Kuwait: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Kuwait

The Kuwaiti odoriferous substance mixture market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Production in Kuwait

In value terms, odoriferous substance mixture production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Kuwait

Odoriferous substance mixture exports from Kuwait dropped remarkably to X kg in 2022, waning by X% compared with 2021 figures. Overall, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports shrank remarkably to $X in 2022. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for odoriferous substance mixture exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at X%.

In value terms, Qatar ($X) emerged as the key foreign market for mixtures of odoriferous substances and their preparations exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to X%.

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Odoriferous Substance Mixture Imports

Imports into Kuwait

In 2022, supplies from abroad of mixtures of odoriferous substances and their preparations increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total imports indicated a strong increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, odoriferous substance mixture imports soared to $X in 2022. In general, imports posted a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Switzerland (X tons) and Turkey (X tons) were the main suppliers of odoriferous substance mixture imports to Kuwait, together accounting for X% of total imports. Spain, Italy, India, the United Arab Emirates, Germany, the United States, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Kuwait were France ($X), Switzerland ($X) and Turkey ($X), together comprising X% of total imports. Spain, Italy, India, the United Arab Emirates, Germany, the United States, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Switzerland ($X per ton), while the price for the Netherlands ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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