Kuwait: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Kuwait

The Kuwaiti bituminous mixtures market amounted to $X in 2023, approximately reflecting the previous year. Over the period under review, consumption, however, posted a resilient increase. Bituminous mixtures consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Bituminous Mixtures Production in Kuwait

In value terms, bituminous mixtures production stood at $X in 2023 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Kuwait

In 2023, after two years of decline, there was significant growth in shipments abroad of bituminous mixtures, when their volume increased by X% to X tons. In general, exports, however, showed a slight descent. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, bituminous mixtures exports surged to $X in 2023. Over the period under review, exports recorded a resilient increase. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons), Iraq (X tons) and Yemen (X tons) were the main destinations of bituminous mixtures exports from Kuwait, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bituminous mixtures exported from Kuwait were Qatar ($X), Iraq ($X) and Yemen ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average bituminous mixtures export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bituminous Mixtures Imports

Imports into Kuwait

After three years of decline, supplies from abroad of bituminous mixtures increased by X% to X tons in 2023. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, bituminous mixtures imports soared to $X in 2023. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest supplier of bituminous mixtures to Kuwait, with a X% share of total imports. Moreover, bituminous mixtures imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Jordan (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and India (X% per year).

In value terms, the largest bituminous mixtures suppliers to Kuwait were the United Arab Emirates ($X), India ($X) and South Korea ($X), together comprising X% of total imports. Jordan, the UK, Saudi Arabia, China and Bahrain lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average bituminous mixtures import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform