Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait - 2022

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $2,225 per ton in 2022, declining by -4.7% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. The import price peaked at $2,965 per ton in 2013; however, from 2014 to 2022, 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 ($4,824 per ton), while the price for Serbia ($729 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $1,501 per ton in 2022, approximately equating the previous year. Overall, the export price continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2019 an increase of 173% against the previous year. As a result, the export price attained the peak level of $3,144 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to +22.0% per year.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait

In 2022, approx. 676 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses were imported into Kuwait; increasing by 427% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses surged to $1.5M in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 539% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to Kuwait in 2022:

1. United Arab Emirates (308.1 tons)
2. United Kingdom (234.2 tons)
3. Malaysia (55.9 tons)
4. Serbia (25.8 tons)
5. United States (24.9 tons)
6. Saudi Arabia (18.0 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses, which decreased by -78% to 4.3 tons in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -31.9% was in 2020.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses reduced rapidly to $6.4K in 2022. In general, exports showed a dramatic curtailment. The smallest decline of -53% was in 2020.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from Kuwait in 2022:

1. Saudi Arabia (4.3 tons)

Source: IndexBox Market Intelligence Platform