Kuwait: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Kuwait

The Kuwaiti derivatives of hydrocarbons market fell to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a dramatic setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Derivatives Of Hydrocarbons Production in Kuwait

In value terms, derivatives of hydrocarbons production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Derivatives Of Hydrocarbons Exports

Exports from Kuwait

In 2022, the amount of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exported from Kuwait reached X tons, leveling off at the previous year. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, derivatives of hydrocarbons exports stood at $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

China (X tons), India (X tons) and Pakistan (X tons) were the main destinations of derivatives of hydrocarbons exports from Kuwait, with a combined X% share of total exports. Portugal and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for derivatives of hydrocarbons exported from Kuwait were China ($X), India ($X) and Pakistan ($X), together comprising X% of total exports. Portugal and Turkey lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, recorded 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

In 2022, the average derivatives of hydrocarbons export price amounted to $X per ton, flattening at the previous year. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and India ($X per ton), while the average price for exports to Portugal ($X per ton) and Pakistan ($X 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 India (X%), while the prices for the other major destinations experienced a decline.

Derivatives Of Hydrocarbons Imports

Imports into Kuwait

In 2022, approx. X tons of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups were imported into Kuwait; declining by X% against 2021. In general, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, derivatives of hydrocarbons imports fell markedly to $X in 2022. Overall, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X kg), India (X kg) and China (X kg) were the main suppliers of derivatives of hydrocarbons imports to Kuwait, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest derivatives of hydrocarbons suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and India ($X), together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average derivatives of hydrocarbons import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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