Price for Protein; Concentrates and Textured Protein Substances in Kuwait - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Kuwait (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Kuwait (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Kuwait
- Exports of Protein; Concentrates and Textured Protein Substances in Kuwait
Price for Protein; Concentrates and Textured Protein Substances in Kuwait (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $6,121 per ton, dropping by -23.7% against the previous year. Over the period under review, import price indicated slight growth from 2013 to 2022: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for protein; concentrates and textured protein substanceses decreased by -50.4% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 54%. As a result, import price reached the peak level of $12,336 per ton. From 2018 to 2022, the average 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 Italy ($28,647 per ton), while the price for Canada ($5,702 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Kuwait (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $6,600 per ton, surging by 141% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 901%. As a result, the export price reached the peak level of $28,620 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2013 to 2022, the rate of growth in terms of prices for Iran amounted to +38.5% per year.
Imports of Protein; Concentrates and Textured Protein Substances in Kuwait
In 2022, approx. 654 tons of protein; concentrates and textured protein substanceses were imported into Kuwait; picking up by 83% on 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. 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 protein; concentrates and textured protein substanceses surged to $4M in 2022. In general, imports, however, continue to indicate a noticeable decline.
| Import of Protein; Concentrates and Textured Protein Substances in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,085 | 1,066 | 707 | 1,602 | 13.9% |
| Serbia | N/A | N/A | 79.6 | 642 | 706.5% |
| Canada | 9.1 | 5.1 | 0.7 | 275 | 211.5% |
| China | 142 | 133 | 128 | 256 | 21.7% |
| Poland | 27.5 | 32.2 | 73.8 | 243 | 106.7% |
| Argentina | 267 | 882 | 228 | 141 | -19.2% |
| United Kingdom | 719 | 1,272 | 579 | 136 | -42.6% |
| United Arab Emirates | 97.0 | 54.0 | 30.0 | 124 | 8.5% |
| Netherlands | 3.6 | 299 | 1.5 | 120 | 221.8% |
| India | 20.5 | 97.9 | 106 | 57.5 | 41.0% |
| Germany | 90.6 | 31.4 | 219 | 33.8 | -28.0% |
| Belgium | 9.8 | 535 | 43.4 | 10.7 | 3.0% |
| Bahrain | 1,600 | 1.4 | N/A | N/A | -99.9% |
| Others | 519 | 576 | 675 | 365 | -11.1% |
| Total | 4,592 | 4,986 | 2,870 | 4,005 | -4.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Kuwait in 2022:
- United States (280.9 tons)
- Serbia (112.5 tons)
- Canada (48.2 tons)
- China (44.8 tons)
- Argentina (24.7 tons)
- United Kingdom (23.8 tons)
- United Arab Emirates (21.8 tons)
- Netherlands (21.1 tons)
- Poland (20.6 tons)
- India (10.1 tons)
- Germany (5.9 tons)
- Belgium (0.9 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Kuwait
In 2022, shipments abroad of protein; concentrates and textured protein substanceses decreased by -87.7% to 812 kg, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of protein; concentrates and textured protein substanceses shrank notably to $5.4K in 2022. Overall, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. As a result, the exports attained the peak of $48K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Protein; Concentrates and Textured Protein Substances in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | N/A | 5.4 | 0% |
| United Arab Emirates | 3.0 | N/A | 2.6 | N/A | -6.9% |
| Oman | N/A | N/A | 1.1 | N/A | 0% |
| Saudi Arabia | 23.7 | 48.0 | 14.4 | N/A | -22.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 26.8 | 48.0 | 18.1 | 5.4 | -41.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Kuwait in 2022:
- Qatar (812.0 kg)
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