Kuwait - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene Price in Kuwait - 2021
Contents:
- Styrene Price in Kuwait (CIF) - 2021
- Styrene Price in Kuwait (FOB) - 2022
- Styrene Imports in Kuwait
- Styrene Exports in Kuwait
Styrene Price in Kuwait (CIF) - 2021
In December 2021, the average styrene import price amounted to $1,525 per ton, surging by 7.8% against the previous month. Over the last eleven months, it increased at an average monthly rate of +4.1%. The growth pace was the most rapid in March 2021 an increase of 26% m-o-m. The import price peaked in December 2021.
As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.
From January 2021 to December 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +4.1% per month.
Styrene Price in Kuwait (FOB) - 2022
The average styrene export price stood at $970 per ton in 2022, falling by -18.8% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56%. The export price peaked at $1,949 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($1,166 per ton) and the Netherlands ($1,044 per ton), while the average price for exports to Malaysia ($786 per ton) and China ($890 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.3%), while the prices for the other major destinations experienced a decline.
Styrene Imports in Kuwait
In 2022, after two years of decline, there was significant growth in purchases abroad of styrene, when their volume increased by 5.4% to 1.8K tons. In general, imports, however, faced a significant decrease.
In value terms, styrene imports dropped to $2M in 2022. Over the period under review, imports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
Import of Styrene in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 4.0 | 1.8 | 2.1 | 2.0 | -20.6% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 4.1 | 1.8 | 2.2 | 2.0 | -21.3% |
Top Suppliers of Styrene to Kuwait in 2022:
- Saudi Arabia (1776.3 tons)
Styrene Exports in Kuwait
Styrene exports from Kuwait expanded rapidly to 512K tons in 2022, surging by 5.1% against 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 7.1% against the previous year. As a result, the exports reached the peak of 536K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, styrene exports contracted to $497M in 2022. Over the period under review, exports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, the exports reached the peak of $582M, and then declined in the following year.
Export of Styrene in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 85.5 | 85.5 | 216 | 221 | 37.2% |
China | 353 | 268 | 264 | 103 | -33.7% |
Turkey | 25.9 | 23.4 | 24.5 | 47.9 | 22.7% |
Pakistan | 10.9 | 7.0 | 30.6 | 31.3 | 42.1% |
Taiwan (Chinese) | 16.9 | 4.3 | 21.6 | 22.1 | 9.4% |
Hong Kong SAR | 4.8 | 4.1 | 3.5 | 21.5 | 64.8% |
Netherlands | 7.0 | 6.8 | 7.7 | 18.3 | 37.8% |
South Korea | 5.9 | 6.8 | 7.5 | 7.7 | 9.3% |
Others | 5.3 | 5.2 | 6.3 | 24.0 | 65.4% |
Total | 516 | 411 | 582 | 497 | -1.2% |
Top Export Markets for Styrene from Kuwait in 2022:
- India (242.0K tons)
- China (115.4K tons)
- Turkey (41.1K tons)
- Pakistan (30.4K tons)
- Taiwan (Chinese) (24.4K tons)
- Hong Kong SAR (24.0K tons)
- Netherlands (17.5K tons)
- South Korea (9.9K tons)
This report provides an in-depth analysis of the styrene 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 20141250 - Styrene
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.
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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
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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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