Kuwait - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Kuwait - 2021
Contents:
- Refined Maize Oil Price in Kuwait (CIF) - 2021
- Refined Maize Oil Price in Kuwait (FOB) - 2022
- Refined Maize Oil Imports in Kuwait
- Refined Maize Oil Exports in Kuwait
Refined Maize Oil Price in Kuwait (CIF) - 2021
The average refined maize oil import price stood at $2,584 per ton in December 2021, with an increase of 9.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2021 an increase of 19% against the previous month. The import price peaked at $2,674 per ton in October 2021; however, from November 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($4,170 per ton), while the price for the United Arab Emirates ($2,230 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 the United States (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Price in Kuwait (FOB) - 2022
In 2022, the average refined maize oil export price amounted to $1,076 per ton, remaining constant against the previous year. Overall, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $2,369 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Iran ($2,238 per ton), while the average price for exports to Oman ($835 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 the UK (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Refined Maize Oil Imports in Kuwait
In 2022, after three years of growth, there was decline in purchases abroad of refined maize (corn) oil, when their volume decreased by -1.2% to 41K tons. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23%.
In value terms, refined maize oil imports shrank remarkably to $60M in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports attained the peak of $74M, and then contracted remarkably in the following year.
Import of Refined Maize Oil in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 12.5 | 19.2 | 25.5 | 11.1 | -3.9% |
United Arab Emirates | 17.2 | 12.1 | 13.2 | 9.6 | -17.7% |
France | 0.1 | 2.4 | 7.8 | 3.1 | 214.1% |
Belgium | 0.3 | 0.8 | 2.8 | 1.1 | 54.2% |
Malaysia | 1.5 | 1.3 | 1.6 | 0.9 | -15.7% |
Singapore | 0.9 | 1.1 | 0.8 | 0.7 | -8.0% |
United States | 2.9 | 3.3 | 1.9 | 0.7 | -37.7% |
Turkey | 0.6 | 2.0 | 0.8 | 0.5 | -5.9% |
Egypt | 0.7 | 0.8 | 0.2 | 0.4 | -17.0% |
Others | 0.4 | 3.9 | 19.3 | 32.2 | 331.8% |
Total | 37.1 | 46.9 | 73.8 | 60.3 | 17.6% |
Top Suppliers of Refined Maize Oil to Kuwait in 2022:
- Saudi Arabia (7.1K tons)
- United Arab Emirates (4.8K tons)
- France (2.4K tons)
- Belgium (0.9K tons)
- Malaysia (0.7K tons)
- United States (0.5K tons)
- Turkey (0.4K tons)
- Singapore (0.4K tons)
- Egypt (0.3K tons)
Refined Maize Oil Exports in Kuwait
After three years of growth, overseas shipments of refined maize (corn) oil decreased by -6.6% to 2.2K tons in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 85%.
In value terms, refined maize oil exports dropped to $2.3M in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 26% against the previous year.
Export of Refined Maize Oil in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 401 | 1,328 | 1,541 | 1,386 | 51.2% |
Iran | 713 | 540 | 591 | 531 | -9.4% |
Saudi Arabia | 235 | 226 | 313 | 336 | 12.7% |
United Arab Emirates | 7.4 | 10.1 | 19.8 | 51.7 | 91.2% |
Netherlands | 337 | N/A | N/A | N/A | 0% |
Others | 13.8 | 52.8 | 15.4 | 14.4 | 1.4% |
Total | 1,707 | 2,157 | 2,480 | 2,318 | 10.7% |
Top Export Markets for Refined Maize Oil from Kuwait in 2022:
- Oman (1659.0 tons)
- Iran (237.4 tons)
- Saudi Arabia (219.4 tons)
- United Arab Emirates (33.7 tons)
This report provides an in-depth analysis of the refined maize 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:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
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
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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
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In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
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The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
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