Report Update May 1, 2024

Kuwait - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Kuwait

In 2021, after four years of growth, there was significant decline in the Kuwaiti market for oxides of boron and boric acids, when its value decreased by -32.9% to $X. Overall, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Production of Oxides Of Boron and Boric Acids in Kuwait

In value terms, boron oxide and boric acid production declined to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The growth pace was the most rapid in 2019 with an increase of 46%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Exports of Oxides Of Boron and Boric Acids

Exports from Kuwait

In 2021, shipments abroad of oxides of boron and boric acids increased by 208% to X tons, rising for the second consecutive year after seven years of decline. In general, exports, however, saw a abrupt setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. Overall, exports enjoyed measured growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for boron oxide and boric acid exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to -15.8%.

In value terms, Qatar ($X) also remains the key foreign market for oxides of boron and boric acids exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +3.7%.

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, waning by -20.5% against the previous year. Over the period under review, the export price, however, showed significant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 168%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, 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 Qatar.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to +23.2% per year.

Imports of Oxides Of Boron and Boric Acids

Imports into Kuwait

In 2021, the amount of oxides of boron and boric acids imported into Kuwait fell dramatically to X tons, waning by -70.9% compared with 2020 figures. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 310%. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, boron oxide and boric acid imports shrank remarkably to $X in 2021. Over the period under review, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2013 with an increase of 148% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and the United States (X tons) were the main suppliers of boron oxide and boric acid imports to Kuwait, together accounting for 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +14.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest boron oxide and boric acid suppliers to Kuwait were Turkey ($X), Egypt ($X) and the United Arab Emirates ($X), with a combined 67% share of total imports.

Among the main suppliers, Egypt, with a CAGR of +3.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for oxides of boron and boric acids amounted to $X per ton, growing by 55% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boron oxide and boric acid import price decreased by -28.4% against 2018 indices. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxides of boron and boric acids in the world?

The countries with the highest volumes of consumption in 2021 were the United States, China and Brazil, with a combined 62% share of global consumption. Taiwan Chinese), South Korea, Chile, Russia, Germany, Malaysia, France, Japan and Argentina lagged somewhat behind, together accounting for a further 20%.

What are the largest producers of oxides of boron and boric acids in the world?

The United States remains the largest boron oxide and boric acid producing country worldwide, accounting for 67% of total volume. Moreover, boron oxide and boric acid production in the United States exceeded the figures recorded by the second-largest producer, Chile, sixfold. The third position in this ranking was taken by Russia, with an 8.4% share.

What are the leading suppliers of oxides of boron and boric acids to Kuwait?

In value terms, the largest boron oxide and boric acid suppliers to Kuwait were Turkey, Egypt and the United Arab Emirates, together comprising 67% of total imports.

What are the leading importers of oxides of boron and boric acids from Kuwait?

In value terms, Qatar remains the key foreign market for oxides of boron and boric acids exports from Kuwait.

What is the average export price for oxides of boron and boric acids in Kuwait?

In 2021, the average export price for oxides of boron and boric acids amounted to $1,371 per ton, declining by -20.5% against the previous year.

What is the average import price for oxides of boron and boric acids in Kuwait?

In 2021, the average import price for oxides of boron and boric acids amounted to $1,103 per ton, picking up by 55% against the previous year.

This report provides an in-depth analysis of the market for boron oxide and boric acid in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132462 -
Prodcom 20132465 -

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023