Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait - 2022

Contents:

  1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait (CIF) - 2022
  2. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait (CIF) - 2022

The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,262 per ton in 2022, jumping by 25% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 52%. Over the period under review, average import prices attained the peak figure at $2,556 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,262 per ton), while the price for the United Arab Emirates ($2,261 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait

After two years of decline, purchases abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by 164% to 197 tons in 2022. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $445K in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia15912099.440136.1%
United States39.831.316.534.8-4.4%
United Arab Emirates19.616.05.19.3-22.0%
China9.78.012.6N/A14.0%
Others1.91.71.5N/A-11.1%
Total23017713544524.6%

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Kuwait in 2022:

  1. Saudi Arabia (177.3 tons)
  2. United States (15.4 tons)
  3. United Arab Emirates (4.1 tons)

Source: IndexBox Market Intelligence Platform

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