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Kuwait - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolystyrene Price in Kuwait - 2021
Contents:
- Polystyrene Price in Kuwait (CIF) - 2021
- Polystyrene Price in Kuwait (FOB) - 2022
- Polystyrene Imports in Kuwait
- Polystyrene Exports in Kuwait
Polystyrene Price in Kuwait (CIF) - 2021
In December 2021, the average polystyrene import price amounted to $1,927 per ton, surging by 11% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Saudi Arabia ($2,000 per ton), while the price for China ($1,836 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Polystyrene Price in Kuwait (FOB) - 2022
In 2022, the average polystyrene export price amounted to $2,008 per ton, approximately mirroring the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 102% against the previous year. The export price peaked at $2,019 per ton in 2021, and then contracted modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +8.4% per year.
Polystyrene Imports in Kuwait
In 2022, the amount of polystyrene imported into Kuwait dropped slightly to 14K tons, approximately mirroring the previous year. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 1.4%.
In value terms, polystyrene imports shrank to $21M in 2022. Overall, imports recorded a slight decline. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of $24M, and then declined in the following year.
Import of Polystyrene in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 1.2 | 4.7 | 9.4 | 7.9 | 87.4% |
Taiwan (Chinese) | 8.0 | 3.3 | 6.8 | 6.2 | -8.1% |
China | 5.6 | 1.9 | 3.3 | 2.3 | -25.7% |
Iran | 3.2 | 0.5 | 1.5 | 1.8 | -17.5% |
Pakistan | 0.5 | 0.6 | 1.5 | 1.2 | 33.9% |
Thailand | 0.9 | 0.6 | 0.5 | 0.6 | -12.6% |
India | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
Turkey | 1.4 | 1.5 | 0.1 | 0.2 | -47.7% |
Others | 1.6 | 5.0 | 0.8 | 0.8 | -20.6% |
Total | 22.4 | 18.4 | 24.2 | 21.3 | -1.7% |
Top Suppliers of Polystyrene to Kuwait in 2022:
- Saudi Arabia (4.9K tons)
- Taiwan (Chinese) (4.6K tons)
- China (1.6K tons)
- Iran (1.2K tons)
- Pakistan (0.8K tons)
- Thailand (0.3K tons)
- India (0.2K tons)
- Turkey (0.1K tons)
Polystyrene Exports in Kuwait
After two years of decline, shipments abroad of polystyrene increased by 6.2% to 11 tons in 2022. Overall, exports, however, recorded a drastic downturn.
In value terms, polystyrene exports rose sharply to $23K in 2022. Over the period under review, exports, however, showed a deep contraction.
Export of Polystyrene in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bahrain | 19.9 | 21.6 | 19.3 | 20.1 | 0.3% |
Cyprus | 4.0 | N/A | N/A | N/A | 0% |
Others | 2.7 | 2.3 | 2.2 | 2.6 | -1.3% |
Total | 26.6 | 23.9 | 21.5 | 22.7 | -5.1% |
Top Export Markets for Polystyrene from Kuwait in 2022:
- Bahrain (11.2 tons)
This report provides an in-depth analysis of the polystyrene 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 20162035 - Expansible polystyrene, in primary forms
- Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)
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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