Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait - 2022

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait (CIF) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait (FOB) - 2022
3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait
4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait (CIF) - 2022

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $915 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, average import prices reached the peak figure at $1,271 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,585 per ton), while the price for Egypt ($672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait (FOB) - 2022

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,187 per ton in 2022, with an increase of 38% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 101%. The export price peaked at $1,420 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($13,556 per ton), while the average price for exports to Iraq ($553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+52.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait

In 2022, after three years of growth, there was significant decline in purchases abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713, when their volume decreased by -6.6% to 2K tons. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 fell to $1.8M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14%.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Kuwait in 2022:

1. United Arab Emirates (806.1 tons)
2. Saudi Arabia (461.2 tons)
3. India (286.1 tons)
4. United Kingdom (147.5 tons)
5. Egypt (133.7 tons)
6. United States (37.3 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Kuwait

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 exported from Kuwait skyrocketed to 4.9 tons, jumping by 62% against the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,183% against the previous year. As a result, the exports attained the peak of 6.3 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $5.8K in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,247% against the previous year. As a result, the exports reached the peak of $8.9K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Kuwait in 2022:

1. Iraq (3.5 tons)
2. United Arab Emirates (0.9 tons)
3. Qatar (0.3 tons)

Source: IndexBox Market Intelligence Platform