Salts; Molybdates Price in Kuwait - 2021
Contents:
Salts; Molybdates Price in Kuwait (CIF) - 2022
The average salts; molybdates import price stood at $256,762 per ton in 2022, jumping by 50% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 175% against the previous year. Over the period under review, average import prices attained the peak figure at $1,798,323 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Japan ($1,416,000 per ton), while the price for China ($69,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced a decline.
Salts; Molybdates Imports in Kuwait
In 2022, approx. 80 kg of salts; molybdateses were imported into Kuwait; picking up by 471% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, salts; molybdates imports soared to $21K in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,382%. As a result, imports reached the peak of $39K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Salts; Molybdates in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.4 | 0.5 | 0.2 | 7.6 | 166.8% |
Saudi Arabia | 1.3 | 9.9 | 1.3 | 7.5 | 79.4% |
United Kingdom | 0.1 | 1.3 | 0.2 | 1.4 | 141.0% |
Germany | 0.1 | 0.4 | 0.1 | 0.3 | 44.2% |
China | 0.1 | 0.5 | 0.1 | 0.3 | 44.2% |
Belgium | 0.1 | 0.5 | N/A | 0.1 | 0.0% |
South Korea | N/A | 22.8 | N/A | N/A | 0% |
Others | 0.6 | 2.8 | 0.6 | 3.3 | 76.5% |
Total | 2.6 | 38.7 | 2.4 | 20.5 | 99.0% |
Top Suppliers of Salts; Molybdates to Kuwait in 2022:
- Saudi Arabia (33.0 kg)
- India (32.0 kg)
- United Kingdom (6.0 kg)
- China (4.0 kg)
- Germany (1.0 kg)
- Belgium (1.0 kg)
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