Onion Price in Kuwait - 2022
Contents:
- Onion Price in Kuwait (CIF) - 2022
- Onion Price in Kuwait (FOB) - 2022
- Onion Imports in Kuwait
- Onion Exports in Kuwait
Onion Price in Kuwait (CIF) - 2022
In 2022, the average onion import price amounted to $374 per ton, with a decrease of -5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2015 when the average import price increased by 36%. As a result, import price attained the peak level of $432 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($423 per ton), while the price for Iran ($147 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Kuwait (FOB) - 2022
The average onion export price stood at $260 per ton in 2022, jumping by 17% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion export price increased by +41.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 45%. The export price peaked at $335 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($269 per ton), while the average price for exports to Iran ($100 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 Iraq (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Onion Imports in Kuwait
In 2022, purchases abroad of onions (dry) decreased by -25.3% to 72K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 124K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, onion imports contracted dramatically to $27M in 2022. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, imports attained the peak of $50M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Onion in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.5 | 15.9 | 11.7 | 8.9 | -20.2% |
| Egypt | 4.0 | 6.3 | 3.8 | 4.8 | 6.3% |
| United Arab Emirates | 2.7 | 6.9 | 7.5 | 4.7 | 20.3% |
| Pakistan | 0.6 | 3.2 | 4.7 | 2.6 | 63.0% |
| Yemen | 0.9 | 6.1 | 4.8 | 2.6 | 42.4% |
| Turkey | 0.9 | 1.3 | 1.6 | 0.8 | -3.9% |
| Spain | 1.4 | 1.5 | 1.1 | 0.8 | -17.0% |
| Iran | 9.2 | 2.6 | 0.6 | 0.2 | -72.1% |
| Others | 3.7 | 5.7 | 2.7 | 1.4 | -27.7% |
| Total | 40.8 | 49.5 | 38.4 | 26.9 | -13.0% |
Top Suppliers of Onion to Kuwait in 2022:
- India (21.0K tons)
- United Arab Emirates (17.8K tons)
- Egypt (11.3K tons)
- Pakistan (6.3K tons)
- Yemen (6.1K tons)
- Turkey (2.0K tons)
- Spain (1.9K tons)
- Iran (1.5K tons)
Onion Exports in Kuwait
In 2022, exports of onions (dry) from Kuwait surged to 162 tons, increasing by 286% compared with the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,353% against the previous year. As a result, the exports reached the peak of 800 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, onion exports skyrocketed to $42K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,990% against the previous year. As a result, the exports reached the peak of $212K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Onion in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 8.5 | 190 | 8.9 | 40.6 | 68.4% |
| Iran | 0.2 | 6.1 | 0.2 | 0.7 | 51.8% |
| Qatar | 0.1 | 1.1 | N/A | 0.6 | 81.7% |
| Saudi Arabia | 1.4 | 15.5 | 0.1 | 0.2 | -47.7% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 10.2 | 212 | 9.3 | 42.1 | 60.4% |
Top Export Markets for Onion from Kuwait in 2022:
- Iraq (151.1 tons)
- Iran (7.3 tons)
- Qatar (3.0 tons)
- Saudi Arabia (0.9 tons)
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