Starches; Inulin Price in Kuwait - 2021
Contents:
- Starches; Inulin Price in Kuwait (CIF) - 2021
- Starches; Inulin Price in Kuwait (FOB) - 2022
- Starches; Inulin Imports in Kuwait
- Starches; Inulin Exports in Kuwait
Starches; Inulin Price in Kuwait (CIF) - 2021
The average starches; inulin import price stood at $658 per ton in December 2021, with a decrease of -24.1% against the previous month. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in March 2021 when the average import price increased by 76% month-to-month. Over the period under review, average import prices attained the maximum at $2,151 per ton in January 2021; however, from February 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($4,820 per ton), while the price for Denmark ($621 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 Thailand (+24.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Starches; Inulin Price in Kuwait (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $642 per ton, growing by 19% against the previous year. In general, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 39%. Over the period under review, the average export prices reached the peak figure at $2,482 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($1,439 per ton), while the average price for exports to the United Arab Emirates ($122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-9.9%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Imports in Kuwait
Starches; inulin imports into Kuwait reduced modestly to 5.9K tons in 2022, flattening at 2021. Over the period under review, imports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 7.2% against the previous year.
In value terms, starches; inulin imports reduced modestly to $3.8M in 2022. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 1.7% against the previous year.
| Import of Starches; Inulin in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2,188 | 1,489 | 1,874 | 1,458 | -12.7% |
| India | 487 | 705 | 160 | 1,030 | 28.4% |
| Germany | 898 | 540 | 725 | 448 | -20.7% |
| Thailand | 547 | 292 | 408 | 266 | -21.4% |
| Turkey | 250 | 134 | 91.2 | 188 | -9.1% |
| Vietnam | 242 | 163 | 169 | 102 | -25.0% |
| Spain | 66.1 | 74.3 | 48.4 | 66.2 | 0.1% |
| Others | 359 | 363 | 348 | 233 | -13.4% |
| Total | 5,037 | 3,761 | 3,824 | 3,792 | -9.0% |
Top Suppliers of Starches; Inulin to Kuwait in 2022:
- Saudi Arabia (2446.0 tons)
- India (1722.4 tons)
- Thailand (491.1 tons)
- Vietnam (406.3 tons)
- Turkey (326.3 tons)
- Germany (194.0 tons)
- Spain (122.0 tons)
Starches; Inulin Exports in Kuwait
In 2022, shipments abroad of starches; inulins decreased by -13.3% to 28 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 32 tons, and then contracted in the following year.
In value terms, starches; inulin exports rose slightly to $18K in 2022. Over the period under review, exports recorded a slight downturn.
| Export of Starches; Inulin in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 15.4 | 15.7 | 13.3 | 14.8 | -1.3% |
| United Arab Emirates | 0.5 | 0.7 | 1.1 | 1.2 | 33.9% |
| Bahrain | 1.1 | 0.8 | 0.5 | 0.8 | -10.1% |
| Saudi Arabia | 0.8 | 0.5 | 0.2 | 0.5 | -14.5% |
| Qatar | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
| India | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Total | 18.7 | 18.2 | 17.2 | 17.7 | -1.8% |
Top Export Markets for Starches; Inulin from Kuwait in 2022:
- Iran (10.3 tons)
- United Arab Emirates (10.0 tons)
- Saudi Arabia (3.6 tons)
- Bahrain (2.6 tons)
- Qatar (0.9 tons)
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