Price for Vegetable Products Not Elsewhere Specified or Included in Kuwait - 2022

Contents:

1. Price for Vegetable Products Not Elsewhere Specified or Included in Kuwait (FOB) - 2022
2. Exports of Vegetable Products Not Elsewhere Specified or Included in Kuwait

Price for Vegetable Products Not Elsewhere Specified or Included in Kuwait (FOB) - 2022

The average export price for vegetable products not elsewhere specified or includeds stood at $842 per ton in 2022, increasing by 11% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 107%. Over the period under review, the average export prices attained the maximum at $3,442 per ton in 2015; however, from 2016 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 Oman ($1,915 per ton), while the average price for exports to Qatar ($696 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 Saudi Arabia (-0.9%), while the prices for the other major destinations experienced a decline.

Exports of Vegetable Products Not Elsewhere Specified or Included in Kuwait

For the fourth consecutive year, Kuwait recorded growth in shipments abroad of vegetable products not elsewhere specified or includeds, which increased by 45% to 37 tons in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable products not elsewhere specified or includeds surged to $32K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 26%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Kuwait in 2022:

1. Qatar (32.9 tons)
2. Oman (1.5 tons)
3. United Arab Emirates (1.2 tons)
4. Saudi Arabia (0.8 tons)

Source: IndexBox Market Intelligence Platform