates to Kuwait in 2022:
- United Arab Emirates (736.4K tons)
- India (243.1K tons)
- Belgium (94.3K tons)
- China (86.4K tons)
- Turkey (49.1K tons)
- United States (47.0K tons)
- Kyrgyzstan (45.5K tons)
- Benin (31.9K tons)
- France (25.7K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:
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
-
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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