Price for Cereals; Maize (Corn), Seed in Kuwait - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Kuwait (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Kuwait (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Kuwait
- Exports of Cereals; Maize (Corn), Seed in Kuwait
Price for Cereals; Maize (Corn), Seed in Kuwait (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $676 per ton, picking up by 13% against the previous year. Overall, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2013 when the average import price increased by 60%. The import price peaked at $1,963 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($4,033 per ton), while the price for India ($461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Kuwait (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $1,053 per ton in 2022, dropping by -12.2% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 98%. The export price peaked at $1,200 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +249.5% per year.
Imports of Cereals; Maize (Corn), Seed in Kuwait
After three years of growth, purchases abroad of cereals; maize (corn), seeds decreased by -3.3% to 209 tons in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 249%.
In value terms, cereals; maize (corn), seed imports rose significantly to $141K in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 191%. As a result, imports attained the peak of $153K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Maize (Corn), Seed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.9 | 37.7 | 29.5 | 46.2 | 73.1% |
| United States | 9.4 | 31.9 | 45.7 | 43.6 | 66.8% |
| Argentina | 3.4 | 15.0 | 17.9 | 17.1 | 71.3% |
| Turkey | 4.2 | 14.8 | 8.3 | 9.4 | 30.8% |
| Thailand | 2.7 | 5.3 | 5.5 | 5.2 | 24.4% |
| Egypt | 4.9 | 4.1 | 4.4 | 4.2 | -5.0% |
| India | 0.3 | 1.9 | 1.4 | 1.9 | 85.0% |
| Others | 18.6 | 42.3 | 17.0 | 13.7 | -9.7% |
| Total | 52.5 | 153 | 130 | 141 | 39.0% |
Top Suppliers of Cereals; Maize (Corn), Seed to Kuwait in 2022:
- United Arab Emirates (73.8 tons)
- United States (60.9 tons)
- Argentina (35.6 tons)
- Turkey (15.1 tons)
- Thailand (10.6 tons)
- Egypt (6.7 tons)
- India (4.0 tons)
Exports of Cereals; Maize (Corn), Seed in Kuwait
In 2022, exports of cereals; maize (corn), seeds from Kuwait fell slightly to 9.3 tons, remaining relatively unchanged against 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1.9% against the previous year.
In value terms, cereals; maize (corn), seed exports reduced to $9.8K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports attained the peak of $11K, and then contracted in the following year.
| Export of Cereals; Maize (Corn), Seed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 5.1 | 8.4 | 11.3 | 9.8 | 24.3% |
| United Arab Emirates | 1.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.2 | 8.4 | 11.3 | 9.8 | 16.5% |
Top Export Markets for Cereals; Maize (Corn), Seed from Kuwait in 2022:
- Qatar (9.3 tons)
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