Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait - 2022
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait (CIF) - 2022
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait (CIF) - 2022
In 2022, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $7,161 per ton, reducing by -8% against the previous year. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. As a result, import price reached the peak level of $10,670 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($7,161 per ton) and Cote d'Ivoire ($7,161 per ton), while the price for Nigeria ($7,161 per ton) and the United Arab Emirates ($7,161 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $7,085 per ton, picking up by 17% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, the average export prices hit record highs at $15,063 per ton in 2019; however, from 2020 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 Qatar ($7,086 per ton), while the average price for exports to the United Arab Emirates ($7,085 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+28.5%), while the prices for the other major destinations experienced a decline.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait
In 2022, imports of nuts, edible; cashew nuts, shelled, fresh or drieds into Kuwait soared to 3.1K tons, increasing by 44% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds surged to $22M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.4 | 9.7 | 9.1 | 13.3 | -0.2% |
| Vietnam | 1.8 | 1.5 | 3.0 | 3.8 | 28.3% |
| Cote d'Ivoire | N/A | 0.3 | 2.0 | 3.0 | 216.2% |
| Brazil | 0.6 | 1.4 | 1.2 | 1.2 | 26.0% |
| Nigeria | N/A | N/A | N/A | 0.6 | 0% |
| United Arab Emirates | 2.9 | 2.3 | 1.4 | 0.2 | -59.0% |
| Others | 1.0 | 0.8 | 0.2 | 0.3 | -33.1% |
| Total | 19.6 | 15.9 | 16.8 | 22.3 | 4.4% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Kuwait in 2022:
- India (1862.0 tons)
- Vietnam (525.0 tons)
- Cote d'Ivoire (422.2 tons)
- Brazil (168.0 tons)
- Nigeria (77.5 tons)
- United Arab Emirates (23.1 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait
In 2022, approx. 42 tons of nuts, edible; cashew nuts, shelled, fresh or drieds were exported from Kuwait; growing by 70% compared with 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 14,111% against the previous year. As a result, the exports attained the peak of 54 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds soared to $297K in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 8,845% against the previous year. As a result, the exports reached the peak of $509K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 143 | 0% |
| India | N/A | 263 | N/A | 127 | -30.5% |
| Qatar | 2.0 | 76.2 | 36.1 | 27.6 | 139.9% |
| Netherlands | N/A | N/A | 114 | N/A | 0% |
| Brazil | N/A | 166 | N/A | N/A | 0% |
| Others | 3.7 | 3.6 | N/A | N/A | -2.7% |
| Total | 5.7 | 509 | 150 | 297 | 273.5% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Kuwait in 2022:
- United Arab Emirates (20.2 tons)
- India (17.9 tons)
- Qatar (3.9 tons)
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