Report Update May 1, 2025

Kuwait - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Groundnut Oil Market 2025

Groundnut Oil Market Size in Kuwait

The Kuwaiti groundnut oil market expanded markedly to $X in 2021, increasing by 5% against the previous year. Over the period under review, consumption enjoyed a noticeable increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Groundnut Oil Production in Kuwait

In value terms, groundnut oil production soared to $X in 2021 estimated in export price. In general, production, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 221%. Groundnut oil production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Groundnut Oil Exports

Exports from Kuwait

In 2019, the amount of groundnut oil exported from Kuwait fell notably to X kg, dropping by -85.6% against the previous year's figure. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

In value terms, groundnut oil exports declined notably to $X in 2019. Over the period under review, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by 52%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Bahrain (X kg) was the main destination for groundnut oil exports from Kuwait, with a 92% share of total exports. Moreover, groundnut oil exports to Bahrain exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold.

From 2012 to 2019, the average annual growth rate of volume to Bahrain amounted to -86.7%.

In value terms, the largest markets for groundnut oil exported from Kuwait were Bahrain ($X) and Oman ($X).

Oman, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2019, the average groundnut oil export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price, however, saw a slight slump. The growth pace was the most rapid in 2017 an increase of 180%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Bahrain stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-19.4%).

Groundnut Oil Imports

Imports into Kuwait

In 2021, imports of groundnut oil into Kuwait dropped markedly to X tons, with a decrease of -20.7% compared with the previous year. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 298% against the previous year. Imports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, groundnut oil imports soared to $X in 2021. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 229% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest groundnut oil supplier to Kuwait, accounting for a 51% share of total imports. Moreover, groundnut oil imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+53.6% per year) and the United States (+18.3% per year).

In value terms, India ($X) constituted the largest supplier of groundnut oil to Kuwait, comprising 47% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports. It was followed by the United States, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +46.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+41.2% per year) and the United States (+12.9% per year).

Import Prices by Country

In 2021, the average groundnut oil import price amounted to $X per ton, increasing by 54% against the previous year. In general, the import price, however, recorded a noticeable slump. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 States ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for groundnut oil in the world?

The country with the largest volume of groundnut oil consumption was China, comprising approx. 47% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. The third position in this ranking was occupied by Sudan, with a 4.5% share.

What are the largest producers of groundnut oil in the world?

China constituted the country with the largest volume of groundnut oil production, accounting for 41% of total volume. Moreover, groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. India ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of groundnut oil to Kuwait?

In value terms, the largest groundnut oil suppliers to Kuwait were Canada, India and Belgium, together comprising 58% of total imports. These countries were followed by the United States, Malaysia, Turkey and Spain, which together accounted for a further 37%.

What are the leading importers of groundnut oil from Kuwait?

In value terms, the largest markets for groundnut oil exported from Kuwait were Bahrain and Oman.

What is the average export price for groundnut oil in Kuwait?

In 2019, the average groundnut oil export price amounted to $921 per ton, rising by 13% against the previous year.

What is the average import price for groundnut oil in Kuwait?

In 2020, the average groundnut oil import price amounted to $1,754 per ton, growing by 2.4% against the previous year.

This report provides an in-depth analysis of the groundnut oil 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:

FCL 244 - Oil of Groundnuts

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:

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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024