Kuwait: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Kuwait

The Kuwaiti market for sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, enjoyed a prominent increase. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Kuwait

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified totaled $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The growth pace was the most rapid in 2015 with an increase of X%. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Kuwait

In 2022, exports of sunflower-seed or safflower oil, refined, but not chemically modified from Kuwait surged to X tons, growing by X% against the previous year. In general, exports, however, showed a deep setback. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Kuwait, with a X% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold.

From 2013 to 2022, the average annual growth rate of volume to Qatar stood at X%.

From 2013 to 2022, the average annual rate of growth in terms of value to Qatar totaled X%.

Export Prices by Country

In 2022, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a resilient expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%).

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Kuwait

For the third consecutive year, Kuwait recorded growth in supplies from abroad of sunflower-seed or safflower oil, refined, but not chemically modified, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified rose markedly to $X in 2022. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Kuwait, together comprising X% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Kuwait, together accounting for X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Oman ($X per ton) and Ukraine ($X per ton), while the price for Turkey ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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