Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait - 2022

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait (FOB) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait (CIF) - 2022
3. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait
4. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $3,408 per ton in 2022, declining by -6.4% against the previous year. In general, the export price, however, continues to indicate a notable expansion. The growth pace was the most rapid in 2019 an increase of 55% against the previous year. The export price peaked at $3,642 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($12,676 per ton), while the average price for exports to the United Arab Emirates ($1,869 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 Qatar (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait (CIF) - 2022

In 2022, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $917 per ton, which is down by -35.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 30%. As a result, import price reached the peak level of $1,439 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,164 per ton), while the price for Qatar ($562 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait

In 2022, approx. 316 tons of cereal grains; rolled or flaked, of cereals excluding barley and oatses were exported from Kuwait; increasing by 541% compared with the year before. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 749% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $1.1M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,104% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Kuwait in 2022:

1. Jordan (112.2 tons)
2. United Arab Emirates (96.0 tons)
3. Saudi Arabia (91.4 tons)
4. Oman (13.3 tons)
5. Iran (2.2 tons)
6. Qatar (0.3 tons)

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kuwait

In 2022, the amount of cereal grains; rolled or flaked, of cereals excluding barley and oatses imported into Kuwait skyrocketed to 311 tons, with an increase of 36% on the previous year. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.1% 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 -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 90% against the previous year. As a result, imports attained the peak of 316 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses shrank to $285K in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 146% against the previous year. As a result, imports attained the peak of $454K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Kuwait in 2022:

1. Pakistan (102.1 tons)
2. United Arab Emirates (38.0 tons)
3. Turkey (31.1 tons)
4. Qatar (31.1 tons)
5. United States (21.0 tons)
6. India (19.6 tons)
7. Egypt (15.9 tons)

Source: IndexBox Market Intelligence Platform