Price for Ethylene Polymers; Waste, Parings and Scrap in Kuwait - 2022
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in Kuwait (CIF) - 2022
- Price for Ethylene Polymers; Waste, Parings and Scrap in Kuwait (FOB) - 2022
- Imports of Ethylene Polymers; Waste, Parings and Scrap in Kuwait
- Exports of Ethylene Polymers; Waste, Parings and Scrap in Kuwait
Price for Ethylene Polymers; Waste, Parings and Scrap in Kuwait (CIF) - 2022
In 2022, the average import price for ethylene polymers; waste, parings and scraps amounted to $1,914 per ton, growing by 27% against the previous year. Overall, the import price posted pronounced growth. The pace of growth was the most pronounced in 2021 an increase of 49% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 States ($34,963 per ton), while the price for Ireland totaled $542 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ethylene Polymers; Waste, Parings and Scrap in Kuwait (FOB) - 2022
The average export price for ethylene polymers; waste, parings and scraps stood at $282 per ton in 2022, which is down by -16.8% against the previous year. Over the period under review, the export price recorded a abrupt decline. The growth pace was the most rapid in 2021 when the average export price increased by 31%. The export price peaked at $677 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,266 per ton), while the average price for exports to Saudi Arabia ($51 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 India (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Ethylene Polymers; Waste, Parings and Scrap in Kuwait
Imports of ethylene polymers; waste, parings and scraps into Kuwait dropped rapidly to 2.7 tons in 2022, reducing by -88.1% against 2021. Over the period under review, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 136%. As a result, imports reached the peak of 23 tons, and then fell remarkably in the following year.
In value terms, imports of ethylene polymers; waste, parings and scraps contracted remarkably to $5.1K in 2022. Overall, imports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 251% against the previous year. As a result, imports attained the peak of $34K, and then shrank dramatically in the following year.
| Import of Ethylene Polymers; Waste, Parings and Scrap in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 0.8 | 13.5 | 3.7 | 60.2% |
| Ireland | N/A | N/A | N/A | 1.4 | 0% |
| United Arab Emirates | 4.1 | 4.4 | 11.2 | N/A | 65.3% |
| Saudi Arabia | 9.6 | 3.4 | 6.9 | N/A | -15.2% |
| Others | 3.2 | 1.1 | 2.6 | N/A | -9.9% |
| Total | 17.9 | 9.7 | 34.1 | 5.1 | -34.2% |
Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Kuwait in 2022:
- Ireland (2.6 tons)
- United States (0.1 tons)
Exports of Ethylene Polymers; Waste, Parings and Scrap in Kuwait
In 2022, after two years of decline, there was significant growth in overseas shipments of ethylene polymers; waste, parings and scraps, when their volume increased by 23% to 58 tons. Over the period under review, exports, however, saw a abrupt contraction.
In value terms, exports of ethylene polymers; waste, parings and scraps amounted to $16K in 2022. Overall, exports, however, continue to indicate a sharp slump.
| Export of Ethylene Polymers; Waste, Parings and Scrap in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 13.7 | 6.1 | 4.8 | 4.4 | -31.5% |
| China | 9.5 | 4.6 | 3.9 | 3.9 | -25.7% |
| Malaysia | 4.1 | 2.4 | 2.4 | 2.9 | -10.9% |
| Pakistan | 4.7 | 1.1 | 2.5 | 2.7 | -16.9% |
| Saudi Arabia | 3.2 | 1.5 | 1.3 | 1.3 | -25.9% |
| India | 1.8 | 1.0 | 0.9 | 1.0 | -17.8% |
| Jordan | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 37.3 | 16.7 | 16.1 | 16.4 | -24.0% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Kuwait in 2022:
- Saudi Arabia (25.6 tons)
- Pakistan (10.7 tons)
- Malaysia (7.6 tons)
- China (6.5 tons)
- Hong Kong SAR (3.5 tons)
- India (2.4 tons)
- Jordan (1.7 tons)
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