Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait - 2022

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait (FOB) - 2022
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait (CIF) - 2022
3. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait
4. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait (FOB) - 2022

In 2022, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,586 per ton, rising by 64% against the previous year. Over the period under review, export price indicated prominent growth from 2013 to 2022: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for polymers of propylene or of other olefins, in primary formses increased by +105.6% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,593 per ton) and Pakistan ($1,591 per ton), while the average price for exports to Italy ($1,591 per ton) and Qatar ($1,591 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait (CIF) - 2022

In December 2022, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,865 per ton, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in January 2022 when the average import price increased by 20% m-o-m. The import price peaked at $2,009 per ton in August 2022; however, from September 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,217 per ton), while the price for the United Arab Emirates ($1,772 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait

In 2022, shipments abroad of polymers of propylene or of other olefins, in primary formses decreased by -55.8% to 41K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 736% against the previous year. As a result, the exports reached the peak of 102K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polymers of propylene or of other olefins, in primary formses dropped markedly to $65M in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 908% against the previous year. As a result, the exports attained the peak of $108M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Kuwait in 2022:

1. Pakistan (28.0K tons)
2. India (5.0K tons)
3. Portugal (1.6K tons)
4. Jordan (1.6K tons)
5. Egypt (1.5K tons)
6. Qatar (1.4K tons)
7. Italy (1.1K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Kuwait

In 2022, the amount of polymers of propylene or of other olefins, in primary formses imported into Kuwait shrank to 9.6K tons, which is down by -8.1% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of 10K tons, and then contracted in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses soared to $18M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Kuwait in 2022:

1. United Arab Emirates (5.6K tons)
2. Saudi Arabia (3.0K tons)
3. India (0.2K tons)
4. United States (0.2K tons)
5. Italy (0.1K tons)
6. South Korea (0.1K tons)

Source: IndexBox Market Intelligence Platform