Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait - 2022
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait (CIF) - 2022
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait (FOB) - 2022
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait (CIF) - 2022
In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $503 per ton, reducing by -38.4% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. The import price peaked at $1,188 per ton in 2019; however, from 2020 to 2022, 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 Peru ($2,601 per ton), while the price for the United Arab Emirates ($367 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait (FOB) - 2022
In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $1,507 per ton, approximately equating the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price decreased by -0.1%. Over the period under review, the average export prices attained the peak figure at $3,750 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($1,507 per ton), while the average price for exports to Saudi Arabia amounted to $1,506 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+12.2%).
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait
In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Kuwait soared to 256 tons, rising by 76% on the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $128K in 2022. In general, imports, however, showed a abrupt slump.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.7 | 0.6 | 0.4 | 75.4 | 375.8% |
| Peru | 2.2 | 0.7 | N/A | 17.2 | 98.5% |
| Egypt | 30.3 | 19.3 | 19.9 | 12.7 | -25.2% |
| India | 33.1 | 39.7 | 10.5 | 7.9 | -38.0% |
| Thailand | 10.7 | 4.9 | 2.2 | 5.2 | -21.4% |
| Turkey | 0.8 | 2.3 | 8.7 | 3.0 | 55.4% |
| Philippines | 31.0 | 7.5 | 2.6 | 0.2 | -81.4% |
| Malaysia | 74.9 | 73.2 | 53.7 | N/A | -15.3% |
| Others | 44.5 | 56.0 | 20.4 | 7.0 | -46.0% |
| Total | 228 | 204 | 119 | 128 | -17.5% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Kuwait in 2022:
- United Arab Emirates (205.3 tons)
- India (18.5 tons)
- Egypt (11.9 tons)
- Peru (6.6 tons)
- Thailand (5.7 tons)
- Turkey (4.0 tons)
- Philippines (0.2 tons)
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait
In 2022, approx. 20 tons of flour and meal; of sago, roots or tubers of heading no. 0714 were exported from Kuwait; leveling off at the previous year. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 stood at $30K in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Oman | N/A | N/A | 23.5 | 0% | |
| Saudi Arabia | 1.1 | N/A | 6.7 | 146.8% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 1.2 | N/A | 30.3 | 402.5% | |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Kuwait in 2022:
- Oman (15.6 tons)
- Saudi Arabia (4.5 tons)
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