Kuwait - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Kuwait - 2021
Contents:
- Lentil Price in Kuwait (CIF) - 2021
- Lentil Price in Kuwait (FOB) - 2022
- Lentil Imports in Kuwait
- Lentil Exports in Kuwait
Lentil Price in Kuwait (CIF) - 2021
In December 2021, the average lentil import price amounted to $1,158 per ton, with an increase of 8.3% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Turkey ($1,229 per ton), while the price for the United Arab Emirates amounted to $1,155 per ton.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.3%).
Lentil Price in Kuwait (FOB) - 2022
In 2022, the average lentil export price amounted to $1,311 per ton, which is down by -17.7% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 95%. As a result, the export price reached the peak level of $1,592 per ton, and then fell significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($4,644 per ton), while the average price for exports to Iraq ($520 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 (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Lentil Imports in Kuwait
In 2022, approx. 11K tons of lentils were imported into Kuwait; jumping by 18% against 2021 figures. In general, imports, however, showed a perceptible slump.
In value terms, lentil imports expanded significantly to $9.9M in 2022. Overall, imports, however, recorded a slight decline.
| Import of Lentil in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.9 | 6.1 | 5.9 | 5.6 | -6.7% |
| Turkey | 2.2 | 3.8 | 2.3 | 3.8 | 20.0% |
| Myanmar | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Canada | 0.2 | 0.8 | 0.1 | N/A | -29.3% |
| Others | 0.7 | 0.3 | 0.3 | 0.4 | -17.0% |
| Total | 10.2 | 11.2 | 8.7 | 9.9 | -1.0% |
Top Suppliers of Lentil to Kuwait in 2022:
- Canada (undefinedK tons)
- United Arab Emirates (7.1K tons)
- Turkey (3.5K tons)
- Myanmar (0.2K tons)
Lentil Exports in Kuwait
Lentil exports from Kuwait stood at 82 tons in 2022, surging by 14% against 2021 figures. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, the exports attained the peak of 124 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lentil exports declined to $108K in 2022. The total export value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24%.
| Export of Lentil in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 20.1 | 10.7 | 49.2 | 53.2 | 38.3% |
| Jordan | 33.2 | 44.0 | 23.5 | 26.1 | -7.7% |
| Iraq | 17.9 | 26.4 | 15.6 | 19.0 | 2.0% |
| United Arab Emirates | 7.1 | 10.8 | 5.7 | 6.1 | -4.9% |
| Others | 3.1 | 8.9 | 21.0 | 3.4 | 3.1% |
| Total | 81.4 | 101 | 115 | 108 | 9.9% |
Top Export Markets for Lentil from Kuwait in 2022:
- Iraq (36.5 tons)
- Jordan (22.2 tons)
- Qatar (11.5 tons)
- United Arab Emirates (10.0 tons)
This report provides an in-depth analysis of the lentil 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:
- FCL 201 - Lentils, dry
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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