Dried Apricot Price in Kuwait - 2022
Contents:
- Dried Apricot Price in Kuwait (CIF) - 2022
- Dried Apricot Price in Kuwait (FOB) - 2022
- Dried Apricot Imports in Kuwait
- Dried Apricot Exports in Kuwait
Dried Apricot Price in Kuwait (CIF) - 2022
In 2022, the average dried apricot import price amounted to $4,160 per ton, falling by -5.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. As a result, import price attained the peak level of $5,527 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 United States ($8,174 per ton), while the price for Italy ($1,167 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.9%), while the prices for the other major suppliers experienced a decline.
Dried Apricot Price in Kuwait (FOB) - 2022
In 2022, the average dried apricot export price amounted to $4,747 per ton, shrinking by -14.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $5,560 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($8,667 per ton), while the average price for exports to Iran ($444 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 Turkey (-0.1%), while the prices for the other major destinations experienced a decline.
Dried Apricot Imports in Kuwait
In 2022, the amount of dried apricots imported into Kuwait shrank to 191 tons, declining by -6% compared with the previous year's figure. Overall, imports recorded a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by 5.8% against the previous year. As a result, imports attained the peak of 203 tons, and then dropped in the following year.
In value terms, dried apricot imports shrank to $793K in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $892K, and then reduced in the following year.
| Import of Dried Apricot in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 564 | 563 | 622 | 626 | 3.5% |
| United Arab Emirates | 64.3 | 26.0 | 111 | 67.8 | 1.8% |
| United States | 20.1 | 28.8 | 0.8 | 31.4 | 16.0% |
| Afghanistan | 16.6 | 13.7 | 14.1 | 8.6 | -19.7% |
| Thailand | 7.0 | 6.4 | 8.2 | 6.0 | -5.0% |
| France | 9.1 | 7.0 | 7.4 | 4.5 | -20.9% |
| Italy | 8.4 | 6.4 | 6.8 | 4.1 | -21.3% |
| Poland | 10.9 | 6.8 | 5.6 | 3.4 | -32.2% |
| Chile | 28.9 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | N/A | 50.5 | N/A | 0% |
| Others | 86.5 | 37.5 | 65.0 | 41.7 | -21.6% |
| Total | 816 | 695 | 892 | 793 | -0.9% |
Top Suppliers of Dried Apricot to Kuwait in 2022:
- Turkey (135.9 tons)
- United Arab Emirates (19.0 tons)
- Afghanistan (4.8 tons)
- Thailand (4.8 tons)
- France (3.8 tons)
- United States (3.8 tons)
- Italy (3.5 tons)
- Poland (2.8 tons)
Dried Apricot Exports in Kuwait
In 2022, shipments abroad of dried apricots was finally on the rise to reach 241 kg after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous decline.
In value terms, dried apricot exports rose notably to $1.1K in 2022. Overall, exports, however, faced a sharp contraction.
| Export of Dried Apricot in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,602 | 1,043 | 889 | 1,058 | -12.9% |
| Seychelles | 646 | 175 | 83.0 | 78.0 | -50.6% |
| Iran | 58.0 | 30.0 | 18.0 | 8.0 | -48.3% |
| Others | N/A | 16.0 | 33.0 | N/A | 106.3% |
| Total | 2,306 | 1,264 | 1,023 | 1,144 | -20.8% |
Top Export Markets for Dried Apricot from Kuwait in 2022:
- Turkey (214.0 kg)
- Iran (18.0 kg)
- Seychelles (9.0 kg)
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