Kuwait: Maltodextrine Market 2024

Maltodextrine Market Size in Kuwait

After six years of growth, the Kuwaiti maltodextrine market decreased by less than 0.1% to $X in 2021. Over the period under review, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Maltodextrine Exports

Exports from Kuwait

In 2021, after three years of growth, there was significant decline in overseas shipments of maltodextrine and maltodextine syrup, when their volume decreased by -88.5% to X tons. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 1,432%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, maltodextrine exports shrank notably to $X in 2021. Over the period under review, exports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2019 when exports increased by 1,527% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for maltodextrine exports from Kuwait, with a 75% share of total exports. Moreover, maltodextrine exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X kg), sixfold. The third position in this ranking was taken by Oman (X kg), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-7.0% per year) and Oman (-13.4% per year).

In value terms, Iraq ($X) remains the key foreign market for maltodextrine and maltodextine syrup exports from Kuwait, comprising 52% of total exports. The second position in the ranking was taken by Oman ($X), with a 12% share of total exports. It was followed by Bahrain, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Iraq stood at +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-3.6% per year) and Bahrain (+0.9% per year).

Export Prices by Country

In 2021, the average maltodextrine export price amounted to $X per ton, increasing by 47% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 83%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+75.4%), while the prices for the other major destinations experienced more modest paces of growth.

Maltodextrine Imports

Imports into Kuwait

In 2021, overseas purchases of maltodextrine and maltodextine syrup decreased by -8.9% to X tons for the first time since 2014, thus ending a six-year rising trend. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 102%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, maltodextrine imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 66% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Malta (X tons), Saudi Arabia (X tons) and the United States (X tons) were the main suppliers of maltodextrine imports to Kuwait, together comprising 51% of total imports. These countries were followed by the United Arab Emirates, Indonesia, India, the UK, Sri Lanka, Australia, Egypt, Colombia and Germany, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +60.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest maltodextrine suppliers to Kuwait were Saudi Arabia ($X), Indonesia ($X) and Malta ($X), with a combined 48% share of total imports.

Indonesia, with a CAGR of +64.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average maltodextrine import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, maltodextrine import price increased by +63.7% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 23% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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 Indonesia ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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