Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Kuwait - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Kuwait (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Kuwait
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Kuwait (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,477 per ton in 2022, increasing by 7.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $3,336 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 ($4,502 per ton), while the price for the Netherlands ($2,074 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Kuwait
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -37.5% to 60 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2020 when imports increased by 121% against the previous year. As a result, imports reached the peak of 148 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses reduced remarkably to $149K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 146%. As a result, imports attained the peak of $361K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 41.0 | 154 | 96.0 | 51.6 | 8.0% |
| United States | 19.6 | 28.3 | 5.6 | 24.6 | 7.9% |
| Italy | N/A | N/A | 36.3 | 21.7 | -40.2% |
| Saudi Arabia | 22.2 | 41.8 | 23.2 | 17.7 | -7.3% |
| United Arab Emirates | 4.6 | 14.4 | 15.5 | 9.9 | 29.1% |
| United Kingdom | 7.0 | 41.6 | 3.0 | 8.5 | 6.7% |
| France | 4.0 | 10.8 | 6.8 | 4.2 | 1.6% |
| Netherlands | 34.8 | 24.8 | 13.1 | 1.6 | -64.2% |
| Others | 13.8 | 44.8 | 22.1 | 9.8 | -10.8% |
| Total | 147 | 361 | 222 | 149 | 0.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Kuwait in 2022:
- Germany (23.3 tons)
- United States (11.8 tons)
- Italy (10.5 tons)
- United Arab Emirates (4.7 tons)
- Saudi Arabia (4.5 tons)
- France (2.0 tons)
- United Kingdom (1.9 tons)
- Netherlands (0.8 tons)
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