Nitrile-Function Compounds Price in Kuwait - 2022
Contents:
- Nitrile-Function Compounds Price in Kuwait (CIF) - 2022
- Nitrile-Function Compounds Price in Kuwait (FOB) - 2022
- Nitrile-Function Compounds Imports in Kuwait
- Nitrile-Function Compounds Exports in Kuwait
Nitrile-Function Compounds Price in Kuwait (CIF) - 2022
In 2022, the average nitrile-function compounds import price amounted to $7,282 per ton, rising by 8.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. As a result, import price attained the peak level of $9,320 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($10,170 per ton), while the price for Italy ($6,442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.
Nitrile-Function Compounds Price in Kuwait (FOB) - 2022
In 2022, the average nitrile-function compounds export price amounted to $15,077 per ton, rising by 232% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 421%. Over the period under review, the average export prices hit record highs in 2022 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 the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.8% per year.
Nitrile-Function Compounds Imports in Kuwait
In 2022, the amount of nitrile-function compoundses imported into Kuwait declined to 24 tons, with a decrease of -8.9% against the year before. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 16%.
In value terms, nitrile-function compounds imports declined modestly to $176K in 2022. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 3.2%.
| Import of Nitrile-Function Compounds in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 133 | 135 | 119 | 123 | -2.6% |
| Italy | 8.5 | 15.5 | 20.2 | 11.3 | 10.0% |
| United Kingdom | 9.9 | 6.2 | 5.8 | 3.0 | -32.8% |
| Others | 51.3 | 16.0 | 33.6 | 37.9 | -9.6% |
| Total | 203 | 173 | 178 | 176 | -4.6% |
Top Suppliers of Nitrile-Function Compounds to Kuwait in 2022:
- China (17.5 tons)
- Italy (1.8 tons)
- United Kingdom (0.3 tons)
Nitrile-Function Compounds Exports in Kuwait
In 2022, overseas shipments of nitrile-function compoundses decreased by -68.3% to 5.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,272% against the previous year.
In value terms, nitrile-function compounds exports reached $82K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 531% against the previous year. As a result, the exports attained the peak of $87K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Nitrile-Function Compounds in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 9.1 | 8.5 | 8.7 | 82.3 | 108.3% |
| Saudi Arabia | N/A | 78.0 | 69.4 | N/A | -11.0% |
| Others | 4.6 | N/A | N/A | N/A | 0% |
| Total | 13.7 | 86.6 | 78.1 | 82.3 | 81.8% |
Top Export Markets for Nitrile-Function Compounds from Kuwait in 2022:
- United Arab Emirates (5.5 tons)
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