Price for Cereal Groats and Meal; of Wheat in Kuwait - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Kuwait (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Kuwait (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Kuwait
- Exports of Cereal Groats and Meal; of Wheat in Kuwait
Price for Cereal Groats and Meal; of Wheat in Kuwait (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $669 per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2020 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($690 per ton), while the price for Oman ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in Kuwait (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of wheats amounted to $673 per ton, surging by 4% against the previous year. Over the period under review, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 9.9%. The export price peaked at $794 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($2,358 per ton), while the average price for exports to Iraq ($258 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 Bahrain (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in Kuwait
In 2022, approx. 3K tons of cereal groats and meal; of wheats were imported into Kuwait; rising by 35% against the previous year's figure. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of cereal groats and meal; of wheats soared to $2M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 672 | 1,170 | 782 | 1,191 | 21.0% |
| United Arab Emirates | 247 | 306 | 277 | 459 | 22.9% |
| India | 99.5 | 111 | 108 | 156 | 16.2% |
| Oman | 26.6 | 35.8 | 39.1 | 60.7 | 31.7% |
| Italy | 12.2 | 21.1 | 32.2 | 37.4 | 45.3% |
| Others | 113 | 63.7 | 59.6 | 107 | -1.8% |
| Total | 1,170 | 1,709 | 1,298 | 2,011 | 19.8% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Kuwait in 2022:
- Turkey (1725.3 tons)
- United Arab Emirates (665.0 tons)
- India (226.3 tons)
- Oman (205.1 tons)
- Italy (54.2 tons)
Exports of Cereal Groats and Meal; of Wheat in Kuwait
In 2022, overseas shipments of cereal groats and meal; of wheats decreased by -5.8% to 155 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 402% against the previous year. As a result, the exports reached the peak of 580 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cereal groats and meal; of wheats reduced slightly to $104K in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 363% against the previous year. As a result, the exports attained the peak of $373K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereal Groats and Meal; of Wheat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 46.5 | 271 | 69.1 | 66.2 | 12.5% |
| Iraq | 23.8 | 60.5 | 17.8 | 13.3 | -17.6% |
| Oman | 3.5 | 19.3 | 12.2 | 11.1 | 46.9% |
| Qatar | 1.8 | 4.5 | 1.2 | 6.8 | 55.7% |
| Jordan | 1.2 | 5.9 | 1.1 | 1.9 | 16.6% |
| Others | 4.0 | 12.5 | 4.9 | 4.7 | 5.5% |
| Total | 80.7 | 373 | 106 | 104 | 8.8% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Kuwait in 2022:
- Saudi Arabia (79.2 tons)
- Iraq (51.8 tons)
- Oman (11.8 tons)
- Qatar (6.9 tons)
- Jordan (1.9 tons)
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