Price for Cheese of All Kinds, Grated or Powdered in Kuwait - 2022
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Kuwait (CIF) - 2022
- Price for Cheese of All Kinds, Grated or Powdered in Kuwait (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Kuwait
- Exports of Cheese of All Kinds, Grated or Powdered in Kuwait
Price for Cheese of All Kinds, Grated or Powdered in Kuwait (CIF) - 2022
In 2022, the average import price for cheese of all kinds, grated or powdered amounted to $6,393 per ton, jumping by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were New Zealand ($6,393 per ton) and the United States ($6,393 per ton), while the price for France ($6,393 per ton) and the UK ($6,393 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Kuwait (FOB) - 2022
In 2022, the average export price for cheese of all kinds, grated or powdered amounted to $5,920 per ton, jumping by 201% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($5,920 per ton), while the average price for exports to Qatar stood at $5,920 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Cheese of All Kinds, Grated or Powdered in Kuwait
In 2022, approx. 4.6K tons of cheese of all kinds, grated or powdered were imported into Kuwait; which is down by -23.9% against the previous year. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 92%. As a result, imports reached the peak of 6K tons, and then declined notably in the following year.
In value terms, imports of cheese of all kinds, grated or powdered rose to $29M in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 87%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Cheese of All Kinds, Grated or Powdered in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.2 | 0.2 | 0.2 | 12.3 | 294.7% |
| United States | 3.6 | 4.2 | 7.1 | 5.0 | 11.6% |
| New Zealand | 6.9 | 5.5 | 12.9 | 4.9 | -10.8% |
| Turkey | 0.7 | 1.3 | 2.2 | 2.3 | 48.7% |
| Denmark | 0.1 | N/A | 0.7 | 0.8 | 100.0% |
| France | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| United Kingdom | 0.5 | 0.9 | 0.8 | 0.6 | 6.3% |
| Egypt | 0.6 | 0.3 | 0.5 | 0.3 | -20.6% |
| Others | 1.5 | 2.1 | 3.3 | 2.5 | 18.6% |
| Total | 14.5 | 15.0 | 28.0 | 29.3 | 26.4% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Kuwait in 2022:
- Saudi Arabia (1922.3 tons)
- United States (781.5 tons)
- New Zealand (762.9 tons)
- Turkey (364.5 tons)
- Denmark (132.0 tons)
- France (94.4 tons)
- United Kingdom (88.0 tons)
- Egypt (49.0 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Kuwait
For the fourth year in a row, Kuwait recorded growth in overseas shipments of cheese of all kinds, grated or powdered, which increased by 312% to 214 tons in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 528% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered surged to $1.3M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.4 | 15.0 | 6.6 | 1,241 | 860.6% |
| Qatar | 0.4 | 0.2 | 5.5 | 23.8 | 290.4% |
| Iraq | 14.7 | 42.3 | 87.7 | N/A | 144.3% |
| Others | 0.7 | 2.2 | 2.3 | 0.7 | 0.0% |
| Total | 17.2 | 59.6 | 102 | 1,266 | 319.1% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Kuwait in 2022:
- Saudi Arabia (209.7 tons)
- Qatar (4.0 tons)
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