Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait - 2022
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait (CIF) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait (FOB) - 2022
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait (CIF) - 2022
In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $749 per ton, declining by -54.5% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 191%. As a result, import price reached the peak level of $2,195 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,180 per ton), while the price for South Korea ($569 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait (FOB) - 2022
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $482 per ton in 2022, approximately mirroring the previous year. Overall, the export price showed a precipitous setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 9.1% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,570 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2013 to 2022, the rate of growth in terms of prices for Bahrain amounted to +1,027.9% per year.
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait
In 2022, approx. 124 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were imported into Kuwait; picking up by 1,564% against 2021 figures. Over the period under review, imports recorded a significant increase.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $93K in 2022. Overall, imports enjoyed resilient growth.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.3 | N/A | N/A | 37.8 | 401.3% |
| South Korea | N/A | N/A | N/A | 14.6 | 0% |
| United Arab Emirates | 2.3 | 8.2 | 0.1 | 13.8 | 81.7% |
| India | 1.9 | 25.5 | 0.8 | 11.3 | 81.2% |
| United States | 32.7 | 78.0 | 1.4 | 11.0 | -30.5% |
| Mexico | N/A | N/A | N/A | 3.1 | 0% |
| Jordan | 25.2 | 14.3 | 4.2 | N/A | -59.2% |
| Philippines | 11.5 | 16.2 | 4.8 | N/A | -35.4% |
| Canada | N/A | 50.4 | N/A | N/A | 0% |
| Others | 4.6 | 4.4 | 0.9 | 1.1 | -37.9% |
| Total | 78.6 | 197 | 12.3 | 92.7 | 5.7% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Kuwait in 2022:
- Turkey (66.5 tons)
- South Korea (25.7 tons)
- India (19.8 tons)
- Mexico (5.4 tons)
- United Arab Emirates (3.3 tons)
- United States (2.6 tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait
In 2022, after two years of decline, there was decline in overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume decreased by 0% to 15 tons. Over the period under review, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) totaled $7.3K in 2022. In general, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 7.3 | 0% |
| Qatar | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 0.5 | N/A | N/A | 7.3 | 144.4% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Kuwait in 2022:
- Saudi Arabia (15.2 tons)
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