Price for Fats and Oils and Their Fractions; of Marine Mammals in Kuwait - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Kuwait (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Kuwait
Price for Fats and Oils and Their Fractions; of Marine Mammals in Kuwait (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $13,796 per ton, with a decrease of -21.8% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 2,602%. Over the period under review, average import prices hit record highs at $118,872 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($16,986 per ton), while the price for the Philippines ($12,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-16.6%), while the prices for the other major suppliers experienced a decline.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Kuwait
In 2022, the amount of fats and oils and their fractions; of marine mammalses imported into Kuwait expanded to 908 kg, picking up by 2.5% compared with 2021. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 428%. As a result, imports reached the peak of 2.3 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fats and oils and their fractions; of marine mammalses contracted markedly to $13K in 2022. Overall, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, imports reached the peak of $16K, and then reduced dramatically in the following year.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 4.0 | 6.3 | 4.9 | 3.7% |
| United Kingdom | 8.1 | 2.8 | 6.0 | 4.6 | -17.2% |
| Philippines | 3.2 | 1.8 | 3.3 | 3.0 | -2.1% |
| Bangladesh | N/A | 0.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.6 | 9.4 | 15.6 | 12.5 | -7.1% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Kuwait in 2022:
- United Kingdom (376.0 kg)
- United States (288.0 kg)
- Philippines (244.0 kg)
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