Carbonates; Potassium Carbonate Price in Kuwait - 2021
Contents:
- Carbonates; Potassium Carbonate Price in Kuwait (CIF) - 2022
- Carbonates; Potassium Carbonate Imports in Kuwait
Carbonates; Potassium Carbonate Price in Kuwait (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $1,086 per ton, waning by -7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. As a result, import price attained the peak level of $1,307 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 China ($2,939 per ton), while the price for Jordan ($53 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.
Carbonates; Potassium Carbonate Imports in Kuwait
In 2022, purchases abroad of carbonates; potassium carbonates decreased by -27.5% to 266 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 182% against the previous year. As a result, imports reached the peak of 366 tons, and then dropped rapidly in the following year.
In value terms, carbonates; potassium carbonate imports declined rapidly to $288K in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 187%. As a result, imports attained the peak of $428K, and then declined notably in the following year.
| Import of Carbonates; Potassium Carbonate in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 105 | 133 | 380 | 259 | 35.1% |
| Ireland | 8.9 | 3.9 | 13.5 | 10.1 | 4.3% |
| South Korea | 3.4 | 4.1 | 9.8 | 5.6 | 18.1% |
| Jordan | 4.8 | 4.7 | 10.2 | 5.3 | 3.4% |
| United States | 0.4 | 0.4 | 7.4 | 3.9 | 113.6% |
| Others | 2.2 | 2.5 | 7.1 | 3.9 | 21.0% |
| Total | 125 | 149 | 428 | 288 | 32.1% |
Top Suppliers of Carbonates; Potassium Carbonate to Kuwait in 2022:
- Jordan (101.4 tons)
- China (88.3 tons)
- South Korea (45.7 tons)
- United States (14.8 tons)
- Ireland (6.7 tons)
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