Waxes; Artificial, Prepared Price in Kuwait - 2021

Contents:

1. Waxes; Artificial, Prepared Price in Kuwait (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Kuwait (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Kuwait
4. Waxes; Artificial, Prepared Exports in Kuwait

Waxes; Artificial, Prepared Price in Kuwait (CIF) - 2022

The average waxes; artificial, prepared import price stood at $5,296 per ton in 2022, shrinking by -4.9% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared import price increased by +59.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, average import prices reached the peak figure at $5,568 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($10,914 per ton), while the price for Ireland ($2,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Kuwait (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $3,171 per ton, reducing by -50.4% against the previous year. Overall, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 an increase of 95%. The export price peaked at $6,399 per ton in 2021, and then fell markedly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($3,796 per ton), while the average price for exports to the United Arab Emirates amounted to $2,589 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+15.4%).

Waxes; Artificial, Prepared Imports in Kuwait

Waxes; artificial, prepared imports into Kuwait expanded rapidly to 196 tons in 2022, increasing by 13% compared with the year before. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 41% against the previous year. As a result, imports attained the peak of 228 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, waxes; artificial, prepared imports stood at $1M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Waxes; Artificial, Prepared to Kuwait in 2022:

1. Ireland (42.0 tons)
2. Netherlands (30.7 tons)
3. China (29.1 tons)
4. France (26.9 tons)
5. United States (13.9 tons)
6. Brazil (12.3 tons)
7. India (10.5 tons)

Waxes; Artificial, Prepared Exports in Kuwait

In 2022, after two years of decline, there was significant growth in overseas shipments of waxes; artificial, prepared, when their volume increased by 414% to 84 tons. Overall, exports, however, recorded a precipitous setback.

In value terms, waxes; artificial, prepared exports surged to $265K in 2022. Over the period under review, exports, however, saw a abrupt setback.

Top Export Markets for Waxes; Artificial, Prepared from Kuwait in 2022:

1. United Arab Emirates (76.1 tons)
2. Qatar (6.5 tons)

Source: IndexBox Market Intelligence Platform