Kuwait: Grain Market 2024

Grain Market Size in Kuwait

The Kuwaiti grain market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption posted a significant increase. Grain consumption peaked in 2022 and is likely to continue growth in the near future.

Grain Production in Kuwait

In value terms, grain production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average grain yield in Kuwait expanded notably to X tons per ha, with an increase of X% against 2021 figures. Overall, the yield, however, saw a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the average grain yield attained the peak level at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereal grains production in Kuwait reached X ha, increasing by X% against the previous year's figure. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The grain harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from Kuwait

In 2022, the amount of cereal grains exported from Kuwait declined rapidly to X kg, with a decrease of X% against 2021. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, grain exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Jordan stood at X%.

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

From 2012 to 2022, the average annual growth rate of value to Qatar totaled X%.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Jordan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grain Imports

Imports into Kuwait

In 2022, overseas purchases of cereal grains increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X,350% against the previous year. Imports peaked at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, grain imports surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of grain to Kuwait, with a X% share of total imports. Moreover, grain imports from Australia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sevenfold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

In value terms, Australia ($X) constituted the largest supplier of cereal grains to Kuwait, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with an X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

Import Prices by Country

The average grain import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :