Kuwait: Amylaceous Finishing Agents Market 2024

Amylaceous Finishing Agents Market Size in Kuwait

The Kuwaiti amylaceous finishing agents market declined modestly to $X in 2023, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Amylaceous Finishing Agents Exports

Exports from Kuwait

In 2023, after two years of decline, there was significant growth in overseas shipments of finishing agents with amylaceous basis, when their volume increased by X% to X tons. Overall, exports showed a strong increase. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, amylaceous finishing agents exports soared to $X in 2023. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for amylaceous finishing agents exports from Kuwait, with a X% share of total exports. Moreover, amylaceous finishing agents exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. The third position in this ranking was taken by Qatar (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for finishing agents with amylaceous basis exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

The average amylaceous finishing agents export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, export price indicated a perceptible increase 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, amylaceous finishing agents export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Amylaceous Finishing Agents Imports

Imports into Kuwait

In 2023, amylaceous finishing agents imports into Kuwait fell to X tons, with a decrease of X% against the year before. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, amylaceous finishing agents imports totaled $X in 2023. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of amylaceous finishing agents imports to Kuwait, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest amylaceous finishing agents suppliers to Kuwait were the United States ($X), Saudi Arabia ($X) and Italy ($X), with a combined X% share of total imports.

Saudi Arabia, with a CAGR of X%, recorded 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

In 2023, the average amylaceous finishing agents import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform