Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,656 per ton in 2022, surging by 72% against the previous year. Over the period under review, the import price enjoyed a measured increase. The growth pace was the most rapid in 2016 an increase of 83%. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Paraguay ($3,140 per ton), while the price for Thailand ($1,543 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+53.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $789 per ton in 2022, falling by -61.9% against the previous year. In general, the export price, however, enjoyed measured growth. The pace of growth appeared the most rapid in 2019 an increase of 358% against the previous year. The export price peaked at $3,654 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($791 per ton), while the average price for exports to Saudi Arabia totaled $789 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+14.6%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter) decreased by -52.4% to 253 tons, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 172%. As a result, imports reached the peak of 995 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) shrank markedly to $420K in 2022. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, imports attained the peak of $816K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 168 | 536 | 316 | 297 | 20.9% |
| Paraguay | N/A | 20.5 | 4.4 | 37.4 | 35.1% |
| Thailand | N/A | 14.4 | 12.1 | 25.7 | 33.6% |
| United Kingdom | 25.5 | 54.8 | 18.2 | 12.4 | -21.4% |
| Mauritius | 36.9 | 18.9 | 4.7 | 12.2 | -30.9% |
| Philippines | N/A | N/A | N/A | 9.6 | 0% |
| Australia | 6.2 | N/A | 7.1 | 8.8 | 12.4% |
| United Arab Emirates | 30.6 | 107 | 111 | N/A | 90.5% |
| Saudi Arabia | 159 | 11.1 | N/A | N/A | -93.0% |
| Others | 49.6 | 53.6 | 38.2 | 16.1 | -31.3% |
| Total | 476 | 816 | 511 | 420 | -4.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Kuwait in 2022:
- India (192.7 tons)
- Thailand (16.6 tons)
- Paraguay (11.9 tons)
- United Kingdom (8.0 tons)
- Mauritius (7.9 tons)
- Philippines (6.2 tons)
- Australia (5.7 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from Kuwait skyrocketed to 14 tons, picking up by 14,024% against the previous year. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) skyrocketed to $11K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 11.2 | 0% |
| Qatar | 1.7 | N/A | N/A | 0.2 | -51.0% |
| Bahrain | 1.1 | N/A | 0.2 | N/A | -57.4% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 3.2 | N/A | 0.2 | 11.4 | 52.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Kuwait in 2022:
- Saudi Arabia (14.2 tons)
- Qatar (0.2 tons)
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