Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait (CIF) - 2022
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $6,729 per ton in 2022, with an increase of 38% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue 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 Germany ($13,890 per ton), while the price for the UK ($5,511 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $1,156 per ton, with a decrease of -18.6% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 74%. As a result, the export price attained the peak level of $1,791 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($5,519 per ton), while the average price for exports to Iraq ($535 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait
Imports of paints and varnishes, based on polyesters, non-aqueous medium into Kuwait reduced rapidly to 138 tons in 2022, with a decrease of -47.8% compared with 2021 figures. Over the period under review, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 0.6% against the previous year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium declined markedly to $932K in 2022. Overall, imports saw a drastic downturn. The smallest decline of -3.8% was in 2021.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 137 | 106 | 261 | 261 | 24.0% |
| Italy | 571 | 370 | 251 | 154 | -35.4% |
| United States | 244 | 193 | 160 | 112 | -22.9% |
| France | 11.3 | 17.4 | 3.1 | 104 | 109.6% |
| Saudi Arabia | 71.8 | 101 | 127 | 98.4 | 11.1% |
| United Kingdom | 420 | 64.3 | 33.1 | 62.5 | -47.0% |
| Egypt | 27.3 | N/A | 7.0 | 40.5 | 14.1% |
| United Arab Emirates | 247 | 185 | 353 | 17.9 | -58.3% |
| Others | 72.3 | 304 | 95.0 | 81.5 | 4.1% |
| Total | 1,803 | 1,341 | 1,290 | 932 | -19.7% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Kuwait in 2022:
- Italy (27.9 tons)
- United States (20.3 tons)
- France (18.8 tons)
- Germany (18.8 tons)
- Saudi Arabia (17.8 tons)
- United Kingdom (11.3 tons)
- Egypt (7.3 tons)
- United Arab Emirates (3.3 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait
In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium was finally on the rise to reach 129 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium soared to $149K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 80.2 | 0% |
| Sudan | 19.6 | 48.9 | 10.9 | 36.4 | 22.9% |
| Iraq | 20.6 | 3.4 | 2.3 | 24.7 | 6.2% |
| Yemen | N/A | 5.3 | 3.7 | 6.3 | 9.0% |
| South Korea | N/A | N/A | 17.6 | N/A | 0% |
| Jordan | 42.9 | N/A | 2.0 | N/A | -78.4% |
| Qatar | N/A | 9.3 | 10.9 | N/A | 17.2% |
| Others | 1.7 | 1.4 | 4.5 | 1.1 | -13.5% |
| Total | 84.8 | 68.2 | 52.0 | 149 | 20.7% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Kuwait in 2022:
- Sudan (66.6 tons)
- Iraq (46.1 tons)
- Saudi Arabia (14.5 tons)
- Yemen (1.1 tons)
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