Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait (FOB) - 2022
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $8,024 per ton, increasing by 7.7% against the previous year. In general, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 16%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2014 to 2022, the rate of growth in terms of prices for Bahrain amounted to +11.9% per year.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait (CIF) - 2022
The average import price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $366 per ton in 2022, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 280% against the previous year. As a result, import price reached the peak level of $870 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 France ($896 per ton), while the price for India ($193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+246.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait
For the third consecutive year, Kuwait recorded growth in overseas shipments of oil seeds; cotton seeds, other than seed, whether or not broken, which increased by 24% to 3.3 tons in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 172%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken soared to $26K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 216% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Bahrain | 6.2 | 19.6 | 26.2 | 105.6% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 6.2 | 19.6 | 26.2 | 105.6% | |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Kuwait in 2022:
- Bahrain (3.3 tons)
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait
For the fourth year in a row, Kuwait recorded growth in purchases abroad of oil seeds; cotton seeds, other than seed, whether or not broken, which increased by 12% to 57 tons in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 60%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken rose markedly to $21K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 1.9 | 2.7 | 10.9 | 139.5% |
| India | 10.1 | 7.9 | 10.4 | 8.3 | -6.3% |
| Iran | 3.7 | 3.9 | 3.3 | 0.2 | -62.2% |
| Others | 0.4 | 0.5 | 1.9 | 1.3 | 48.1% |
| Total | 14.2 | 14.2 | 18.3 | 20.7 | 13.4% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Kuwait in 2022:
- India (43.0 tons)
- France (12.1 tons)
- Iran (0.7 tons)
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