Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait - 2022

Contents:

1. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait (FOB) - 2022
2. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait (CIF) - 2022
3. Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait
4. Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait (FOB) - 2022

In 2022, the average export price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $500 per ton, leveling off at the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5.3%. As a result, the export price reached the peak level of $1,255 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -6.0% per year.

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait (CIF) - 2022

The average import price for oils and products of the distillation of high temperature coal tar; benzoles stood at $2,803 per ton in 2022, with an increase of 5.4% against the previous year. Over the period under review, the import price, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. As a result, import price reached the peak level of $11,123 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,617 per ton), while the price for China ($559 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 States (-4.1%), while the prices for the other major suppliers experienced a decline.

Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait

For the fourth consecutive year, Kuwait recorded growth in shipments abroad of oils and products of the distillation of high temperature coal tar; benzoles, which increased by 33% to 1.3K tons in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,195%. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; benzoles attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of oils and products of the distillation of high temperature coal tar; benzoles skyrocketed to $667K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,316% against the previous year. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; benzoles reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole from Kuwait in 2022:

1. United Arab Emirates (1.3K tons)

Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Kuwait

In 2022, after three years of growth, there was significant decline in supplies from abroad of oils and products of the distillation of high temperature coal tar; benzoles, when their volume decreased by -22.9% to 2.1 tons. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 95% against the previous year. As a result, imports attained the peak of 2.8 tons, and then reduced notably in the following year.

In value terms, imports of oils and products of the distillation of high temperature coal tar; benzoles shrank significantly to $6K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports reached the peak of $7.4K, and then declined notably in the following year.

Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole to Kuwait in 2022:

1. United States (1815.0 kg)
2. Netherlands (175.0 kg)
3. China (152.0 kg)

Source: IndexBox Market Intelligence Platform