Kuwait - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in Kuwait - 2021
Contents:
- Alkyd Resins Price in Kuwait (FOB) - 2021
- Alkyd Resins Price in Kuwait (CIF) - 2022
- Alkyd Resins Exports in Kuwait
- Alkyd Resins Imports in Kuwait
Alkyd Resins Price in Kuwait (FOB) - 2021
In December 2021, the average alkyd resins export price amounted to $1,560 per ton, growing by 2.5% against the previous month. Over the period under review, export price indicated mild growth from January 2021 to December 2021: its price increased at an average monthly rate of +1.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, alkyd resins export price increased by +8.4% against June 2021 indices. The growth pace was the most rapid in April 2021 when the average export price increased by 51% month-to-month. As a result, the export price attained the peak level of $2,395 per ton. From May 2021 to December 2021, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2021, the country with the highest price was Qatar ($1,586 per ton), while the average price for exports to Jordan stood at $1,453 per ton.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Alkyd Resins Price in Kuwait (CIF) - 2022
The average alkyd resins import price stood at $1,586 per ton in 2022, shrinking by -13.1% against the previous year. In general, the import price recorded a slight decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33% against the previous year. The import price peaked at $1,837 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,640 per ton), while the price for Egypt ($479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Alkyd Resins Exports in Kuwait
In 2022, after three years of growth, there was significant decline in overseas shipments of alkyd resins in primary forms, when their volume decreased by -23.9% to 848 tons. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then declined dramatically in the following year.
In value terms, alkyd resins exports declined notably to $1.1M in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 83%. As a result, the exports attained the peak of $1.5M, and then contracted dramatically in the following year.
| Export of Alkyd Resins in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 307 | 354 | 529 | 434 | 12.2% |
| Qatar | 209 | 296 | 581 | 378 | 21.8% |
| Senegal | N/A | 17.8 | 109 | 178 | 216.2% |
| Saudi Arabia | 61.8 | 54.7 | 106 | 72.6 | 5.5% |
| Jordan | 7.0 | 1.0 | 31.5 | 27.0 | 56.8% |
| Yemen | 20.8 | 21.1 | 27.6 | 19.9 | -1.5% |
| Burkina Faso | N/A | 31.7 | 49.1 | N/A | 54.9% |
| Others | 19.9 | 17.9 | 20.8 | 15.3 | -8.4% |
| Total | 625 | 795 | 1,454 | 1,124 | 21.6% |
Top Export Markets for Alkyd Resins from Kuwait in 2022:
- Oman (293.5 tons)
- Qatar (255.1 tons)
- Senegal (192.3 tons)
- Saudi Arabia (52.7 tons)
- Yemen (26.8 tons)
- Jordan (12.8 tons)
Alkyd Resins Imports in Kuwait
In 2022, after two years of decline, there was significant growth in overseas purchases of alkyd resins in primary forms, when their volume increased by 7% to 178 tons. Overall, imports, however, continue to indicate a abrupt shrinkage.
In value terms, alkyd resins imports reduced to $282K in 2022. Over the period under review, imports, however, recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 17%.
| Import of Alkyd Resins in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 139 | 85.7 | 121 | 144 | 1.2% |
| Saudi Arabia | 77.8 | 63.1 | 60.2 | 54.0 | -11.5% |
| Indonesia | 81.6 | 59.4 | 46.8 | 41.1 | -20.4% |
| Netherlands | 6.3 | 7.5 | 24.3 | 9.9 | 16.3% |
| Egypt | 20.6 | 13.7 | 9.9 | 7.9 | -27.3% |
| Others | 24.0 | 30.9 | 41.1 | 25.0 | 1.4% |
| Total | 350 | 260 | 303 | 282 | -6.9% |
Top Suppliers of Alkyd Resins to Kuwait in 2022:
- United Arab Emirates (79.8 tons)
- Saudi Arabia (47.6 tons)
- Indonesia (19.8 tons)
- Egypt (16.6 tons)
- Netherlands (3.8 tons)
This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms
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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