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Kuwait - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights
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Ethylene Glycol Market Size in Kuwait
The Kuwaiti ethylene glycol market fell remarkably to $X in 2022, with a decrease of -43.1% against the previous year. Over the period under review, consumption, however, enjoyed strong growth. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.
Ethylene Glycol Production in Kuwait
In value terms, ethylene glycol production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.
Ethylene Glycol Exports
Exports from Kuwait
In 2022, ethylene glycol exports from Kuwait dropped slightly to X tons, waning by -3.8% compared with 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 23%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, ethylene glycol exports reduced to $X in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 53%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
India (X tons) was the main destination for ethylene glycol exports from Kuwait, accounting for a 47% share of total exports. Moreover, ethylene glycol exports to India exceeded the volume sent to the second major destination, Oman (X tons), threefold. The third position in this ranking was held by China (X tons), with a 15% share.
From 2012 to 2022, the average annual growth rate of volume to India amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-0.3% per year) and China (-9.9% per year).
In value terms, India ($X) remains the key foreign market for ethylene glycol (ethanediol) exports from Kuwait, comprising 45% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Oman, with a 14% share.
From 2012 to 2022, the average annual growth rate of value to India amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-15.2% per year) and Oman (-2.2% per year).
Export Prices by Country
The average ethylene glycol export price stood at $X per ton in 2022, falling by -11.3% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-1.9%), while the prices for the other major destinations experienced a decline.
Ethylene Glycol Imports
Imports into Kuwait
In 2022, approx. X tons of ethylene glycol (ethanediol) were imported into Kuwait; reducing by -4.3% against 2021 figures. Over the period under review, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2017 when imports increased by 169%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.
In value terms, ethylene glycol imports declined to $X in 2022. In general, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2017 with an increase of 95% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.
Imports by Country
India (X tons), Iran (X tons) and Saudi Arabia (X tons) were the main suppliers of ethylene glycol imports to Kuwait, with a combined 76% share of total imports. China, the United Arab Emirates and the United States lagged somewhat behind, together accounting for a further 20%.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +27.1%), while purchases for the other leaders experienced a decline.
In value terms, the largest ethylene glycol suppliers to Kuwait were India ($X), Saudi Arabia ($X) and China ($X), together comprising 72% of total imports.
Among the main suppliers, China, with a CAGR of +24.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
The average ethylene glycol import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Iran ($X 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 (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ethylene glycol market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142310 - Ethylene glycol (ethanediol)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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