
Kuwait - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights
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Kuwait: Titanium Market 2022
Titanium Market Size in Kuwait
In 2021, after six years of growth, there was decline in the Kuwaiti titanium market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Titanium consumption peaked at $X in 2020, and then fell in the following year.
Titanium Production in Kuwait
In value terms, titanium production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.
Titanium Exports
Exports from Kuwait
In 2021, exports of titanium sponge, powders, ingots and slabs from Kuwait stood at less than X kg, approximately equating the previous year. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.
In value terms, titanium exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Oman (X kg) was the main destination for titanium exports from Kuwait, accounting for a approx. X% share of total exports.
From 2012 to 2017, the average annual rate of growth in terms of volume to Oman was relatively modest.
From 2012 to 2017, the average annual growth rate of value to Oman was relatively modest.
Export Prices by Country
In 2017, the average titanium export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure in 2017 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2017, the rate of growth in terms of prices for Oman amounted to X% per year.
Titanium Imports
Imports into Kuwait
Titanium imports into Kuwait totaled X kg in 2021, therefore, remained relatively stable against the year before. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X kg. From 2016 to 2021, the growth imports remained at a lower figure.
In value terms, titanium imports stood at $X in 2021. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports remained at a somewhat lower figure.
Imports by Country
In 2021, the UK (X kg) was the main supplier of titanium to Kuwait, with a approx. X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled -X%.
In value terms, the UK ($X) constituted the largest supplier of titanium to Kuwait.
From 2012 to 2021, the average annual growth rate of value from the UK stood at -X%.
Import Prices by Country
In 2021, the average titanium import price amounted to $X per ton, stabilizing at the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +X% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the titanium market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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