Kuwait: Styrene-Acrylonitrile Copolymers Market 2022

Styrene-Acrylonitrile Copolymers Market Size in Kuwait

The Kuwaiti styrene-acrylonitrile copolymers market contracted to $X in 2021, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a dramatic decline. Styrene-acrylonitrile copolymers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Styrene-Acrylonitrile Copolymers Exports

Exports from Kuwait

In 2021, approx. less than X kg of styrene-acrylonitrile (san) copolymers in primary forms were exported from Kuwait; almost unchanged from the previous year. Overall, exports faced a precipitous decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, styrene-acrylonitrile copolymers exports amounted to less than $X in 2021. In general, exports saw a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Kuwait, with a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average styrene-acrylonitrile copolymers export price stood at $X per ton in 2017, falling by -X% against the previous year. In general, the export price saw a perceptible slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2017, 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 Saudi Arabia.

From 2012 to 2017, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Styrene-Acrylonitrile Copolymers Imports

Imports into Kuwait

In 2021, purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, styrene-acrylonitrile copolymers imports contracted rapidly to $X in 2021. In general, imports, however, showed a sharp shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), India (X tons) and Italy (X tons) were the main suppliers of styrene-acrylonitrile copolymers imports to Kuwait, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Saudi Arabia ($X) and Italy ($X) appeared to be the largest styrene-acrylonitrile copolymers suppliers to Kuwait, together comprising X% of total imports.

Italy, with a CAGR of +X%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2021, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($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 (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform