Price for Frozen Concentrated Orange Juice in Kuwait - 2021
Contents:
- Price for Frozen Concentrated Orange Juice in Kuwait (CIF) - 2022
- Price for Frozen Concentrated Orange Juice in Kuwait (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in Kuwait
- Exports of Frozen Concentrated Orange Juice in Kuwait
Price for Frozen Concentrated Orange Juice in Kuwait (CIF) - 2022
In 2022, the average frozen concentrated orange juice import price amounted to $2,468 per ton, falling by -2.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 12%. The import price peaked at $2,523 per ton in 2021, and then fell modestly in the following year.
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 Netherlands ($3,579 per ton), while the price for India ($452 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Concentrated Orange Juice in Kuwait (FOB) - 2022
The average frozen concentrated orange juice export price stood at $767 per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 26%. The export price peaked at $827 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
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 ($2,747 per ton), while the average price for exports to Iraq amounted to $753 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Concentrated Orange Juice in Kuwait
In 2022, after two years of decline, there was significant growth in purchases abroad of frozen concentrated orange juice, when their volume increased by 43% to 86 tons. In general, imports, however, showed a sharp downturn.
In value terms, frozen concentrated orange juice imports skyrocketed to $211K in 2022. Overall, imports, however, saw a sharp decline.
| Import of Frozen Concentrated Orange Juice in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 140 | 3.0 | 76.2 | 72.3 | -19.8% |
| Turkey | 269 | 68.5 | 21.3 | 42.2 | -46.1% |
| Taiwan (Chinese) | 293 | 36.6 | 2.9 | 15.6 | -62.4% |
| Spain | 31.9 | 28.7 | 2.6 | 6.5 | -41.2% |
| United Arab Emirates | 9.2 | 4.9 | 2.1 | 3.5 | -27.5% |
| United States | 71.7 | 11.6 | 2.1 | 3.4 | -63.8% |
| Cyprus | 29.2 | 19.7 | 4.9 | 2.5 | -55.9% |
| Netherlands | 60.2 | 16.4 | 1.3 | 1.8 | -69.0% |
| Others | 121 | 82.1 | 37.1 | 63.2 | -19.5% |
| Total | 1,025 | 272 | 151 | 211 | -41.0% |
Top Suppliers of Frozen Concentrated Orange Juice to Kuwait in 2022:
- Brazil (29.4 tons)
- Turkey (17.8 tons)
- Taiwan (Chinese) (6.4 tons)
- United Arab Emirates (4.4 tons)
- Spain (3.4 tons)
- Cyprus (1.3 tons)
- United States (1.2 tons)
- Netherlands (0.5 tons)
Exports of Frozen Concentrated Orange Juice in Kuwait
In 2022, frozen concentrated orange juice exports from Kuwait skyrocketed to 25 tons, increasing by 33% against the previous year. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 82% against the previous year. As a result, the exports attained the peak of 32 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen concentrated orange juice exports skyrocketed to $19K in 2022. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 92% against the previous year. As a result, the exports reached the peak of $24K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Concentrated Orange Juice in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 11.6 | 17.2 | 13.1 | 18.8 | 17.5% |
| Oman | N/A | 5.9 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 0.4 | 0.9 | N/A | 125.0% |
| Others | 1.0 | 0.7 | 0.5 | 0.5 | -20.6% |
| Total | 12.6 | 24.2 | 14.5 | 19.3 | 15.3% |
Top Export Markets for Frozen Concentrated Orange Juice from Kuwait in 2022:
- Iraq (25.0 tons)
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