Kuwait - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Kuwait - 2021
Contents:
- Sugar Price in Kuwait (CIF) - 2021
- Sugar Price in Kuwait (FOB) - 2022
- Sugar Imports in Kuwait
- Sugar Exports in Kuwait
Sugar Price in Kuwait (CIF) - 2021
In December 2021, the average sugar import price amounted to $681 per ton, approximately reflecting the previous month. In general, the import price, however, showed a mild expansion. The growth pace was the most rapid in August 2021 an increase of 118% month-to-month. Over the period under review, average import prices hit record highs at $1,180 per ton in October 2021; however, from November 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mauritius ($4,138 per ton), while the price for India ($589 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 Mauritius (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in Kuwait (FOB) - 2022
The average sugar export price stood at $2,235 per ton in 2022, growing by 70% against the previous year. In general, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,920 per ton), while the average price for exports to Iran totaled $475 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Comoros (+48.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Imports in Kuwait
In 2022, the amount of sugar imported into Kuwait soared to 8.6K tons, increasing by 209% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugar imports skyrocketed to $5.1M in 2022. In general, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sugar in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,236 | 969 | 1,601 | 3,702 | 18.3% |
| Singapore | 236 | 147 | 195 | 222 | -2.0% |
| United Arab Emirates | 90.2 | 112 | 69.6 | 201 | 30.6% |
| Saudi Arabia | 194 | 10.7 | 60.3 | 117 | -15.5% |
| Mauritius | 384 | 197 | 207 | 91.7 | -38.0% |
| Thailand | 32.8 | 20.9 | 38.2 | 57.9 | 20.9% |
| Others | 276 | 210 | 455 | 738 | 38.8% |
| Total | 3,450 | 1,667 | 2,627 | 5,130 | 14.1% |
Top Suppliers of Sugar to Kuwait in 2022:
- India (7.4K tons)
- United Arab Emirates (0.4K tons)
- Saudi Arabia (0.2K tons)
- Singapore (0.1K tons)
- Mauritius (0.1K tons)
- Thailand (0.1K tons)
Sugar Exports in Kuwait
In 2022, shipments abroad of sugar decreased by -23.8% to 14 tons, falling for the second consecutive year after two years of growth. In general, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of 55%. As a result, the exports attained the peak of 25 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sugar exports skyrocketed to $32K in 2022. The total export value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sugar in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.9 | 3.9 | 22.3 | 29.6 | 220.4% |
| Iran | 0.7 | 1.9 | 1.4 | 1.9 | 39.5% |
| Comoros | N/A | 5.5 | N/A | N/A | 0% |
| Oman | N/A | 0.8 | N/A | N/A | 0% |
| Saudi Arabia | 17.8 | N/A | N/A | N/A | 0% |
| Mauritania | N/A | N/A | 0.4 | N/A | 0% |
| Bahrain | 1.1 | 11.0 | 0.2 | N/A | -57.4% |
| Others | 2.0 | 0.2 | N/A | N/A | -90.0% |
| Total | 22.5 | 23.4 | 24.4 | 31.5 | 11.9% |
Top Export Markets for Sugar from Kuwait in 2022:
- United Arab Emirates (10.2 tons)
- Iran (3.9 tons)
This report provides an in-depth analysis of the sugar 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 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
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The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
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