Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait - 2022

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait (CIF) - 2022
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $735 per ton, picking up by 34% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($731 per ton) and India ($731 per ton), while the price for Thailand ($731 per ton) and France ($731 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,593 per ton in 2022, with an increase of 2.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 209%. The export price peaked at $2,789 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($1,702 per ton), while the average price for exports to the United Arab Emirates ($594 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 Iraq (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait

In 2022, approx. 98K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were imported into Kuwait; picking up by 8.4% on the previous year's figure. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $72M in 2022. Over the period under review, total imports indicated prominent 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 +60.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Kuwait in 2022:

1. Saudi Arabia (22.0K tons)
2. Thailand (21.3K tons)
3. India (20.9K tons)
4. Poland (14.5K tons)
5. France (9.0K tons)
6. United Arab Emirates (7.8K tons)
7. Netherlands (0.2K tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kuwait

In 2022, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Kuwait surged to 96 tons, increasing by 22% against the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $152K in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 188% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Kuwait in 2022:

1. Saudi Arabia (79.4 tons)
2. Qatar (10.5 tons)
3. United Arab Emirates (3.7 tons)
4. Oman (1.8 tons)

Source: IndexBox Market Intelligence Platform