Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,845 per ton in December 2022, almost unchanged from the previous month. In general, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 1.6% against the previous month. The import price peaked at $8,212 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from India ($4,196 per ton) and Saudi Arabia ($3,869 per ton), while the price for Turkey ($3,824 per ton) and Spain ($3,824 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,709 per ton, reducing by -35.5% against the previous year. In general, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 2,310% against the previous year. As a result, the export price reached the peak level of $40,448 per ton. From 2020 to 2022, the average export prices remained 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 Canada ($2,677 per ton), while the average price for exports to Qatar amounted to $2,676 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait
Imports of soups and broths and preparations therefor; homogenised composite food preparationses into Kuwait dropped to 3.2K tons in 2022, which is down by -6.8% on 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports attained the peak of 3.4K tons, and then reduced in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses reduced to $19M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $22M, and then reduced in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.9 | 13.3 | 18.2 | 17.1 | 9.9% |
| Egypt | 0.8 | 0.5 | 0.2 | 0.2 | -37.0% |
| United States | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Turkey | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Saudi Arabia | 0.4 | 0.5 | 1.5 | N/A | 93.6% |
| Others | 2.1 | 2.3 | 1.5 | 1.8 | -5.0% |
| Total | 16.5 | 17.0 | 21.7 | 19.4 | 5.5% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Kuwait in 2022:
- United Arab Emirates (2562.6 tons)
- United States (81.1 tons)
- Egypt (77.6 tons)
- Turkey (46.5 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait
After three years of growth, overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -3.7% to 30 tons in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 109%.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell dramatically to $80K in 2022. Over the period under review, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 312% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | 128 | 76.7 | -40.1% |
| Canada | N/A | N/A | 1.7 | 2.1 | 23.5% |
| Egypt | 537 | 31.3 | N/A | N/A | -94.2% |
| Others | 14.8 | 0.1 | 0.2 | 1.6 | -52.4% |
| Total | 552 | 31.4 | 129 | 80.5 | -47.4% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Kuwait in 2022:
- Qatar (28.7 tons)
- Canada (0.8 tons)
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