Price for Flours and Meals; of Soya Beans in Kuwait - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Kuwait (CIF) - 2022
2. Imports of Flours and Meals; of Soya Beans in Kuwait

Price for Flours and Meals; of Soya Beans in Kuwait (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $3,181 per ton, increasing by 170% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 468%. As a result, import price reached the peak level of $3,725 per ton. From 2019 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 Japan ($10,813 per ton), while the price for South Korea ($1,057 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Flours and Meals; of Soya Beans in Kuwait

In 2022, supplies from abroad of flours and meals; of soya beanses was finally on the rise to reach 52 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a sharp decline.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $167K in 2022. In general, imports, however, showed a pronounced shrinkage.

Top Suppliers of Flours and Meals; of Soya Beans to Kuwait in 2022:

1. India (39.2 tons)
2. Japan (11.4 tons)
3. South Korea (1.0 tons)
4. Indonesia (0.6 tons)

Source: IndexBox Market Intelligence Platform