Kuwait: Non-Agglomerated Metal Carbides Market 2024

Non-Agglomerated Metal Carbides Market Size in Kuwait

In 2022, the Kuwaiti non-agglomerated metal carbides market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a dramatic contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Agglomerated Metal Carbides Production in Kuwait

In value terms, non-agglomerated metal carbides production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Non-agglomerated metal carbides production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Non-Agglomerated Metal Carbides Exports

Exports from Kuwait

In 2022, after ten years of growth, there was significant decline in overseas shipments of non-agglomerated metal carbides mixed together or with metallic binders, when their volume decreased by X% to X tons. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, non-agglomerated metal carbides exports declined to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

South Korea (X tons) was the main destination for non-agglomerated metal carbides exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to X%.

In value terms, South Korea ($X) also remains the key foreign market for non-agglomerated metal carbides mixed together or with metallic binders exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled X%.

Export Prices by Country

The average non-agglomerated metal carbides export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to X% per year.

Non-Agglomerated Metal Carbides Imports

Imports into Kuwait

In 2022, overseas purchases of non-agglomerated metal carbides mixed together or with metallic binders increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-agglomerated metal carbides imports declined dramatically to $X in 2022. Overall, imports, however, showed a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest non-agglomerated metal carbides supplier to Kuwait, accounting for a X% share of total imports. Moreover, non-agglomerated metal carbides imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), threefold. India (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

In value terms, the largest non-agglomerated metal carbides suppliers to Kuwait were Germany ($X), the United States ($X) and India ($X), with a combined X% share of total imports. The Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average non-agglomerated metal carbides import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, showed tangible growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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