Kuwait - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRapeseed Oil Price in Kuwait - 2021
Contents:
- Rapeseed Oil Price in Kuwait (CIF) - 2021
- Rapeseed Oil Price in Kuwait (FOB) - 2022
- Rapeseed Oil Imports in Kuwait
- Rapeseed Oil Exports in Kuwait
Rapeseed Oil Price in Kuwait (CIF) - 2021
The average rapeseed oil import price stood at $2,693 per ton in December 2021, reducing by -5.4% against the previous month. Overall, the import price, however, showed a perceptible increase. The pace of growth appeared the most rapid in March 2021 when the average import price increased by 115% month-to-month. As a result, import price reached the peak level of $4,026 per ton. From April 2021 to December 2021, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,505 per ton), while the price for Canada ($2,250 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Rapeseed Oil Price in Kuwait (FOB) - 2022
In 2022, the average rapeseed oil export price amounted to $1,994 per ton, standing approx. at the previous year. Overall, the export price enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2013 an increase of 69% against the previous year. As a result, the export price reached the peak level of $2,299 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Iran.
From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +3.9% per year.
Rapeseed Oil Imports in Kuwait
In 2022, supplies from abroad of rapeseed oil decreased by -23.2% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 108%. As a result, imports reached the peak of 1.6K tons, and then fell significantly in the following year.
In value terms, rapeseed oil imports dropped sharply to $1.9M in 2022. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109%. As a result, imports reached the peak of $2.6M, and then fell markedly in the following year.
Import of Rapeseed Oil in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 562 | 386 | 395 | 530 | -1.9% |
India | 203 | 183 | 338 | 239 | 5.6% |
United Arab Emirates | 147 | 226 | 401 | 235 | 16.9% |
United States | 69.9 | 104 | 562 | 200 | 42.0% |
Malaysia | 32.7 | 90.4 | 202 | 161 | 70.1% |
Turkey | 30.5 | 60.9 | 103 | 123 | 59.2% |
Bangladesh | 22.3 | 69.6 | 75.8 | 64.6 | 42.6% |
Belgium | 10.9 | 20.7 | 116 | 53.8 | 70.3% |
Others | 124 | 116 | 438 | 337 | 39.6% |
Total | 1,201 | 1,256 | 2,630 | 1,943 | 17.4% |
Top Suppliers of Rapeseed Oil to Kuwait in 2022:
- Canada (369.0 tons)
- United Arab Emirates (138.7 tons)
- Malaysia (114.7 tons)
- United States (109.6 tons)
- India (91.7 tons)
- Belgium (69.0 tons)
- Turkey (56.0 tons)
- Bangladesh (42.6 tons)
Rapeseed Oil Exports in Kuwait
Rapeseed oil exports from Kuwait contracted markedly to 3.8 tons in 2022, with a decrease of -74.8% compared with the year before. Overall, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 609% against the previous year. As a result, the exports attained the peak of 15 tons, and then fell notably in the following year.
In value terms, rapeseed oil exports dropped dramatically to $7.5K in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 558% against the previous year. As a result, the exports attained the peak of $30K, and then declined notably in the following year.
Export of Rapeseed Oil in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 12.1 | 4.5 | 7.7 | 7.5 | -14.7% |
United Arab Emirates | N/A | N/A | 21.9 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 12.1 | 4.5 | 29.5 | 7.5 | -14.7% |
Top Export Markets for Rapeseed Oil from Kuwait in 2022:
- Iran (3.8 tons)
This report provides an in-depth analysis of the rapeseed oil market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 271 - Oil of Rapeseed or Canola oil
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rapeseed oil market in Kuwait.
This report provides an in-depth analysis of the crude rapeseed oil market in Kuwait.
This report provides an in-depth analysis of the refined rapeseed oil market in Kuwait.
This report provides an in-depth analysis of the global rapeseed oil market.
This report provides an in-depth analysis of the global crude rapeseed oil market.
This report provides an in-depth analysis of the global refined rapeseed oil market.
This report provides an in-depth analysis of the rapeseed oil market in Kuwait.
This report provides an in-depth analysis of the crude rapeseed oil market in Kuwait.
This report provides an in-depth analysis of the refined rapeseed oil market in Kuwait.
This report provides an in-depth analysis of the global rapeseed oil market.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.