Kuwait: Cereal Germ Market 2024

Cereal Germ Market Size in Kuwait

The Kuwaiti cereal germ market contracted modestly to $X in 2021, waning by -1.7% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cereal Germ Production in Kuwait

In value terms, cereal germ production contracted modestly to $X in 2021 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 50%. Cereal germ production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Cereal Germ Exports

Exports from Kuwait

In 2019, approx. X kg of cereal germ were exported from Kuwait; remaining constant against the previous year. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, cereal germ exports totaled $X in 2019. Over the period under review, exports recorded moderate growth. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

Qatar (X kg) was the main destination for cereal germ exports from Kuwait, accounting for a 70% share of total exports. Moreover, cereal germ exports to Qatar exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2013 to 2019, the average annual growth rate of volume to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Djibouti (0.0% per year).

In value terms, Qatar ($X) emerged as the key foreign market for cereal germ exports from Kuwait, comprising 86% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports.

From 2013 to 2019, the average annual growth rate of value to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Djibouti (0.0% per year).

Export Prices by Country

The average cereal germ export price stood at $X per ton in 2019, picking up by 2.3% against the previous year. Overall, the export price, however, showed a deep setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Djibouti ($X per ton) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Germ Imports

Imports into Kuwait

In 2021, supplies from abroad of cereal germ decreased by -45.1% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 385%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cereal germ imports reduced notably to $X in 2021. Overall, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 326% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Turkey (X tons) and Lebanon (X tons) were the main suppliers of cereal germ imports to Kuwait, together comprising 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +49.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Lebanon ($X) and India ($X) constituted the largest cereal germ suppliers to Kuwait, together accounting for 86% of total imports.

Among the main suppliers, Lebanon, with a CAGR of +47.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, waning by -1.9% against the previous year. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in 2017 an increase of 20%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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