Alkali Metals; Sodium Price in Kuwait - 2022
Contents:
Alkali Metals; Sodium Price in Kuwait (CIF) - 2022
The average alkali metals; sodium import price stood at $868 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15%. As a result, import price attained the peak level of $1,356 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($3,894 per ton), while the price for China ($122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.1%), while the prices for the other major suppliers experienced a decline.
Alkali Metals; Sodium Imports in Kuwait
In 2022, approx. 1.2 tons of alkali metals; sodia were imported into Kuwait; therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, alkali metals; sodium imports reached $1.1K in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. As a result, imports reached the peak of $1.1K; afterwards, it flattened through to 2022.
| Import of Alkali Metals; Sodium in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 516 | 657 | 709 | 760 | 13.8% |
| Saudi Arabia | 228 | 244 | 221 | 198 | -4.6% |
| United Kingdom | 117 | 113 | 93.0 | 75.0 | -13.8% |
| China | 30.0 | 27.0 | 22.0 | 17.0 | -17.2% |
| Others | 44.0 | 42.0 | 34.0 | 31.0 | -11.0% |
| Total | 935 | 1,083 | 1,079 | 1,081 | 5.0% |
Top Suppliers of Alkali Metals; Sodium to Kuwait in 2022:
- Saudi Arabia (613.0 kg)
- Sweden (431.0 kg)
- China (140.0 kg)
- United Kingdom (19.0 kg)
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