Kuwait - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in Kuwait - 2021
Contents:
- Maize Oil Price in Kuwait (CIF) - 2021
- Maize Oil Price in Kuwait (FOB) - 2022
- Maize Oil Imports in Kuwait
- Maize Oil Exports in Kuwait
Maize Oil Price in Kuwait (CIF) - 2021
The average maize oil import price stood at $2,458 per ton in December 2021, jumping by 32% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +4.2%. The most prominent rate of growth was recorded in February 2021 an increase of 59% month-to-month. As a result, import price attained the peak level of $2,503 per ton; afterwards, it flattened through to December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($4,170 per ton), while the price for the United Arab Emirates ($2,230 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 the United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Oil Price in Kuwait (FOB) - 2022
In 2022, the average maize oil export price amounted to $1,076 per ton, flattening at the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $2,442 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($2,238 per ton), while the average price for exports to Oman ($835 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 the UK (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Maize Oil Imports in Kuwait
After three years of growth, supplies from abroad of maize oil decreased by -10.4% to 77K tons in 2022. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of 86K tons, and then shrank in the following year.
In value terms, maize oil imports shrank significantly to $119M in 2022. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 96%. As a result, imports attained the peak of $157M, and then fell remarkably in the following year.
| Import of Maize Oil in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.3 | 34.5 | 80.7 | 56.7 | 16.0% |
| Saudi Arabia | 12.6 | 19.3 | 25.7 | 11.2 | -3.9% |
| United Arab Emirates | 17.2 | 12.3 | 13.4 | 9.7 | -17.4% |
| France | 0.6 | 4.5 | 11.0 | 5.4 | 108.0% |
| Belgium | 0.3 | 0.8 | 3.9 | 1.1 | 54.2% |
| Malaysia | 1.5 | 1.3 | 1.6 | 0.9 | -15.7% |
| Others | 2.9 | 7.8 | 21.1 | 33.9 | 127.0% |
| Total | 71.4 | 80.5 | 157 | 119 | 18.6% |
Top Suppliers of Maize Oil to Kuwait in 2022:
- United States (34.8K tons)
- Saudi Arabia (7.2K tons)
- United Arab Emirates (4.9K tons)
- France (3.8K tons)
- Belgium (0.9K tons)
- Malaysia (0.7K tons)
Maize Oil Exports in Kuwait
After three years of growth, overseas shipments of maize oil decreased by -6.6% to 2.2K tons in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year.
In value terms, maize oil exports declined to $2.3M in 2022. The total export value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year.
| Export of Maize Oil in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 401 | 1,328 | 1,541 | 1,386 | 51.2% |
| Iran | 713 | 540 | 591 | 531 | -9.4% |
| Saudi Arabia | 235 | 226 | 313 | 336 | 12.7% |
| United Arab Emirates | 7.4 | 10.1 | 19.8 | 51.7 | 91.2% |
| Netherlands | 337 | N/A | N/A | N/A | 0% |
| Others | 13.8 | 52.8 | 15.4 | 14.4 | 1.4% |
| Total | 1,707 | 2,157 | 2,480 | 2,318 | 10.7% |
Top Export Markets for Maize Oil from Kuwait in 2022:
- Oman (1659.0 tons)
- Iran (237.4 tons)
- Saudi Arabia (219.4 tons)
- United Arab Emirates (33.7 tons)
This report provides an in-depth analysis of the maize oil 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 60 - Oil of Maize
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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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