Cereals; Oats, Seeds Price in Kuwait - 2022

Contents:

  1. Cereals; Oats, Seeds Price in Kuwait (CIF) - 2022
  2. Cereals; Oats, Seeds Imports in Kuwait

Cereals; Oats, Seeds Price in Kuwait (CIF) - 2022

In 2022, the average cereals; oats, seeds import price amounted to $707 per ton, increasing by 1.8% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 172% against the previous year. Over the period under review, average import prices reached the peak figure at $1,481 per ton in 2014; however, from 2015 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 ($20,093 per ton), while the price for Australia ($578 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 (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Cereals; Oats, Seeds Imports in Kuwait

In 2022, supplies from abroad of cereals; oats, seedses decreased by -16.7% to 35 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 106% against the previous year. As a result, imports reached the peak of 42 tons, and then contracted sharply in the following year.

In value terms, cereals; oats, seeds imports fell markedly to $25K in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 210%.

Import of Cereals; Oats, Seeds in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa2.93.521.715.675.2%
Australia2.73.96.48.244.8%
SpainN/A9.7N/AN/A0%
Others1.03.31.41.13.2%
Total6.620.529.424.955.7%

Top Suppliers of Cereals; Oats, Seeds to Kuwait in 2022:

  1. South Africa (21.0 tons)
  2. Australia (14.2 tons)

Source: IndexBox Market Intelligence Platform

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