Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,149 per ton, reducing by -33.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 234% against the previous year. Over the period under review, average import prices attained the peak figure at $4,017 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($2,146 per ton) and India ($2,145 per ton), while the price for the UK ($2,145 per ton) and Mexico ($2,145 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,230 per ton in 2022, with an increase of 78% against the previous year. In general, the export price, however, recorded a slight setback. The export price peaked at $3,667 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($4,488 per ton), while the average price for exports to the United Arab Emirates ($2,153 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.4%), while the prices for the other major destinations experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into Kuwait soared to 538 tons, surging by 31% compared with the previous year. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 483%. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) declined to $1.2M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 578 | 0% |
| United States | 104 | 107 | 187 | 226 | 29.5% |
| India | 1.9 | 0.9 | 77.5 | 170 | 347.3% |
| United Kingdom | 34.7 | 172 | 145 | 82.5 | 33.5% |
| United Arab Emirates | 11.9 | 27.4 | 46.5 | 39.0 | 48.5% |
| Mexico | N/A | N/A | N/A | 35.8 | 0% |
| Germany | N/A | N/A | 78.3 | 1.2 | -98.5% |
| Thailand | N/A | 230 | 7.3 | N/A | -96.8% |
| Saudi Arabia | 523 | 468 | 690 | N/A | 14.9% |
| Others | 46.8 | 6.4 | 88.4 | 25.6 | -18.2% |
| Total | 722 | 1,012 | 1,320 | 1,157 | 17.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Kuwait in 2022:
- Poland (269.2 tons)
- United States (105.1 tons)
- India (79.0 tons)
- United Kingdom (38.4 tons)
- United Arab Emirates (18.2 tons)
- Mexico (16.7 tons)
- Germany (0.5 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait
In 2022, after two years of decline, there was significant decline in shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -57.6% to 8.8 tons. In general, exports, however, saw significant growth.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank rapidly to $20K in 2022. Overall, exports, however, posted a significant expansion.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | N/A | 3.0 | 15.1 | 322.7% |
| Saudi Arabia | N/A | N/A | 21.9 | 3.3 | -84.9% |
| Qatar | N/A | N/A | 0.5 | 1.3 | 160.0% |
| Jordan | 1.6 | N/A | N/A | N/A | 0% |
| Iraq | 0.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 2.4 | N/A | 26.1 | 19.7 | 101.7% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Kuwait in 2022:
- United Arab Emirates (7.0 tons)
- Saudi Arabia (1.5 tons)
- Qatar (0.3 tons)
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