Price for Inorganic Acids; Other than Hydrogen Fluoride in Kuwait - 2022
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Kuwait (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Kuwait (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Kuwait
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Kuwait
Price for Inorganic Acids; Other than Hydrogen Fluoride in Kuwait (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $1,199 per ton, with an increase of 20% against the previous year. Overall, the import price, however, saw a mild slump. Over the period under review, average import prices hit record highs at $1,656 per ton in 2014; however, from 2015 to 2022, 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 China ($2,510 per ton), while the price for India amounted to $1,144 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Kuwait (FOB) - 2022
The average export price for inorganic acids; other than hydrogen fluorides stood at $2,407 per ton in 2022, jumping by 108% against the previous year. Overall, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Iraq.
From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to +23.0% per year.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Kuwait
In 2022, approx. 972 tons of inorganic acids; other than hydrogen fluorides were imported into Kuwait; growing by 651% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $1.2M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 32.4 | 30.5 | 11.7 | 1,073 | 221.1% |
| China | 38.6 | 51.9 | 29.8 | 83.8 | 29.5% |
| Saudi Arabia | 77.4 | 71.4 | 59.0 | N/A | -12.7% |
| Others | 26.6 | 30.6 | 29.1 | 9.3 | -29.6% |
| Total | 175 | 184 | 130 | 1,166 | 88.2% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Kuwait in 2022:
- India (937.4 tons)
- China (33.4 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Kuwait
For the third consecutive year, Kuwait recorded decline in overseas shipments of inorganic acids; other than hydrogen fluorides, which decreased by -55.4% to 2.7 tons in 2022. Over the period under review, exports showed a sharp reduction. The smallest decline of -33.2% was in 2020.
In value terms, exports of inorganic acids; other than hydrogen fluorides contracted to $6.5K in 2022. Overall, exports showed a perceptible contraction. The smallest decline of -3.6% was in 2021.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 6.5 | 0% |
| Jordan | 0.7 | 0.5 | 0.4 | N/A | -24.4% |
| Saudi Arabia | 6.8 | 6.7 | 6.6 | N/A | -1.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 7.2 | 7.0 | 6.5 | -4.7% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Kuwait in 2022:
- Iraq (2.7 tons)
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