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Kuwait - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoybean Oilcake Price in Kuwait - 2021
Contents:
- Soybean Oilcake Price in Kuwait (CIF) - 2021
- Soybean Oilcake Price in Kuwait (FOB) - 2022
- Soybean Oilcake Imports in Kuwait
- Soybean Oilcake Exports in Kuwait
Soybean Oilcake Price in Kuwait (CIF) - 2021
The average soybean oilcake import price stood at $567 per ton in December 2021, falling by -6.8% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in March 2021 an increase of 18% m-o-m. Over the period under review, average import prices reached the peak figure at $654 per ton in October 2021; however, from November 2021 to December 2021, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Bolivia ($574 per ton), while the price for the United States ($535 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Soybean Oilcake Price in Kuwait (FOB) - 2022
In 2022, the average soybean oilcake export price amounted to $745 per ton, shrinking by -5% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soybean oilcake export price increased by +45.1% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 17%. Over the period under review, the average export prices attained the peak figure at $784 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +12.8% per year.
Soybean Oilcake Imports in Kuwait
Soybean oilcake imports into Kuwait surged to 88K tons in 2022, picking up by 28% compared with the year before. In general, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of 108K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, soybean oilcake imports rose markedly to $43M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. As a result, imports attained the peak of $48M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Soybean Oilcake in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 23.8 | 30.2 | 22.9 | 24.4 | 0.8% |
United States | 4.7 | 10.3 | 5.9 | 8.7 | 22.8% |
India | 5.6 | 3.3 | 6.8 | 6.7 | 6.2% |
Pakistan | 0.2 | 1.4 | 1.4 | 1.4 | 91.3% |
Bolivia | 0.5 | 0.9 | 0.9 | 0.9 | 21.6% |
Others | 1.1 | 1.3 | 0.8 | 1.1 | 0.0% |
Total | 35.9 | 47.5 | 38.7 | 43.1 | 6.3% |
Top Suppliers of Soybean Oilcake to Kuwait in 2022:
- United Arab Emirates (52.9K tons)
- United States (15.7K tons)
- India (13.0K tons)
- Pakistan (2.9K tons)
- Bolivia (1.5K tons)
Soybean Oilcake Exports in Kuwait
In 2022, after three years of growth, there was decline in shipments abroad of soybean oilcake, when their volume decreased by -0.3% to 503 tons. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 0.5%. As a result, the exports attained the peak of 504 tons, leveling off in the following year.
In value terms, soybean oilcake exports fell to $375K 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 consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports attained the peak of $395K, and then shrank in the following year.
Export of Soybean Oilcake in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bahrain | 317 | 354 | 395 | 375 | 5.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 317 | 354 | 395 | 375 | 5.8% |
Top Export Markets for Soybean Oilcake from Kuwait in 2022:
- Bahrain (502.8 tons)
This report provides an in-depth analysis of the soybean oilcake market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the soybean oilcake market in Kuwait.
This report provides an in-depth analysis of the global soybean oilcake market.
This report provides an in-depth analysis of the soybean oilcake market in Kuwait.
This report provides an in-depth analysis of the global soybean oilcake market.
Driven by increasing global demand, the soybean oilcake market is projected to continue growing at a steady pace over the next seven years. By 2030, market volume is expected to reach 275 million tons, with a market value of $170.2 billion.
Explore the top import markets for soybean oilcake, including Indonesia, Vietnam, and the Philippines. Gain insights into key statistics and market trends using IndexBox market intelligence platform.
Driven by increasing global demand, the soybean oilcake market is projected to continue growing at a steady pace over the next seven years. By 2030, market volume is expected to reach 275 million tons, with a market value of $170.2 billion.
Explore the top import markets for soybean oilcake, including Indonesia, Vietnam, and the Philippines. Gain insights into key statistics and market trends using IndexBox market intelligence platform.