Formaldehyde Market in Kuwait
In value terms, formaldehyde production declined to $ in estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2012 with an increase of %. Over the period under review, production attained the peak level at $ in , and then shrank in the following year.
The revenue of the formaldehyde market in Kuwait declined slightly to $ in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a slight setback. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market failed to regain momentum.