Kuwait: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Kuwait

In 2022, the Kuwaiti prepared additives for cements market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted strong growth. Prepared additives for cements consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Kuwait

After two years of decline, overseas shipments of prepared additives for cements, mortars or concretes increased by X% to X tons in 2022. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for prepared additives for cements exports from Kuwait, accounting for a X% share of total exports. Moreover, prepared additives for cements exports to Iraq exceeded the volume sent to the second major destination, Egypt (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and the United Arab Emirates (X% per year).

In value terms, Iraq ($X) emerged as the key foreign market for prepared additives for cements, mortars or concretes exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, export price indicated tangible growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Egypt ($X per ton) and Iraq ($X per ton) were 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 mixed trend patterns.

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Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Kuwait

In 2022, supplies from abroad of prepared additives for cements, mortars or concretes increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a noticeable increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, prepared additives for cements imports soared to $X in 2022. In general, total imports indicated notable growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of prepared additives for cements imports to Kuwait, with a combined X% share of total imports. Bahrain, Slovenia, Russia and Germany lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the largest prepared additives for cements suppliers to Kuwait, together accounting for X% of total imports. Slovenia, Russia, Bahrain and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Slovenia, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood 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 Russia ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform