Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $621 per ton in 2022, declining by -40.2% against the previous year. In general, the import price saw a slight decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 128%. Over the period under review, average import prices attained the peak figure at $1,151 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,547 per ton), while the price for China ($405 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 (+9.1%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $975 per ton in 2021, approximately mirroring the previous year. In general, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 348% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,488 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 Ghana.
From 2014 to 2021, the rate of growth in terms of prices for Egypt amounted to +78.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait
In 2022, after two years of decline, there was significant growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 287% to 340 tons. In general, imports recorded a perceptible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $211K in 2022. Over the period under review, imports, however, recorded a slight downturn.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.0 | 57.9 | 30.0 | 84.1 | -0.4% |
| Saudi Arabia | 5.3 | 13.1 | 11.2 | 12.9 | 34.5% |
| United Arab Emirates | 41.4 | 37.6 | 0.2 | 5.5 | -49.0% |
| Others | 92.3 | 71.6 | 49.9 | 109 | 5.7% |
| Total | 224 | 180 | 91.3 | 211 | -2.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Kuwait in 2022:
- China (207.4 tons)
- Saudi Arabia (14.0 tons)
- United Arab Emirates (3.5 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait
Exports of acids; saturated acyclic monocarboxylic acids; formic acids from Kuwait totaled 2.5 tons in 2021, therefore, remained relatively stable against the previous year's figure. Overall, exports continue to indicate a dramatic descent. The smallest decline of 99.9% was in 2020.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids amounted to $2.4K in 2021. In general, exports saw a dramatic decrease. The smallest decline of 99.9% was in 2020.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kuwait (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Ghana | N/A | N/A | 1.2 | 0% |
| Egypt | 71.0 | N/A | N/A | 0% |
| Others | N/A | N/A | 1.2 | 0% |
| Total | 71.0 | N/A | 2.4 | -81.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Kuwait in 2022:
- Ghana (1.3 tons)
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