Report Update Nov 1, 2024

Kuwait - Glucose and Glucose Syrup - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Glucose Market 2024

Glucose Market Size in Kuwait

The Kuwaiti glucose market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Glucose Production in Kuwait

In value terms, glucose production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2018 with an increase of 5.6%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Glucose Exports

Exports from Kuwait

In 2021, shipments abroad of glucose and glucose syrup decreased by 0% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 4,133%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, glucose exports stood at $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 8,408%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glucose exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2013 to 2019, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for glucose and glucose syrup exports from Kuwait.

From 2013 to 2019, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2019, the average glucose export price amounted to $X per ton, picking up by 101% against the previous year. In general, the export price, however, showed a dramatic setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Glucose Imports

Imports into Kuwait

After four years of decline, overseas purchases of glucose and glucose syrup increased by 23% to X tons in 2021. Overall, imports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2015 when imports increased by 43%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, glucose imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 36% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Saudi Arabia (X tons) and India (X tons) were the main suppliers of glucose imports to Kuwait, together accounting for 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +25.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest glucose suppliers to Kuwait were Turkey ($X), Saudi Arabia ($X) and India ($X), with a combined 86% share of total imports.

Saudi Arabia, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glucose import price stood at $X per ton in 2021, waning by -5.7% against the previous year. In general, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 4.7% against the previous year. 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 the United Arab Emirates ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glucose and glucose syrup in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 41% share of global consumption. Pakistan, Russia, Indonesia, Brazil, France, Mexico, Belgium, Germany, the UK and Canada lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of glucose and glucose syrup in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global production.

What are the leading suppliers of glucose and glucose syrup to Kuwait?

In value terms, Saudi Arabia constituted the largest supplier of glucose to Kuwait, comprising 68% of total imports. The second position in the ranking was occupied by India, with a 17% share of total imports. It was followed by France, with a 2.5% share.

What is the average export price for glucose and glucose syrup in Kuwait?

In 2019, the average glucose export price amounted to $1,906 per ton, waning by -18.4% against the previous year.

What is the average import price for glucose and glucose syrup in Kuwait?

In 2021, the average glucose import price amounted to $452 per ton, dropping by -2.3% against the previous year.

This report provides an in-depth analysis of the glucose 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:

Prodcom 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023