Price for Salts of Oxometallic or Peroxometallic Acids in Kuwait - 2022

Price for Salts of Oxometallic or Peroxometallic Acids in Kuwait (CIF) - 2022

In 2022, the average import price for salts of oxometallic or peroxometallic acidses amounted to $7,955 per ton, with an increase of 44% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The growth pace was the most rapid in 2015 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $15,800 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($82,368 per ton), while the price for India ($1,345 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.8%), while the prices for the other major suppliers experienced a decline.

Price for Salts of Oxometallic or Peroxometallic Acids in Kuwait (FOB) - 2022

The average export price for salts of oxometallic or peroxometallic acidses stood at $14,090 per ton in 2020, jumping by 62% against the previous year. In general, the export price recorded a strong increase. The pace of growth was the most pronounced in 2019 an increase of 165%. The export price peaked in 2020 and is likely to continue growth in the immediate term.

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

From 2013 to 2020, the rate of growth in terms of prices for the United States amounted to +107.2% per year.

Imports of Salts of Oxometallic or Peroxometallic Acids in Kuwait

In 2022, after three years of growth, there was significant decline in supplies from abroad of salts of oxometallic or peroxometallic acidses, when their volume decreased by -31.8% to 7.3 tons. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 59%.

In value terms, imports of salts of oxometallic or peroxometallic acidses dropped modestly to $58K in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.

Import of Salts of Oxometallic or Peroxometallic Acids in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	4.0	8.4	15.3	20.3	71.8%
India	6.4	8.5	13.4	7.5	5.4%
Germany	7.7	7.4	6.2	1.7	-39.6%
Saudi Arabia	3.5	4.9	3.4	1.0	-34.1%
United Arab Emirates	6.6	3.3	0.6	0.8	-50.5%
China	3.5	2.7	3.5	0.8	-38.9%
Australia	0.4	0.4	0.4	0.1	-37.0%
Others	11.0	21.2	16.0	25.5	32.3%
Total	43.2	56.8	58.8	57.8	10.2%

Top Suppliers of Salts of Oxometallic or Peroxometallic Acids to Kuwait in 2022:

India (5586.0 kg)
Germany (396.0 kg)
Saudi Arabia (306.0 kg)
China (259.0 kg)
Italy (247.0 kg)
United Arab Emirates (242.0 kg)
Australia (82.0 kg)

Exports of Salts of Oxometallic or Peroxometallic Acids in Kuwait

In 2020, exports of salts of oxometallic or peroxometallic acidses from Kuwait soared to 11 tons, rising by 653% on 2019 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of salts of oxometallic or peroxometallic acidses surged to $154K in 2020. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.