Salts; Molybdates Price in Kuwait - 2021

Contents:

  1. Salts; Molybdates Price in Kuwait (CIF) - 2022
  2. Salts; Molybdates Imports in Kuwait

Salts; Molybdates Price in Kuwait (CIF) - 2022

The average salts; molybdates import price stood at $256,762 per ton in 2022, jumping by 50% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 175% against the previous year. Over the period under review, average import prices attained the peak figure at $1,798,323 per ton in 2012; however, from 2013 to 2022, 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 Japan ($1,416,000 per ton), while the price for China ($69,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced a decline.

Salts; Molybdates Imports in Kuwait

In 2022, approx. 80 kg of salts; molybdateses were imported into Kuwait; picking up by 471% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salts; molybdates imports soared to $21K in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,382%. As a result, imports reached the peak of $39K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Salts; Molybdates in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.40.50.27.6166.8%
Saudi Arabia1.39.91.37.579.4%
United Kingdom0.11.30.21.4141.0%
Germany0.10.40.10.344.2%
China0.10.50.10.344.2%
Belgium0.10.5N/A0.10.0%
South KoreaN/A22.8N/AN/A0%
Others0.62.80.63.376.5%
Total2.638.72.420.599.0%

Top Suppliers of Salts; Molybdates to Kuwait in 2022:

  1. Saudi Arabia (33.0 kg)
  2. India (32.0 kg)
  3. United Kingdom (6.0 kg)
  4. China (4.0 kg)
  5. Germany (1.0 kg)
  6. Belgium (1.0 kg)

Source: IndexBox Market Intelligence Platform

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