Kuwait: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Kuwait

The Kuwaiti bituminous mixtures market expanded rapidly to $X in 2022, surging by X% against the previous year. Overall, consumption posted a significant increase. Bituminous mixtures consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Bituminous Mixtures Production in Kuwait

In value terms, bituminous mixtures production expanded rapidly to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Bituminous Mixtures Exports

Exports from Kuwait

In 2022, shipments abroad of bituminous mixtures decreased by X% to X tons, falling for the fifth year in a row after three years of growth. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, bituminous mixtures exports contracted to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons), Qatar (X tons) and Yemen (X tons) were the main destinations of bituminous mixtures exports from Kuwait, together comprising X% of total exports.

From 2013 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bituminous mixtures exported from Kuwait were Iraq ($X), Qatar ($X) and Yemen ($X), together comprising X% of total exports.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bituminous Mixtures Imports

Imports into Kuwait

In 2022, after two years of decline, there was growth in supplies from abroad of bituminous mixtures, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, bituminous mixtures imports soared to $X in 2022. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and the UK (X tons) were the main suppliers of bituminous mixtures imports to Kuwait, with a combined X% share of total imports. The United States, South Korea, France, Bahrain and China lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures suppliers to Kuwait were the United Arab Emirates ($X), India ($X) and the UK ($X), with a combined X% share of total imports. The United States, South Korea, France, Bahrain and China lagged somewhat behind, together comprising a further X%.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and the United Arab Emirates ($X per ton), while the price for South Korea ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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