Salts; Tungstates (Wolframates) Price in Kuwait - 2022
Contents:
- Salts; Tungstates (Wolframates) Price in Kuwait (CIF) - 2022
- Salts; Tungstates (Wolframates) Imports in Kuwait
Salts; Tungstates (Wolframates) Price in Kuwait (CIF) - 2022
In 2022, the average salts; tungstates (wolframates) import price amounted to $43,676 per ton, almost unchanged from the previous year. Over the period under review, the import price recorded prominent growth. The growth pace was the most rapid in 2016 an increase of 50%. Over the period under review, average import prices reached the maximum at $43,678 per ton in 2019; afterwards, it flattened through to 2022.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +10.0% per year.
Salts; Tungstates (Wolframates) Imports in Kuwait
In 2022, the amount of salts; tungstates (wolframates) imported into Kuwait surged to 62 tons, rising by 20% against the previous year. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, salts; tungstates (wolframates) imports soared to $2.7M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Salts; Tungstates (Wolframates) in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.6 | 1.9 | 2.3 | 2.7 | 19.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 1.9 | 2.3 | 2.7 | 19.1% |
Top Suppliers of Salts; Tungstates (Wolframates) to Kuwait in 2022:
- Germany (62.1 tons)
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