Cereals; Millet Price in Kuwait - 2022
Contents:
Cereals; Millet Price in Kuwait (CIF) - 2022
In 2022, the average cereals; millet import price amounted to $886 per ton, increasing by 9.5% against the previous year. Over the period under review, the import price saw a resilient expansion. The growth pace was the most rapid in 2013 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +58.5% per year.
Cereals; Millet Imports in Kuwait
For the third consecutive year, Kuwait recorded decline in purchases abroad of cereals; millets, which decreased by -5.9% to 209 tons in 2022. In general, imports saw a abrupt shrinkage.
In value terms, cereals; millet imports amounted to $185K in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 170 | 175 | 180 | 185 | 2.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 170 | 175 | 180 | 185 | 2.9% |
Top Suppliers of Cereals; Millet to Kuwait in 2022:
- India (209.1 tons)
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