Kuwait: Market for Esters Of Acetic Acid (excluding Ethyl Acetate) 2024

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate) in Kuwait

The Kuwaiti market for esters of acetic acid (excluding ethyl acetate) reduced slightly to $X in 2023, remaining constant against the previous year. Overall, consumption, however, continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate) in Kuwait

In value terms, production of esters of acetic acid (excluding ethyl acetate) stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Production of peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports from Kuwait

In 2023, approx. X tons of esters of acetic acid (excluding ethyl acetate) were exported from Kuwait; growing by X% against the previous year's figure. In general, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) expanded slightly to $X in 2023. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Lebanon (X tons) was the main destination for exports of esters of acetic acid (excluding ethyl acetate) from Kuwait, with a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Lebanon amounted to X%.

In value terms, Lebanon ($X) also remains the key foreign market for esters of acetic acid (excluding ethyl acetate) exports from Kuwait.

From 2012 to 2023, the average annual growth rate of value to Lebanon totaled X%.

Export Prices by Country

The average export price for esters of acetic acid (excluding ethyl acetate) stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Lebanon.

From 2012 to 2023, the rate of growth in terms of prices for Lebanon amounted to X% per year.

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports into Kuwait

In 2023, imports of esters of acetic acid (excluding ethyl acetate) into Kuwait contracted to X tons, waning by X% on the previous year's figure. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) fell to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of esters of acetic acid (excluding ethyl acetate) to Kuwait, together comprising X% of total imports. Belgium, the United States and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest esters of acetic acid (excluding ethyl acetate) suppliers to Kuwait were China ($X), Taiwan (Chinese) ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Belgium, the United States and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price for esters of acetic acid (excluding ethyl acetate) stood at $X per ton in 2023, leveling off at the previous year. Overall, import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for esters of acetic acid (excluding ethyl acetate) increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform