Kuwait: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2024

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Kuwait

In 2022, the Kuwaiti polystyrene in primary forms market decreased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Kuwait

In value terms, polystyrene in primary forms production shrank rapidly to $X in 2022 estimated in export price. In general, production, however, recorded temperate growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Kuwait

After two years of decline, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by X% to X kg in 2022. Overall, exports faced a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports amounted to $X in 2022. In general, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for polystyrene in primary forms exports from Kuwait, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

The average polystyrene in primary forms export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Kuwait

After three years of growth, supplies from abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by X% to X tons in 2022. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports expanded significantly to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of polystyrene in primary forms to Kuwait, with a X% share of total imports. Moreover, polystyrene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average polystyrene in primary forms import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($X per ton) and Pakistan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform