Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,467 per ton, shrinking by -12.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 25%. As a result, import price attained the peak level of $1,677 per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,645 per ton), while the price for Oman ($556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $663 per ton in 2022, flattening at the previous year. Overall, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the maximum at $2,261 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,828 per ton), while the average price for exports to the UK ($620 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 the United Arab Emirates (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait

After two years of decline, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats increased by 33% to 3.3K tons in 2022. Overall, imports, however, continue to indicate a drastic downturn.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $4.9M in 2022. In general, imports, however, recorded a drastic downturn.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Kuwait in 2022:

1. United States (835.3 tons)
2. Malaysia (814.5 tons)
3. Ukraine (663.1 tons)
4. Spain (379.5 tons)
5. Oman (136.8 tons)
6. Belgium (102.9 tons)
7. Netherlands (97.3 tons)
8. Indonesia (62.8 tons)
9. Egypt (20.6 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kuwait

After three years of growth, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -12% to 349 tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 46%.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats dropped to $231K in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 55%.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Kuwait in 2022:

1. United Kingdom (329.9 tons)
2. Saudi Arabia (12.3 tons)
3. Qatar (5.4 tons)
4. United Arab Emirates (0.8 tons)

Source: IndexBox Market Intelligence Platform