Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait - 2022
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait (CIF) - 2022
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait (CIF) - 2022
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,202 per ton in 2022, which is down by -3% against the previous year. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49% against the previous year. The import price peaked at $6,997 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($6,431 per ton), while the price for China ($1,737 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+40.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $1,054 per ton in 2022, dropping by -23.6% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 98%. As a result, the export price reached the peak level of $2,868 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,057 per ton), while the average price for exports to Saudi Arabia totaled $1,054 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+15.4%), while the prices for the other major destinations experienced a decline.
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait
In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium into Kuwait surged to 1.2K tons, jumping by 26% against the year before. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium soared to $6.4M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 1,834 | 1,066 | 1,718 | 2,260 | 7.2% |
| Germany | 290 | 488 | 566 | 1,089 | 55.4% |
| United Kingdom | 266 | 284 | 440 | 461 | 20.1% |
| Saudi Arabia | 73.1 | 177 | 167 | 405 | 76.9% |
| Austria | N/A | 48.6 | 333 | 302 | 149.3% |
| Italy | 124 | 73.9 | 166 | 272 | 29.9% |
| Jordan | N/A | N/A | N/A | 263 | 0% |
| Netherlands | 139 | 140 | 54.9 | 163 | 5.5% |
| China | 69.0 | 84.2 | 188 | 159 | 32.1% |
| United States | 164 | 53.7 | 114 | 151 | -2.7% |
| United Arab Emirates | 725 | 378 | 548 | 151 | -40.7% |
| Lebanon | 76.6 | 16.1 | 188 | 140 | 22.3% |
| Japan | 46.9 | 0.2 | 45.4 | 123 | 37.9% |
| Others | 787 | 391 | 669 | 416 | -19.1% |
| Total | 4,595 | 3,200 | 5,197 | 6,355 | 11.4% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Kuwait in 2022:
- Egypt (351.4 tons)
- Saudi Arabia (221.9 tons)
- Germany (169.4 tons)
- China (91.4 tons)
- United Kingdom (71.6 tons)
- Austria (47.0 tons)
- Lebanon (45.7 tons)
- Italy (42.3 tons)
- Jordan (40.9 tons)
- Netherlands (25.4 tons)
- United States (23.5 tons)
- United Arab Emirates (23.4 tons)
- Japan (19.1 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait
Exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium from Kuwait skyrocketed to 262 tons in 2022, growing by 151% compared with the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium soared to $277K in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 142 | 102 | 227 | 26.4% |
| United Arab Emirates | N/A | 6.8 | 0.8 | 49.4 | 169.5% |
| China | N/A | 3.6 | N/A | N/A | 0% |
| Qatar | 20.2 | 21.2 | 38.8 | N/A | 38.6% |
| Lebanon | 53.0 | 28.2 | N/A | N/A | -46.8% |
| Iraq | 35.8 | 18.0 | N/A | N/A | -49.7% |
| Others | 41.3 | N/A | 2.3 | N/A | -76.4% |
| Total | 150 | 220 | 144 | 277 | 22.7% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Kuwait in 2022:
- Saudi Arabia (215.7 tons)
- United Arab Emirates (46.7 tons)
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