Kuwait - Caramel - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Kuwait - Caramel - Market Analysis, Forecast, Size, Trends And Insights

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Caramel Price in Kuwait - 2021

Contents:

  1. Caramel Price in Kuwait (CIF) - 2021
  2. Caramel Price in Kuwait (FOB) - 2022
  3. Caramel Imports in Kuwait
  4. Caramel Exports in Kuwait

Caramel Price in Kuwait (CIF) - 2021

The average caramel import price stood at $5,414 per ton in December 2021, surging by 62% against the previous month. In general, import price indicated strong growth from January 2021 to December 2021: its price increased at an average monthly rate of +5.6% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, caramel import price increased by +153.5% against September 2021 indices. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 82% month-to-month. Over the period under review, average import prices attained the peak figure in December 2021.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($20,421 per ton), while the price for India ($1,159 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Caramel Price in Kuwait (FOB) - 2022

The average caramel export price stood at $3,923 per ton in 2022, shrinking by -5.3% against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 163%. The export price peaked at $4,144 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($13,851 per ton), while the average price for exports to Saudi Arabia ($2,274 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 Iraq (+55.9%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports in Kuwait

Caramel imports into Kuwait rose modestly to 1.4K tons in 2022, increasing by 2.9% against the previous year's figure. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of 1.4K tons; afterwards, it flattened through to 2022.

In value terms, caramel imports contracted slightly to $3.6M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 5.1% against the previous year.

Import of Caramel in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1,2881,3155641,4103.1%
United States54550867081014.1%
China43547846671117.8%
BahrainN/A2232102434.4%
India78.217415211413.4%
Sri Lanka71.213012810614.2%
Saudi Arabia818479860N/A2.5%
Others16726865824713.9%
Total3,4033,5753,7073,6412.3%

Top Suppliers of Caramel to Kuwait in 2022:

  1. United Arab Emirates (403.6 tons)
  2. China (401.5 tons)
  3. United States (251.3 tons)
  4. Bahrain (155.6 tons)
  5. India (80.0 tons)
  6. Sri Lanka (35.7 tons)

Caramel Exports in Kuwait

Caramel exports from Kuwait skyrocketed to 13 tons in 2022, picking up by 191% compared with the previous year's figure. In general, exports, however, continue to indicate a pronounced shrinkage.

In value terms, caramel exports skyrocketed to $53K in 2022. Overall, exports enjoyed a perceptible increase.

Export of Caramel in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia25.726.11.123.3-3.2%
Bahrain14.430.06.822.716.4%
Qatar5.511.80.76.97.9%
TogoN/AN/A1.2N/A0%
OmanN/A18.79.4N/A-49.7%
Others0.3N/AN/AN/A0%
Total45.986.519.252.84.8%

Top Export Markets for Caramel from Kuwait in 2022:

  1. Saudi Arabia (10.2 tons)
  2. Bahrain (1.6 tons)
  3. Qatar (1.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the caramel market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10891910 - Caramel

Country coverage:

  • Kuwait

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Kuwait
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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