Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait - 2022
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (CIF) - 2022
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (FOB) - 2022
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (CIF) - 2022
In 2022, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $4,548 per ton, which is down by -10.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 12%. The import price peaked at $5,513 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($11,613 per ton), while the price for Thailand ($4,370 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (FOB) - 2022
In 2022, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $1,491 per ton, picking up by 10% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 42%. Over the period under review, the average export prices reached the peak figure at $1,709 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($4,034 per ton), while the average price for exports to Iraq ($838 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 Oman (+6.7%), while the prices for the other major destinations experienced a decline.
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait
Imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa into Kuwait surged to 10K tons in 2022, increasing by 40% against the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 +77.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $47M in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern 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.
Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 3.5 | 2.7 | 3.5 | 5.6 | 17.0% |
China | 3.2 | 2.1 | 2.6 | 4.2 | 9.5% |
Belgium | 1.4 | 1.9 | 2.8 | 3.8 | 39.5% |
United Kingdom | 2.1 | 3.7 | 1.8 | 3.3 | 16.3% |
United States | 2.6 | 2.5 | 2.6 | 2.6 | 0.0% |
Czech Republic | 1.3 | 1.1 | 1.3 | 2.6 | 26.0% |
Thailand | 1.2 | 1.2 | 1.2 | 2.5 | 27.7% |
Spain | 1.6 | 1.4 | 1.5 | 2.3 | 12.9% |
Indonesia | 1.3 | 1.0 | 1.0 | 2.2 | 19.2% |
Poland | 0.5 | 0.3 | 0.3 | 1.8 | 53.3% |
Saudi Arabia | 0.7 | 1.2 | 1.1 | 1.7 | 34.4% |
United Arab Emirates | 7.0 | 5.6 | 7.8 | 1.5 | -40.2% |
Jordan | 0.4 | 0.4 | 0.9 | 1.3 | 48.1% |
Others | 8.4 | 6.6 | 9.1 | 11.6 | 11.4% |
Total | 35.2 | 31.9 | 37.5 | 46.9 | 10.0% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Kuwait in 2022:
- Turkey (1275.4 tons)
- China (970.3 tons)
- Belgium (863.9 tons)
- United States (595.5 tons)
- Czech Republic (594.5 tons)
- Thailand (564.6 tons)
- Spain (526.5 tons)
- Indonesia (497.3 tons)
- Poland (405.9 tons)
- Saudi Arabia (390.8 tons)
- United Arab Emirates (332.1 tons)
- Jordan (302.8 tons)
- United Kingdom (285.6 tons)
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait
In 2022, overseas shipments of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa decreased by -6.8% to 7.5K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports attained the peak of 8K tons, and then shrank in the following year.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $11M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. 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 Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jordan | 3.0 | 2.6 | 2.7 | 3.5 | 5.3% |
Saudi Arabia | 0.8 | 3.1 | 0.8 | 1.5 | 23.3% |
United Arab Emirates | 0.9 | 0.4 | 1.7 | 1.5 | 18.6% |
Iraq | 1.2 | 1.8 | 1.8 | 1.5 | 7.7% |
Oman | 0.4 | 0.1 | 1.0 | 1.0 | 35.7% |
Yemen | 1.2 | 1.2 | 1.5 | 0.6 | -20.6% |
Sudan | 0.5 | 0.5 | 0.6 | 0.4 | -7.2% |
Others | 1.5 | 1.4 | 0.6 | 1.0 | -12.6% |
Total | 9.4 | 11.1 | 10.8 | 11.1 | 5.7% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Kuwait in 2022:
- Jordan (1962.6 tons)
- Iraq (1825.6 tons)
- United Arab Emirates (1024.3 tons)
- Saudi Arabia (924.9 tons)
- Yemen (635.7 tons)
- Sudan (499.9 tons)
- Oman (259.9 tons)
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