Phenols; Phenol-Alcohols Price in Kuwait - 2022

Phenols; Phenol-Alcohols Price in Kuwait (CIF) - 2022

The average phenols; phenol-alcohols import price stood at $1,647 per ton in 2022, rising by 6.8% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 35%. The import price peaked at $2,048 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 UK ($6,786 per ton), while the price for South Africa ($806 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Phenols; Phenol-Alcohols Price in Kuwait (FOB) - 2022

In 2022, the average phenols; phenol-alcohols export price amounted to $1,088 per ton, approximately equating the previous year. In general, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 57%. The export price peaked at $2,236 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -5.6% per year.

Phenols; Phenol-Alcohols Imports in Kuwait

In 2022, approx. 361 tons of phenols; phenol-alcoholses were imported into Kuwait; shrinking by -16.8% on 2021 figures. Over the period under review, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 57%.

In value terms, phenols; phenol-alcohols imports reduced to $594K in 2022. Overall, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.

Import of Phenols; Phenol-Alcohols in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	224	136	243	250	3.7%
Taiwan (Chinese)	623	190	200	154	-37.2%
South Korea	147	9.4	92.8	71.6	-21.3%
South Africa	72.3	46.5	56.3	43.4	-15.6%
China	9.4	35.3	25.8	11.1	5.7%
Others	169	102	50.6	64.8	-27.4%
Total	1,245	520	669	594	-21.9%

Top Suppliers of Phenols; Phenol-Alcohols to Kuwait in 2022:

India (137.4 tons)
Taiwan (Chinese) (111.2 tons)
South Africa (53.8 tons)
South Korea (44.7 tons)
China (6.8 tons)

Phenols; Phenol-Alcohols Exports in Kuwait

In 2022, overseas shipments of phenols; phenol-alcoholses decreased by -7% to 16 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 145%. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, phenols; phenol-alcohols exports shrank to $17K in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year.