Price for Silicates; Commercial Alkali Metal Silicates in Kuwait - 2021
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Kuwait (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Kuwait (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Kuwait
- Exports of Silicates; Commercial Alkali Metal Silicates in Kuwait
Price for Silicates; Commercial Alkali Metal Silicates in Kuwait (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $764 per ton, with a decrease of -8.7% against the previous year. In general, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 19%. The import price peaked at $1,135 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 the Netherlands ($3,463 per ton), while the price for India ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.4%), while the prices for the other major suppliers experienced a decline.
Price for Silicates; Commercial Alkali Metal Silicates in Kuwait (FOB) - 2022
The average export price for silicates; commercial alkali metal silicateses stood at $617 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $2,142 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($702 per ton), while the average price for exports to Qatar totaled $605 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.2%).
Imports of Silicates; Commercial Alkali Metal Silicates in Kuwait
In 2022, approx. 1.8K tons of silicates; commercial alkali metal silicateses were imported into Kuwait; which is down by -10.5% on the previous year. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 2K tons, and then shrank in the following year.
In value terms, silicates; commercial alkali metal silicates imports fell sharply to $1.4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% 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 +28.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. As a result, imports attained the peak of $1.7M, and then fell remarkably in the following year.
| Import of Silicates; Commercial Alkali Metal Silicates in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 453 | 443 | 733 | 508 | 3.9% |
| China | 338 | 76.1 | 175 | 262 | -8.1% |
| Netherlands | 56.5 | 98.7 | 316 | 183 | 48.0% |
| Saudi Arabia | 102 | 110 | 187 | 143 | 11.9% |
| United Arab Emirates | 29.5 | 56.2 | 67.7 | 33.1 | 3.9% |
| Egypt | 33.0 | 31.4 | 31.2 | 25.3 | -8.5% |
| India | 37.5 | 17.6 | 56.4 | 14.2 | -27.7% |
| Oman | 6.8 | 7.5 | 9.1 | 7.7 | 4.2% |
| Others | 128 | 233 | 116 | 207 | 17.4% |
| Total | 1,184 | 1,074 | 1,692 | 1,383 | 5.3% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Kuwait in 2022:
- China (602.7 tons)
- Italy (557.5 tons)
- Saudi Arabia (372.6 tons)
- India (54.1 tons)
- Netherlands (52.9 tons)
- United Arab Emirates (43.4 tons)
- Egypt (36.6 tons)
- Oman (29.0 tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Kuwait
After three years of growth, shipments abroad of silicates; commercial alkali metal silicateses decreased by -44.6% to 13 tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 825%. As a result, the exports reached the peak of 24 tons, and then reduced rapidly in the following year.
In value terms, silicates; commercial alkali metal silicates exports contracted rapidly to $8.3K in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 733% against the previous year. As a result, the exports attained the peak of $15K, and then dropped notably in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 0.1 | 1.5 | 5.7 | 7.1 | 314.1% |
| India | N/A | 0.2 | 1.3 | 1.2 | 144.9% |
| Iraq | N/A | N/A | 7.8 | N/A | 0% |
| Oman | 0.2 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 0.7 | 1.8 | 14.8 | 8.3 | 128.0% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Kuwait in 2022:
- Qatar (11.8 tons)
- India (1.7 tons)
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