Kuwait: Cereal Germ Market 2024

Cereal Germ Market Size in Kuwait

The Kuwaiti cereal germ market rose modestly to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. Cereal germ consumption peaked in 2022 and is likely to continue growth in the immediate term.

Cereal Germ Production in Kuwait

In value terms, cereal germ production totaled $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Cereal germ production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cereal Germ Exports

Exports from Kuwait

In 2019, cereal germ exports from Kuwait dropped slightly to X kg, therefore, remained relatively stable against 2018 figures. Over the period under review, exports, however, posted a significant expansion. The exports peaked at X kg in 2018, and then declined modestly in the following year.

In value terms, cereal germ exports expanded slightly to $X in 2019. In general, exports, however, posted pronounced growth. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X kg) was the main destination for cereal germ exports from Kuwait, with a X% share of total exports. Moreover, cereal germ exports to Qatar exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2013 to 2019, the average annual growth rate of volume to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Djibouti (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for cereal germ exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports.

From 2013 to 2019, the average annual growth rate of value to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Djibouti (X% per year).

Export Prices by Country

In 2019, the average cereal germ export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a deep downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Djibouti ($X per ton) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Germ Imports

Imports into Kuwait

In 2022, overseas purchases of cereal germ increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal germ imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of cereal germ imports to Kuwait, with a combined X% share of total imports.

From 2013 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Turkey ($X) appeared to be the largest cereal germ suppliers to Kuwait, with a combined X% share of total imports. The United Arab Emirates, Peru, Sri Lanka and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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