Kuwait - Resinoids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingResinoids Price in Kuwait - 2021
Contents:
- Resinoids Price in Kuwait (CIF) - 2022
- Resinoids Price in Kuwait (FOB) - 2022
- Resinoids Imports in Kuwait
- Resinoids Exports in Kuwait
Resinoids Price in Kuwait (CIF) - 2022
The average resinoids import price stood at $37,834 per ton in 2022, falling by -9.5% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, resinoids import price decreased by -13.2% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 36%. As a result, import price reached the peak level of $56,352 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($61,515 per ton), while the price for the Philippines ($9,792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Resinoids Price in Kuwait (FOB) - 2022
In 2022, the average resinoids export price amounted to $12,332 per ton, jumping by 55% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs at $26,802 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($20,372 per ton), while the average price for exports to Bahrain ($3,139 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 Oman (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.
Resinoids Imports in Kuwait
In 2022, after three years of growth, there was significant decline in supplies from abroad of resinoids, when their volume decreased by -12.6% to 63 tons. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, imports attained the peak of 72 tons, and then shrank in the following year.
In value terms, resinoids imports declined notably to $2.4M in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 72%. As a result, imports reached the peak of $3M, and then fell dramatically in the following year.
| Import of Resinoids in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 113 | 752 | 929 | 881 | 98.3% |
| United Arab Emirates | 97.6 | 13.2 | 324 | 266 | 39.7% |
| Spain | 173 | 272 | 268 | 222 | 8.7% |
| Saudi Arabia | 115 | 83.2 | 259 | 213 | 22.8% |
| Germany | 22.5 | 138 | 233 | 191 | 104.0% |
| Vietnam | 5.2 | 12.9 | 71.9 | 59.1 | 124.8% |
| United States | 4.0 | 3.9 | 19.7 | 16.2 | 59.4% |
| Philippines | 12.0 | 17.7 | 17.6 | 14.7 | 7.0% |
| India | 110 | 105 | 269 | 12.5 | -51.6% |
| United Kingdom | 35.4 | 12.2 | 7.2 | 2.1 | -61.0% |
| Others | 344 | 352 | 634 | 519 | 14.7% |
| Total | 1,032 | 1,762 | 3,032 | 2,397 | 32.4% |
Top Suppliers of Resinoids to Kuwait in 2022:
- France (25.6 tons)
- Spain (8.7 tons)
- Germany (8.5 tons)
- Saudi Arabia (7.6 tons)
- United Arab Emirates (4.3 tons)
- Philippines (1.5 tons)
- Vietnam (1.1 tons)
- United States (1.0 tons)
- India (0.6 tons)
- United Kingdom (0.2 tons)
Resinoids Exports in Kuwait
Resinoids exports from Kuwait soared to 4.8 tons in 2022, rising by 83% on 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 147%. As a result, the exports reached the peak of 6.5 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, resinoids exports surged to $59K in 2022. Overall, exports continue to indicate a strong increase.
| Export of Resinoids in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 11.2 | 25.4 | 0.5 | 31.0 | 40.4% |
| United Arab Emirates | 8.0 | 20.1 | 9.6 | 19.5 | 34.6% |
| Oman | 14.2 | 46.7 | 7.2 | 5.7 | -26.2% |
| Bahrain | 1.0 | 2.5 | 1.0 | 2.5 | 35.7% |
| Saudi Arabia | 0.8 | 2.7 | 0.4 | 0.5 | -14.5% |
| Ukraine | N/A | N/A | 2.1 | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 35.3 | 97.4 | 20.9 | 59.2 | 18.8% |
Top Export Markets for Resinoids from Kuwait in 2022:
- Qatar (2658.0 kg)
- United Arab Emirates (959.0 kg)
- Bahrain (787.0 kg)
- Oman (356.0 kg)
- Saudi Arabia (39.0 kg)
This report provides an in-depth analysis of the resinoids market 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 20531030 - Resinoids
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.
-
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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