Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait - 2022
Contents:
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait (CIF) - 2022
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait (FOB) - 2022
- Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait
- Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait (CIF) - 2022
In 2022, the average import price for silicon; containing by weight less than 99.99% of silica amounted to $3,781 per ton, surging by 17% against the previous year. In general, the import price enjoyed pronounced growth. The growth pace was the most rapid in 2019 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 United Arab Emirates ($5,562 per ton), while the price for Italy ($1,980 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait (FOB) - 2022
In 2022, the average export price for silicon; containing by weight less than 99.99% of silica amounted to $3,138 per ton, with a decrease of -10.6% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 59%. The export price peaked at $3,508 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,439 per ton), while the average price for exports to the Czech Republic stood at $3,120 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.3%).
Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait
After two years of decline, purchases abroad of silicon; containing by weight less than 99.99% of silica increased by 26% to 47 tons in 2022. In general, imports, however, recorded a noticeable decline.
In value terms, imports of silicon; containing by weight less than 99.99% of silica soared to $178K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.7 | 44.4 | 71.0 | 118 | 105.0% |
| Saudi Arabia | 31.9 | 42.3 | 36.7 | 26.9 | -5.5% |
| South Korea | 33.6 | 17.4 | 3.7 | 17.7 | -19.2% |
| United Arab Emirates | 3.8 | 2.6 | 3.3 | 4.4 | 5.0% |
| Turkey | 1.9 | 0.9 | 0.8 | 4.0 | 28.2% |
| Italy | 1.6 | 1.2 | 1.7 | 2.3 | 12.9% |
| Others | 6.0 | 3.0 | 2.8 | 4.4 | -9.8% |
| Total | 92.6 | 112 | 120 | 178 | 24.3% |
Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to Kuwait in 2022:
- China (29.3 tons)
- South Korea (8.8 tons)
- Saudi Arabia (5.6 tons)
- Italy (1.1 tons)
- Turkey (1.0 tons)
- United Arab Emirates (0.8 tons)
Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait
For the fourth year in a row, Kuwait recorded growth in shipments abroad of silicon; containing by weight less than 99.99% of silica, which increased by 108% to 25 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 487%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of silicon; containing by weight less than 99.99% of silica skyrocketed to $79K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 619% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Silicon; Containing by Weight Less than 99.99% of Silicon in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | N/A | 74.4 | 0% |
| United Arab Emirates | 3.5 | 5.9 | 42.6 | 4.8 | 11.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.5 | 5.9 | 42.6 | 79.2 | 182.8% |
Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from Kuwait in 2022:
- Czech Republic (23.8 tons)
- United Arab Emirates (1.4 tons)
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