Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait - 2022
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait (FOB) - 2022
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait (CIF) - 2022
- Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait (FOB) - 2022
In 2022, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $2,221 per ton, dropping by -16.2% against the previous year. Overall, the export price, however, saw temperate growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 66%. Over the period under review, the average export prices attained the peak figure at $3,811 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($2,604 per ton), while the average price for exports to Iraq ($2,168 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 Iran (+3.9%).
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait (CIF) - 2022
The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $2,037 per ton in 2022, declining by -8.4% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia increased by +6.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 27%. The import price peaked at $2,414 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Jordan ($5,258 per ton), while the price for Iran ($276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait
For the third year in a row, Kuwait recorded decline in overseas shipments of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia, which decreased by -8.2% to 33 tons in 2022. Overall, exports continue to indicate a deep downturn. The smallest decline of -7.2% was in 2020.
In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia contracted remarkably to $73K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of -12.3% was in 2020.
| Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 60.6 | 0% |
| Iran | 113 | 109 | 61.9 | 10.4 | -54.9% |
| Saudi Arabia | N/A | N/A | 33.5 | 2.4 | -92.8% |
| Bahrain | 11.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 124 | 109 | 95.5 | 73.4 | -16.0% |
Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Kuwait in 2022:
- Iraq (28.0 tons)
- Iran (4.0 tons)
- Saudi Arabia (1.1 tons)
Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait
In 2022, approx. 9.9 tons of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia were imported into Kuwait; dropping by -87.3% against 2021. In general, imports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia fell markedly to $20K in 2022. Over the period under review, imports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, imports attained the peak of $173K, and then dropped dramatically in the following year.
| Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 57.7 | 38.6 | 61.7 | 6.3 | -52.2% |
| Greece | 6.9 | 14.7 | 43.8 | 5.2 | -9.0% |
| Spain | 17.6 | 3.0 | 18.3 | 2.2 | -50.0% |
| Jordan | 1.3 | 1.2 | 2.5 | 2.1 | 17.3% |
| Syrian Arab Republic | 8.9 | 6.0 | 2.9 | 1.1 | -50.2% |
| Chile | 9.3 | 4.4 | 3.1 | 0.7 | -57.8% |
| Egypt | 38.5 | 8.2 | 9.8 | 0.6 | -75.0% |
| Iran | 0.4 | 0.4 | 1.0 | 0.1 | -37.0% |
| Lebanon | 3.4 | 10.9 | 5.2 | 0.1 | -69.1% |
| Others | 17.5 | 13.4 | 24.3 | 1.8 | -53.1% |
| Total | 161 | 101 | 173 | 20.1 | -50.0% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Kuwait in 2022:
- Saudi Arabia (3374.0 kg)
- Greece (1925.0 kg)
- Spain (1372.0 kg)
- Syrian Arab Republic (1002.0 kg)
- Iran (449.0 kg)
- Jordan (391.0 kg)
- Chile (367.0 kg)
- Egypt (332.0 kg)
- Lebanon (63.0 kg)
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