
Kuwait - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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Kuwait: Sunflower Seed Market 2022
Sunflower Seed Market Size in Kuwait
After three years of growth, the Kuwaiti sunflower seed market decreased by -X% to $X in 2021. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value 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. Based on 2021 figures, consumption increased by +X% against 2012 indices. Sunflower seed consumption peaked at $X in 2020, and then declined modestly in the following year.
Sunflower Seed Exports
Exports from Kuwait
In 2021, shipments abroad of sunflower seed increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.
In value terms, sunflower seed exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Qatar (X tons), Bahrain (X tons) and Saudi Arabia (X tons) were the main destinations of sunflower seed exports from Kuwait, together accounting for X% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($X) remains the key foreign market for sunflower seed exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Bahrain (+X% per year).
Export Prices by Country
The average sunflower seed export price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+X%), while the prices for the other major destinations experienced mixed trend patterns.
Sunflower Seed Imports
Imports into Kuwait
In 2021, supplies from abroad of sunflower seed decreased by -X% to X tons for the first time since 2014, thus ending a six-year rising trend. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020, and then declined in the following year.
In value terms, sunflower seed imports fell modestly to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value 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. Based on 2021 figures, imports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank slightly in the following year.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of sunflower seed to Kuwait, accounting for a X% share of total imports. Moreover, sunflower seed imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), ninefold. Argentina (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Argentina (-X% per year).
In value terms, China ($X) constituted the largest supplier of sunflower seed to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by the United States, with a X% share.
From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and the United States (-X% per year).
Import Prices by Country
In 2021, the average sunflower seed import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and the United Arab Emirates ($X per ton), while the price for Argentina ($X per ton) and the United States ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sunflower seed 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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