Selenium Price in Kuwait - 2022
Contents:
- Selenium Price in Kuwait (CIF) - 2022
- Selenium Price in Kuwait (FOB) - 2022
- Selenium Imports in Kuwait
- Selenium Exports in Kuwait
Selenium Price in Kuwait (CIF) - 2022
The average selenium import price stood at $19,094 per ton in 2022, shrinking by -2.3% against the previous year. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of 76%. Over the period under review, average import prices reached the maximum at $41,296 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 UK ($100,728 per ton), while the price for Poland ($17,231 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Selenium Price in Kuwait (FOB) - 2022
The average selenium export price stood at $165,262 per ton in 2022, waning by -12.3% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 150%. The export price peaked at $188,474 per ton in 2021, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +38.8% per year.
Selenium Imports in Kuwait
In 2022, the amount of selenia imported into Kuwait plummeted to 1.2 tons, reducing by -27% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 164% against the previous year. As a result, imports reached the peak of 1.6 tons, and then shrank remarkably in the following year.
In value terms, selenium imports declined significantly to $22K in 2022. In general, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 134%. As a result, imports attained the peak of $32K, and then dropped markedly in the following year.
| Import of Selenium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 4.6 | 8.9 | 6.4 | 21.1% |
| Poland | 8.3 | 3.3 | 4.6 | 5.8 | -11.3% |
| Germany | 5.1 | 3.7 | 6.2 | 3.2 | -14.4% |
| United Kingdom | 1.5 | 1.7 | 1.2 | 1.4 | -2.3% |
| Panama | 5.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 10.7 | 5.8 | 287.1% |
| Total | 24.1 | 13.5 | 31.5 | 22.5 | -2.3% |
Top Suppliers of Selenium to Kuwait in 2022:
- United States (347.0 kg)
- Poland (336.0 kg)
- Germany (146.0 kg)
- United Kingdom (13.0 kg)
Selenium Exports in Kuwait
In 2022, shipments abroad of selenia increased by 11% to 42 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt downturn.
In value terms, selenium exports reduced modestly to $6.9K in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 6.6% against the previous year. As a result, the exports reached the peak of $7.2K, and then reduced slightly in the following year.
| Export of Selenium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.3 | 6.7 | 7.2 | 6.9 | 3.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.3 | 6.7 | 7.2 | 6.9 | 3.1% |
Top Export Markets for Selenium from Kuwait in 2022:
- United Kingdom (42.0 kg)
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