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Kuwait - Animal Or Vegetable Fats And Oils Chemically Modified - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChemically Modified Oils Price in Kuwait - 2021
Contents:
- Chemically Modified Oils Price in Kuwait (FOB) - 2021
- Chemically Modified Oils Price in Kuwait (CIF) - 2022
- Chemically Modified Oils Exports in Kuwait
- Chemically Modified Oils Imports in Kuwait
Chemically Modified Oils Price in Kuwait (FOB) - 2021
The average chemically modified oils export price stood at $446 per ton in December 2021, growing by 6.2% against the previous month. Overall, export price indicated a buoyant increase from January 2021 to December 2021: its price increased at an average monthly rate of +5.6% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, chemically modified oils export price decreased by -31.4% against July 2021 indices. The most prominent rate of growth was recorded in March 2021 when the average export price increased by 86% against the previous month. The export price peaked at $650 per ton in July 2021; however, from August 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was the UK ($703 per ton), while the average price for exports to Spain ($111 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Chemically Modified Oils Price in Kuwait (CIF) - 2022
The average chemically modified oils import price stood at $1,650 per ton in 2022, declining by -7.5% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +12.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $2,574 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,307 per ton), while the price for Malaysia ($796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Chemically Modified Oils Exports in Kuwait
Chemically modified oils exports from Kuwait was estimated at 17K tons in 2022, with an increase of 3% compared with 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 26%.
In value terms, chemically modified oils exports fell significantly to $14M in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 70%. As a result, the exports attained the peak of $18M, and then shrank rapidly in the following year.
Export of Chemically Modified Oils in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 1.6 | 1.1 | 2.0 | 3.4 | 28.6% |
Portugal | 0.2 | 0.9 | 1.8 | 1.4 | 91.3% |
Pakistan | 1.4 | 1.5 | 1.8 | 0.9 | -13.7% |
United Kingdom | 1.6 | 1.6 | 2.0 | 0.9 | -17.5% |
Spain | 0.8 | 0.2 | 0.3 | 0.9 | 4.0% |
India | 0.7 | 0.8 | 1.1 | 0.6 | -5.0% |
Others | 6.4 | 4.3 | 8.7 | 6.0 | -2.1% |
Total | 12.8 | 10.4 | 17.7 | 14.1 | 3.3% |
Top Export Markets for Chemically Modified Oils from Kuwait in 2022:
- Netherlands (4.4K tons)
- Spain (4.1K tons)
- Pakistan (1.7K tons)
- United Kingdom (1.1K tons)
- India (1.0K tons)
- Portugal (0.8K tons)
Chemically Modified Oils Imports in Kuwait
After two years of decline, supplies from abroad of animal or vegetable fats and oils chemically modified increased by 14% to 176 tons in 2022. In general, imports, however, showed a sharp reduction.
In value terms, chemically modified oils imports totaled $291K in 2022. Overall, imports, however, saw a sharp decrease.
Import of Chemically Modified Oils in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 82.3 | 43.5 | 54.9 | 58.1 | -11.0% |
Belgium | 113 | 20.7 | 37.1 | 50.4 | -23.6% |
Italy | 74.8 | 32.0 | 39.7 | 43.9 | -16.3% |
China | 59.9 | 14.3 | 25.3 | 34.1 | -17.1% |
Netherlands | 9.9 | 6.1 | 14.1 | 14.6 | 13.8% |
United Kingdom | 25.6 | 10.8 | 10.8 | 9.2 | -28.9% |
Malaysia | 16.7 | 8.1 | 9.4 | 9.2 | -18.0% |
United States | 1.4 | 5.5 | 21.4 | 3.9 | 40.7% |
Indonesia | N/A | 54.7 | N/A | N/A | 0% |
Others | 245 | 111 | 62.0 | 67.4 | -35.0% |
Total | 629 | 307 | 275 | 291 | -22.7% |
Top Suppliers of Chemically Modified Oils to Kuwait in 2022:
- Egypt (41.4 tons)
- Italy (38.2 tons)
- Belgium (22.7 tons)
- China (16.7 tons)
- Malaysia (11.5 tons)
- Netherlands (6.3 tons)
- United Kingdom (4.4 tons)
- United States (3.6 tons)
This report provides an in-depth analysis of the chemically modified oils 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.
Product coverage:
- Prodcom 20592000 - Animal or vegetable fats and oils chemically modified
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the chemically modified oils market in Kuwait.
This report provides an in-depth analysis of the global chemically modified oils market.
This report provides an in-depth analysis of the chemically modified oils market in Kuwait.
This report provides an in-depth analysis of the global chemically modified oils market.
Explore the top import markets for chemically modified oils and analyze key statistics and trends driving these markets.
Explore the top import markets for chemically modified oils and analyze key statistics and trends driving these markets.