Price for Flour, Meal, and Flakes of Potatoes in Kuwait - 2022

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Kuwait (CIF) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Kuwait (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Kuwait
4. Exports of Flour, Meal, and Flakes of Potatoes in Kuwait

Price for Flour, Meal, and Flakes of Potatoes in Kuwait (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $1,599 per ton in 2022, waning by -34% against the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 63%. Over the period under review, average import prices hit record highs at $3,596 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lebanon ($1,578 per ton) and Spain ($1,578 per ton), while the price for Germany ($1,452 per ton) and the United States ($1,506 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced a decline.

Price for Flour, Meal, and Flakes of Potatoes in Kuwait (FOB) - 2022

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $1,501 per ton, shrinking by -11.2% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 258% against the previous year. Over the period under review, the average export prices hit record highs at $3,664 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,522 per ton), while the average price for exports to Saudi Arabia totaled $1,496 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour, Meal, and Flakes of Potatoes in Kuwait

Imports of flour, meal, and flakes of potatoeses into Kuwait surged to 1.3K tons in 2022, with an increase of 67% compared with 2021 figures. Over the period under review, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour, meal, and flakes of potatoeses expanded sharply to $2.1M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Kuwait in 2022:

1. Spain (467.0 tons)
2. Italy (248.1 tons)
3. United Kingdom (183.2 tons)
4. India (139.6 tons)
5. Belgium (130.6 tons)
6. United States (39.8 tons)
7. Germany (38.0 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Kuwait

Exports of flour, meal, and flakes of potatoeses from Kuwait skyrocketed to 20 tons in 2022, growing by 1,250% on the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour, meal, and flakes of potatoeses soared to $30K in 2022. In general, exports enjoyed a significant expansion.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Kuwait in 2022:

1. Saudi Arabia (16.4 tons)
2. Qatar (3.9 tons)

Source: IndexBox Market Intelligence Platform