Kuwait: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Kuwait

For the fourth consecutive year, the Kuwaiti non-rolled bitumen products market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Production in Kuwait

In value terms, non-rolled bitumen products production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Non-Rolled Bitumen Products Exports

Exports from Kuwait

Non-rolled bitumen products exports from Kuwait contracted sharply to X tons in 2022, falling by X% compared with the previous year's figure. Over the period under review, exports showed a significant curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports shrank dramatically to $X in 2022. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and Iraq (X tons) were the main destinations of non-rolled bitumen products exports from Kuwait, together comprising X% of total exports. Egypt and Jordan lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Qatar ($X), Iraq ($X) and Saudi Arabia ($X) appeared to be the largest markets for non-rolled bitumen products exported from Kuwait worldwide, with a combined X% share of total exports.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Kuwait

In 2022, non-rolled bitumen products imports into Kuwait dropped slightly to X tons, waning by X% against the year before. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports soared to $X in 2022. Overall, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of non-rolled bitumen products to Kuwait, accounting for a X% share of total imports. Moreover, non-rolled bitumen products imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of non-rolled bitumen products to Kuwait, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Turkey, with an X% share.

From 2013 to 2022, the average annual growth rate of value from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a abrupt setback. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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