Price for Sulphites; Other than of Sodium in Kuwait - 2022

Price for Sulphites; Other than of Sodium in Kuwait (CIF) - 2022

The average import price for sulphites; other than of sodia stood at $720 per ton in 2022, declining by -6.3% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; other than of sodium import price increased by +43.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 75%. As a result, import price reached the peak level of $950 per ton. From 2016 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 the United Arab Emirates ($1,088 per ton), while the price for India ($359 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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sulphites; Other than of Sodium in Kuwait (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $931 per ton, leveling off at the previous year. In general, the export price enjoyed slight growth. The growth pace was the most rapid in 2017 when the average export price increased by 52%. As a result, the export price reached the peak level of $1,308 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2016 to 2022, the rate of growth in terms of prices for Qatar amounted to -6.6% per year.

Imports of Sulphites; Other than of Sodium in Kuwait

Sulphites; other than of sodium imports into Kuwait skyrocketed to 1.4K tons in 2022, picking up by 126% compared with 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern.

In value terms, sulphites; other than of sodium imports skyrocketed to $987K in 2022. Overall, imports enjoyed a buoyant increase.

Import of Sulphites; Other than of Sodium in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	458	469	141	305	-12.7%
United Arab Emirates	42.1	183	137	285	89.2%
Italy	20.6	276	137	284	139.8%
India	90.8	202	10.3	19.7	-39.9%
Saudi Arabia	7.6	13.2	4.0	9.7	8.5%
Others	99.6	364	37.2	83.6	-5.7%
Total	719	1,508	466	987	11.1%

Top Suppliers of Sulphites; Other than of Sodium to Kuwait in 2022:

Germany (526.8 tons)
Italy (482.9 tons)
United Arab Emirates (261.6 tons)
India (54.9 tons)
Saudi Arabia (22.4 tons)

Exports of Sulphites; Other than of Sodium in Kuwait

In 2022, overseas shipments of sulphites; other than of sodia decreased by 0% to 41 tons, falling for the second consecutive year after two years of growth. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 51%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sulphites; other than of sodium exports stood at $38K in 2022. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.