Price for Cereal Groats and Meal; of Maize (Corn) in Kuwait - 2022

Price for Cereal Groats and Meal; of Maize (Corn) in Kuwait (CIF) - 2022

The average import price for cereal groats and meal; of maize (corn)s stood at $565 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 4.3% against the previous year. Over the period under review, average import prices attained the peak figure at $594 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($561 per ton) and Turkey ($561 per ton), while the price for Italy ($561 per ton) and France ($561 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Groats and Meal; of Maize (Corn) in Kuwait (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $481 per ton, picking up by 1.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 71%. Over the period under review, the average export prices attained the peak figure at $1,227 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to -5.6% per year.

Imports of Cereal Groats and Meal; of Maize (Corn) in Kuwait

In 2022, imports of cereal groats and meal; of maize (corn)s into Kuwait skyrocketed to 5.7K tons, rising by 276% against the previous year's figure. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal groats and meal; of maize (corn)s soared to $3.2M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cereal Groats and Meal; of Maize (Corn) in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	332	344	274	1,124	50.2%
India	75.5	48.2	38.7	938	131.6%
Turkey	13.0	25.3	81.8	816	297.4%
France	2.4	13.7	12.2	332	417.2%
Others	405	423	458	30.2	-57.9%
Total	827	854	864	3,240	57.6%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Kuwait in 2022:

Italy (2.0K tons)
India (1.7K tons)
Turkey (1.5K tons)
France (0.6K tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Kuwait

For the third year in a row, Kuwait recorded decline in shipments abroad of cereal groats and meal; of maize (corn)s, which decreased by -42.1% to 5.4 tons in 2022. Over the period under review, exports saw a sharp decline. The smallest decline of -23.9% was in 2021.

In value terms, exports of cereal groats and meal; of maize (corn)s contracted remarkably to $2.6K in 2022. In general, exports recorded a precipitous decrease. The smallest decline of -23.3% was in 2021.