Non-Liquid Margarine Price in Kuwait - 2021
Contents:
- Non-Liquid Margarine Price in Kuwait (CIF) - 2021
- Non-Liquid Margarine Price in Kuwait (FOB) - 2022
- Non-Liquid Margarine Imports in Kuwait
- Non-Liquid Margarine Exports in Kuwait
Non-Liquid Margarine Price in Kuwait (CIF) - 2021
In December 2021, the average non-liquid margarine import price amounted to $1,687 per ton, picking up by 11% against the previous month. In general, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in October 2021 when the average import price increased by 24% m-o-m. The import price peaked at $2,040 per ton in January 2021; however, from February 2021 to December 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,595 per ton), while the price for Malaysia ($1,163 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 Algeria (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Kuwait (FOB) - 2022
The average non-liquid margarine export price stood at $1,675 per ton in 2022, reducing by -3.1% against the previous year. In general, the export price, however, posted a measured increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 72%. As a result, the export price reached the peak level of $2,863 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
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 the United Arab Emirates ($2,013 per ton), while the average price for exports to Saudi Arabia ($501 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 United Arab Emirates (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Imports in Kuwait
Non-liquid margarine imports into Kuwait contracted to 2.8K tons in 2022, which is down by -5.1% compared with 2021. In general, imports saw a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
In value terms, non-liquid margarine imports shrank to $4.3M in 2022. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports attained the peak of $4.9M, and then dropped in the following year.
| Import of Non-Liquid Margarine in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2,254 | 1,627 | 2,395 | 2,024 | -3.5% |
| Malaysia | 74.8 | 111 | 449 | 380 | 71.9% |
| Belgium | 440 | 272 | 363 | 296 | -12.4% |
| Saudi Arabia | 17.6 | 180 | 209 | 177 | 115.9% |
| Oman | 192 | 222 | 57.1 | 133 | -11.5% |
| Ukraine | 222 | 93.4 | 114 | 123 | -17.9% |
| Turkey | 67.7 | 133 | 127 | 107 | 16.5% |
| United States | 114 | 112 | 233 | 84.5 | -9.5% |
| Italy | 56.0 | 58.5 | 66.1 | 73.5 | 9.5% |
| Spain | 80.0 | 78.3 | 31.8 | 63.8 | -7.3% |
| Algeria | 14.7 | 14.0 | 65.0 | 55.0 | 55.2% |
| Others | 1,055 | 711 | 790 | 741 | -11.1% |
| Total | 4,588 | 3,613 | 4,900 | 4,256 | -2.5% |
Top Suppliers of Non-Liquid Margarine to Kuwait in 2022:
- United Arab Emirates (1434.4 tons)
- Malaysia (338.9 tons)
- Belgium (124.6 tons)
- Oman (109.7 tons)
- Ukraine (108.8 tons)
- Saudi Arabia (92.5 tons)
- Algeria (48.2 tons)
- Turkey (48.0 tons)
- Italy (40.5 tons)
- United States (35.2 tons)
- Spain (32.2 tons)
Non-Liquid Margarine Exports in Kuwait
In 2022, approx. 14 tons of non-liquid margarine were exported from Kuwait; falling by -34.8% on the previous year. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 230%. As a result, the exports reached the peak of 22 tons, and then reduced rapidly in the following year.
In value terms, non-liquid margarine exports fell markedly to $24K in 2022. Overall, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 281%. As a result, the exports reached the peak of $38K, and then contracted rapidly in the following year.
| Export of Non-Liquid Margarine in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 20.6 | 7.3 | 29.1 | 19.1 | -2.5% |
| Bahrain | 5.0 | 2.4 | 8.2 | 4.6 | -2.7% |
| Saudi Arabia | 1.3 | 0.3 | 0.9 | 0.4 | -32.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 26.9 | 10.0 | 38.2 | 24.1 | -3.6% |
Top Export Markets for Non-Liquid Margarine from Kuwait in 2022:
- United Arab Emirates (9.5 tons)
- Bahrain (4.1 tons)
- Saudi Arabia (0.8 tons)
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