Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kuwait - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kuwait (CIF) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kuwait
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kuwait (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,474 per ton in 2022, rising by 52% against the previous year. Over the period under review, the import price recorded a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 93%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($32,192 per ton), while the price for Ireland ($2,226 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kuwait
In 2022, approx. 33 tons of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were imported into Kuwait; with an increase of 1,084% on the previous year. Overall, imports recorded resilient growth.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $114K in 2022. In general, imports recorded a significant expansion.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 0.5 | N/A | 63.6 | 496.3% |
| Hungary | 1.5 | 6.7 | 0.2 | 43.9 | 208.2% |
| Ireland | N/A | 0.1 | N/A | 6.3 | 693.7% |
| Malaysia | 46.2 | 135 | 6.0 | N/A | -64.0% |
| Others | 2.2 | 4.4 | 0.2 | N/A | -69.8% |
| Total | 50.2 | 147 | 6.3 | 114 | 31.4% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Kuwait in 2022:
- United States (28.6 tons)
- Ireland (2.8 tons)
- Hungary (1.4 tons)
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