Price for Cereals; Maize (Corn), Other than Seed in Kuwait - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Kuwait (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Kuwait (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Kuwait
- Exports of Cereals; Maize (Corn), Other than Seed in Kuwait
Price for Cereals; Maize (Corn), Other than Seed in Kuwait (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $367 per ton in 2022, reducing by -10.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 62%. Over the period under review, average import prices attained the maximum at $459 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($366 per ton), while the price for Brazil ($366 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Kuwait (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $7,675 per ton, rising by 116% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 250% against the previous year. As a result, the export price reached the peak level of $13,596 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($8,485 per ton), while the average price for exports to Seychelles stood at $3,929 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+59.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Kuwait
In 2022, imports of cereals; maize (corn), other than seeds into Kuwait surged to 245K tons, with an increase of 90% compared with 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds soared to $90M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 34.3 | 28.5 | 40.7 | 50.1 | 13.5% |
| Brazil | 7.7 | 15.4 | N/A | 38.2 | 70.6% |
| United Arab Emirates | 1.9 | 5.0 | 0.3 | N/A | -60.3% |
| Ukraine | 0.2 | 4.3 | 0.3 | N/A | 22.5% |
| Others | 1.1 | 1.1 | 11.2 | 1.5 | 10.9% |
| Total | 45.3 | 54.3 | 52.6 | 89.8 | 25.6% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Kuwait in 2022:
- Argentina (136.8K tons)
- Brazil (104.4K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Kuwait
In 2022, shipments abroad of cereals; maize (corn), other than seeds decreased by -80.2% to 394 kg, falling for the second consecutive year after two years of growth. In general, exports faced a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 176%. As a result, the exports attained the peak of 2.5 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; maize (corn), other than seeds declined markedly to $3K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 298% against the previous year.
| Export of Cereals; Maize (Corn), Other than Seed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | 1.6 | 2.7 | 68.8% |
| Seychelles | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Oman | 1.1 | 4.4 | 5.1 | N/A | 115.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 4.4 | 7.1 | 3.0 | 39.7% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Kuwait in 2022:
- Bahrain (324.0 kg)
- Seychelles (70.0 kg)
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