Kuwait: Market for Glycosides And Vegetable Alkaloids 2025

Market Size for Glycosides And Vegetable Alkaloids in Kuwait

The Kuwaiti glycosides and vegetable alkaloids market declined modestly to $X in 2021, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a slight setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Glycosides And Vegetable Alkaloids

Exports from Kuwait

In 2021, shipments abroad of glycosides and vegetable alkaloids increased by 172% to X kg, rising for the fifth year in a row after four years of decline. In general, exports, however, showed a pronounced decline. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bahrain (X kg) was the main destination for glycosides and vegetable alkaloids exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain totaled -3.5%.

In value terms, Bahrain ($X) also remains the key foreign market for glycosides and vegetable alkaloids exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain totaled +15.9%.

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, reducing by -1.7% against the previous year. Overall, the export price, however, continues to indicate significant growth. The growth pace was the most rapid in 2014 an increase of 91% against the previous year. The export price peaked at $X per ton in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Bahrain amounted to +20.2% per year.

Imports of Glycosides And Vegetable Alkaloids

Imports into Kuwait

In 2021, the amount of glycosides and vegetable alkaloids imported into Kuwait shrank to X tons, reducing by -9.9% compared with the previous year's figure. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 498%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids imports rose markedly to $X in 2021. Over the period under review, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 547%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden (X tons), Saudi Arabia (X tons) and India (X tons) were the main suppliers of glycosides and vegetable alkaloids imports to Kuwait, with a combined 59% share of total imports. These countries were followed by China, Ireland, Italy, the United Arab Emirates and the United States, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +35.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glycosides and vegetable alkaloids suppliers to Kuwait were India ($X), China ($X) and Italy ($X), together comprising 43% of total imports.

In terms of the main suppliers, China, with a CAGR of +31.3%, 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 glycosides and vegetable alkaloids import price stood at $X per ton in 2021, surging by 20% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glycosides and vegetable alkaloids import price decreased by -14.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 82%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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