Kuwait - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPyrethrum and Peppermint Price in Kuwait - 2021
Contents:
- Pyrethrum and Peppermint Price in Kuwait (CIF) - 2022
- Pyrethrum and Peppermint Price in Kuwait (FOB) - 2022
- Pyrethrum and Peppermint Imports in Kuwait
- Pyrethrum and Peppermint Exports in Kuwait
Pyrethrum and Peppermint Price in Kuwait (CIF) - 2022
In 2022, the average pyrethrum and peppermint import price amounted to $5,048 per ton, falling by -8.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $6,082 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Indonesia ($41,226 per ton), while the price for Iran ($219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pyrethrum and Peppermint Price in Kuwait (FOB) - 2022
In 2022, the average pyrethrum and peppermint export price amounted to $10,448 per ton, surging by 3.4% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 93%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($60,768 per ton), while the average price for exports to Iraq ($3,238 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 India (+140.1%), while the prices for the other major destinations experienced more modest paces of growth.
Pyrethrum and Peppermint Imports in Kuwait
In 2022, the amount of pyrethrum and peppermint imported into Kuwait rose slightly to 3.4K tons, growing by 2.7% compared with the year before. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, pyrethrum and peppermint imports fell to $17M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year.
Import of Pyrethrum and Peppermint in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 3.8 | 3.1 | 3.8 | 3.4 | -3.6% |
Indonesia | 4.1 | 3.5 | 3.9 | 3.4 | -6.0% |
Vietnam | 0.3 | 3.4 | 3.2 | 2.8 | 110.5% |
Thailand | 1.1 | 1.7 | 3.1 | 2.7 | 34.9% |
India | 1.1 | 1.7 | 1.6 | 1.4 | 8.4% |
Egypt | 0.5 | 0.2 | 0.2 | 0.7 | 11.9% |
Saudi Arabia | 0.2 | 0.2 | 0.7 | 0.6 | 44.2% |
Syrian Arab Republic | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
Germany | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Brazil | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Kenya | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Morocco | N/A | N/A | N/A | N/A | 0% |
Iran | N/A | N/A | N/A | N/A | 0% |
Others | 1.5 | 1.5 | 1.3 | 1.8 | 6.3% |
Total | 13.3 | 16.2 | 18.4 | 17.3 | 9.2% |
Top Suppliers of Pyrethrum and Peppermint to Kuwait in 2022:
- Egypt (679.9 tons)
- India (666.4 tons)
- Syrian Arab Republic (459.2 tons)
- United Arab Emirates (371.8 tons)
- Brazil (121.5 tons)
- Vietnam (85.6 tons)
- Germany (85.5 tons)
- Iran (84.9 tons)
- Indonesia (82.4 tons)
- Saudi Arabia (74.4 tons)
- Thailand (74.3 tons)
- Kenya (66.4 tons)
- Morocco (60.1 tons)
Pyrethrum and Peppermint Exports in Kuwait
For the third consecutive year, Kuwait recorded decline in shipments abroad of pyrethrum and peppermint, which decreased by -1.2% to 18 tons in 2022. Over the period under review, exports showed a precipitous curtailment.
In value terms, pyrethrum and peppermint exports rose modestly to $185K in 2022. Overall, exports saw a abrupt decrease.
Export of Pyrethrum and Peppermint in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 106 | 48.7 | 60.0 | 64.1 | -15.4% |
Saudi Arabia | 53.5 | 70.6 | 41.7 | 41.4 | -8.2% |
Iraq | 38.7 | 41.8 | 36.1 | 35.1 | -3.2% |
Iran | 14.7 | 15.7 | 17.9 | 17.7 | 6.4% |
Oman | 4.8 | 3.5 | 9.8 | 9.7 | 26.4% |
United Arab Emirates | 12.0 | 2.1 | 6.3 | 6.5 | -18.5% |
Bahrain | 9.8 | 0.5 | 3.8 | 5.4 | -18.0% |
Jordan | 1.8 | 1.8 | 1.3 | 1.5 | -5.9% |
Others | 6.0 | 4.0 | 3.8 | 3.3 | -18.1% |
Total | 247 | 189 | 181 | 185 | -9.2% |
Top Export Markets for Pyrethrum and Peppermint from Kuwait in 2022:
- Iraq (10.9 tons)
- Iran (2.0 tons)
- Qatar (2.0 tons)
- Saudi Arabia (0.7 tons)
- United Arab Emirates (0.7 tons)
- Oman (0.5 tons)
- Jordan (0.4 tons)
- Bahrain (0.3 tons)
This report provides an in-depth analysis of the pyrethrum and peppermint 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:
- FCL 754 - Pyrethrum, dried flowers
- FCL 748 - Peppermint, Spearmint
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
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