Kuwait: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Kuwait

The Kuwaiti market for malt extract and food preparations of flour, meal, and starches surged to $X in 2022, growing by 442% against 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). In general, consumption, however, showed a deep contraction. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Kuwait

After two years of decline, shipments abroad of malt extract and food preparations of flour, meal, and starches increased by 238% to X tons in 2022. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 373% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Over the period under review, exports showed a moderate increase. The most prominent rate of growth was recorded in 2019 with an increase of 275%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, falling by -27.4% against the previous year. In general, the export price showed a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 32%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to +1.5% per year.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Kuwait

In 2022, the amount of malt extract and food preparations of flour, meal, and starches imported into Kuwait skyrocketed to X tons, with an increase of 366% compared with the year before. In general, imports, however, recorded a abrupt shrinkage. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Kuwait, with a 21% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.5% per year) and India (-10.4% per year).

In value terms, Denmark ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Kuwait, comprising 19% of total imports. The second position in the ranking was held by Italy ($X), with a 5.3% share of total imports. It was followed by Singapore, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.7% per year) and Singapore (-27.6% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 3.9% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of 26%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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