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Kuwait - Maize - Market Analysis, Forecast, Size, Trends and Insights
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Kuwait: Maize Market Overview 2021

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Maize Market Size in Kuwait

In 2019, the Kuwaiti maize market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption enjoyed a pronounced expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Maize Production in Kuwait

In value terms, maize production rose markedly to $X in 2019 estimated in export prices. In general, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

In 2019, the average yield of maize in Kuwait reduced slightly to X tonnes per ha, approximately reflecting 2018. Overall, the yield showed a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The maize yield peaked at X tonnes per ha in 2013; however, from 2014 to 2019, 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.

The maize harvested area in Kuwait contracted to X ha in 2019, with a decrease of -X% compared with the previous year. In general, the harvested area saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% y-o-y. The maize harvested area peaked at X ha in 2011; however, from 2012 to 2019, the harvested area remained at a lower figure.

Maize Exports

Exports from Kuwait

In 2019, approx. X tonnes of maize were exported from Kuwait; approximately equating 2018. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, maize exports surged to $X in 2019. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Iran stood at +X%.

In value terms, Qatar ($X) remains the key foreign market for maize exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by Iran ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Qatar totaled -X%.

Export Prices by Country

The average maize export price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, the export price showed measured growth. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Iran amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iran.

Maize Imports

Imports into Kuwait

In 2019, purchases abroad of maize increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to see gradual growth in the immediate term.

In value terms, maize imports surged to $X in 2019. Over the period under review, imports posted a notable increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Argentina (X tonnes) constituted the largest maize supplier to Kuwait, accounting for a X% share of total imports. Moreover, maize imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from Argentina amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Argentina ($X) constituted the largest supplier of maize to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2019, the average maize import price amounted to $X per tonne, approximately equating the previous year. Overall, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize in the world?
+
The countries with the highest volumes of maize consumption in 2019 were the U.S. (374M tonnes), China (271M tonnes) and Brazil (45M tonnes), together comprising 57% of global consumption. Mexico, Indonesia and India lagged somewhat behind, together accounting for a further 8.8%.
What are the largest producers of maize in the world?
+
The countries with the highest volumes of maize production in 2019 were the U.S. (399M tonnes), China (270M tonnes) and Brazil (86M tonnes), together comprising 63% of global production. These countries were followed by Argentina, Ukraine, Indonesia, India, Mexico and Romania, which together accounted for a further 17%.
What are the leading suppliers of maize to Kuwait?
+
In value terms, Argentina ($25M) constituted the largest supplier of maize to Kuwait, comprising 68% of total imports. The second position in the ranking was occupied by Brazil ($9.7M), with a 26% share of total imports.
What are the leading importers of maize from Kuwait?
+
In value terms, Qatar ($39K) remains the key foreign market for maize exports from Kuwait, comprising 90% of total exports. The second position in the ranking was occupied by Iran ($4.3K), with a 10% share of total exports.
What is the average export price for maize in Kuwait?
+
The average maize export price stood at $372 per tonne in 2019, increasing by 41% against the previous year.
What is the average import price for maize in Kuwait?
+
The average maize import price stood at $167 per tonne in 2019, stabilizing at the previous year.

Product coverage:
• FCL 56 - Maize

This report provides an in-depth analysis of the maize 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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