Price for Styrene Polymers; Waste, Parings and Scrap in Kuwait - 2022

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Kuwait (FOB) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Kuwait (CIF) - 2022
3. Exports of Styrene Polymers; Waste, Parings and Scrap in Kuwait
4. Imports of Styrene Polymers; Waste, Parings and Scrap in Kuwait

Price for Styrene Polymers; Waste, Parings and Scrap in Kuwait (FOB) - 2022

The average export price for styrene polymers; waste, parings and scraps stood at $411 per ton in 2022, growing by 7.3% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 41%. The export price peaked at $619 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,354 per ton), while the average price for exports to China ($53 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 the United Arab Emirates (-5.3%), while the prices for the other major destinations experienced a decline.

Price for Styrene Polymers; Waste, Parings and Scrap in Kuwait (CIF) - 2022

The average import price for styrene polymers; waste, parings and scraps stood at $5,096 per ton in 2022, shrinking by -61.5% against the previous year. Overall, the import price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2020 an increase of 154% against the previous year. The import price peaked at $13,225 per ton in 2021, and then shrank notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +40.0% per year.

Exports of Styrene Polymers; Waste, Parings and Scrap in Kuwait

In 2022, exports of styrene polymers; waste, parings and scraps from Kuwait reached 23 tons, surging by 5.3% on the previous year. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of styrene polymers; waste, parings and scraps expanded markedly to $9.6K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Kuwait in 2022:

1. Pakistan (10.7 tons)
2. United Arab Emirates (6.0 tons)
3. China (3.6 tons)
4. India (3.1 tons)

Imports of Styrene Polymers; Waste, Parings and Scrap in Kuwait

In 2022, approx. 680 kg of styrene polymers; waste, parings and scraps were imported into Kuwait; with an increase of 282% compared with 2021. Overall, imports, however, faced a sharp curtailment.

In value terms, imports of styrene polymers; waste, parings and scraps soared to $3.5K in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 78% against the previous year.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Kuwait in 2022:

1. China (680.0 kg)

Source: IndexBox Market Intelligence Platform