Kuwait - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in Kuwait - 2021
Contents:
- Monocarboxylic Acid Price in Kuwait (CIF) - 2022
- Monocarboxylic Acid Price in Kuwait (FOB) - 2022
- Monocarboxylic Acid Imports in Kuwait
- Monocarboxylic Acid Exports in Kuwait
Monocarboxylic Acid Price in Kuwait (CIF) - 2022
The average monocarboxylic acid import price stood at $3,838 per ton in 2022, with an increase of 81% against the previous year. In general, the import price continues to indicate a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($4,071 per ton), while the price for the United States ($663 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Monocarboxylic Acid Price in Kuwait (FOB) - 2022
In 2021, the average monocarboxylic acid export price amounted to $2,618 per ton, flattening at the previous year. Overall, the export price showed a perceptible expansion. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,279 per ton in 2019; however, from 2020 to 2021, 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 Turkey.
From 2015 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.
Monocarboxylic Acid Imports in Kuwait
For the third consecutive year, Kuwait recorded decline in purchases abroad of acrylic acid and its salts and other monocarboxylic acid, which decreased by -78.8% to 38 tons in 2022. Over the period under review, imports saw a dramatic slump. The smallest decline of -21.8% was in 2021.
In value terms, monocarboxylic acid imports contracted remarkably to $148K in 2022. Overall, imports recorded a dramatic downturn. The smallest decline of -20.9% was in 2021.
| Import of Monocarboxylic Acid in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 680 | 411 | 331 | 128 | -42.7% |
| Saudi Arabia | 154 | 27.6 | 30.8 | 11.6 | -57.8% |
| France | 23.0 | 9.3 | 5.1 | 1.3 | -61.6% |
| United States | 11.2 | 4.4 | 1.8 | 1.3 | -51.2% |
| Others | 30.7 | 33.5 | 16.0 | 5.4 | -44.0% |
| Total | 898 | 486 | 384 | 148 | -45.2% |
Top Suppliers of Monocarboxylic Acid to Kuwait in 2022:
- United Arab Emirates (31.5 tons)
- Saudi Arabia (3.2 tons)
- United States (2.0 tons)
- France (1.5 tons)
Monocarboxylic Acid Exports in Kuwait
In 2021, the amount of acrylic acid and its salts and other monocarboxylic acid exported from Kuwait stood at 7.2 tons, standing approx. at the previous year's figure. Over the period under review, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, monocarboxylic acid exports stood at $19K in 2021. Overall, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the near future.
| Export of Monocarboxylic Acid in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Turkey | N/A | N/A | 18.8 | 0% | |
| Qatar | 8.9 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 8.9 | N/A | 18.8 | 45.3% | |
Top Export Markets for Monocarboxylic Acid from Kuwait in 2022:
- Turkey (7.2 tons)
This report provides an in-depth analysis of the monocarboxylic acid 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.
Product coverage:
- Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid
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
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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