Price for Cereals; Millet, Other than Seed in Kuwait - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Kuwait (CIF) - 2022
- Imports of Cereals; Millet, Other than Seed in Kuwait
Price for Cereals; Millet, Other than Seed in Kuwait (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $606 per ton in 2022, rising by 2.4% against the previous year. In general, import price indicated a notable increase from 2013 to 2022: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed import price increased by +47.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 39%. As a result, import price reached the peak level of $613 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($606 per ton) and Ukraine ($606 per ton), while the price for India ($606 per ton) and Yemen ($606 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Kuwait
In 2022, cereals; millet, other than seed imports into Kuwait skyrocketed to 1.3K tons, increasing by 286% against 2021. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports soared to $765K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 48.7 | 84.1 | 46.6 | 286 | 80.4% |
| Russia | 13.1 | 21.3 | 27.8 | 203 | 149.3% |
| United States | 36.4 | 23.5 | 15.1 | 194 | 74.7% |
| Ukraine | 117 | 134 | 64.1 | 50.7 | -24.3% |
| Yemen | N/A | 6.3 | 1.9 | 23.2 | 91.9% |
| Pakistan | N/A | 44.4 | N/A | N/A | 0% |
| Brazil | N/A | 36.4 | N/A | N/A | 0% |
| Others | 25.6 | 43.7 | 38.2 | 8.2 | -31.6% |
| Total | 241 | 393 | 194 | 765 | 47.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Kuwait in 2022:
- India (471.5 tons)
- Russia (335.1 tons)
- United States (320.7 tons)
- Ukraine (83.6 tons)
- Yemen (38.3 tons)
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