Price for Cereal Groats; Meal and Pellets in Kuwait - 2021

Contents:

1. Price for Cereal Groats; Meal and Pellets in Kuwait (CIF) - 2021
2. Price for Cereal Groats; Meal and Pellets in Kuwait (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Kuwait
4. Exports of Cereal Groats; Meal and Pellets in Kuwait

Price for Cereal Groats; Meal and Pellets in Kuwait (CIF) - 2021

The average import price for cereal groats; meal and pelletses stood at $589 per ton in December 2021, surging by 6.2% against the previous month. In general, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in February 2021 an increase of 16% m-o-m. The import price peaked at $709 per ton in July 2021; however, from August 2021 to December 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Italy ($641 per ton), while the price for Turkey ($529 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats; Meal and Pellets in Kuwait (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $767 per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2015 when the average export price increased by 40%. As a result, the export price reached the peak level of $1,108 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($1,610 per ton), while the average price for exports to Bahrain ($695 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Kuwait

In 2022, the amount of cereal groats; meal and pelletses imported into Kuwait soared to 4.4K tons, growing by 15% compared with 2021. Over the period under review, imports, however, recorded a pronounced setback.

In value terms, cereal groats; meal and pellets imports rose sharply to $2.5M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. As a result, imports reached the peak of $2.7M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Cereal Groats; Meal and Pellets to Kuwait in 2022:

1. Turkey (2072.0 tons)
2. Italy (1037.9 tons)
3. United Arab Emirates (564.7 tons)
4. India (338.8 tons)
5. Oman (131.0 tons)
6. Australia (24.2 tons)

Exports of Cereal Groats; Meal and Pellets in Kuwait

After two years of decline, shipments abroad of cereal groats; meal and pelletses increased by 6.9% to 3.9 tons in 2022. Over the period under review, exports, however, showed a abrupt decline.

In value terms, cereal groats; meal and pellets exports rose notably to $3K in 2022. Overall, exports, however, recorded a abrupt slump.

Top Export Markets for Cereal Groats; Meal and Pellets from Kuwait in 2022:

1. Saudi Arabia (3184.0 kg)
2. United Arab Emirates (544.0 kg)
3. Qatar (84.0 kg)
4. Jordan (53.0 kg)

Source: IndexBox Market Intelligence Platform