Kuwait: Nitrogenous Fertilizer Market 2022

Nitrogenous Fertilizer Market Size in Kuwait

In 2021, after nine years of growth, there was decline in the Kuwaiti nitrogenous fertilizer market, when its value decreased by -X% to $X. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market reached the peak level at $X in 2020, and then declined modestly in the following year.

Nitrogenous Fertilizer Production in Kuwait

In value terms, nitrogenous fertilizer production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Nitrogenous fertilizer production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from Kuwait

In 2021, overseas shipments of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports fell slightly to $X in 2021. Over the period under review, exports, however, faced a sharp decrease. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for nitrogenous fertilizer exports from Kuwait, accounting for a X% share of total exports. Moreover, nitrogenous fertilizer exports to Thailand exceeded the volume sent to the second major destination, Australia (X tons), threefold. Pakistan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-X% per year) and Pakistan (-X% per year).

In value terms, the largest markets for nitrogenous fertilizer exported from Kuwait were Pakistan ($X), Thailand ($X) and Brazil ($X), with a combined X% share of total exports.

Pakistan, 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 a decline.

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the export price saw a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrogenous Fertilizer Imports

Imports into Kuwait

Nitrogenous fertilizer imports into Kuwait skyrocketed to X tons in 2021, with an increase of X% against the previous year. In general, imports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, nitrogenous fertilizer imports amounted to $X in 2021. Overall, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) was the main nitrogenous fertilizer supplier to Kuwait, accounting for a X% share of total imports. Moreover, nitrogenous fertilizer imports from Egypt exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, South Korea ($X), China ($X) and Italy ($X) appeared to be the largest nitrogenous fertilizer suppliers to Kuwait, with a combined X% share of total imports. Egypt, Spain, the United Arab Emirates, Germany, Turkey and Poland lagged somewhat behind, together comprising a further X terms of the main suppliers, Turkey, 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

In 2021, the average nitrogenous fertilizer import price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform