Report Update Nov 1, 2024

Kuwait - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Kuwait

After two years of growth, the Kuwaiti rapeseed oil market decreased by -25.1% to $X in 2022. Overall, consumption, however, saw a modest expansion. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Rapeseed Oil Exports

Exports from Kuwait

In 2022, approx. X tons of rapeseed oil were exported from Kuwait; dropping by -74.8% against 2021. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 609% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, rapeseed oil exports declined significantly to $X in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 558% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for rapeseed oil exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iran stood at -21.1%.

In value terms, Iran ($X) emerged as the key foreign market for rapeseed oil exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to -18.1%.

Export Prices by Country

In 2022, the average rapeseed oil export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +3.9% per year.

Rapeseed Oil Imports

Imports into Kuwait

After two years of growth, supplies from abroad of rapeseed oil decreased by -23.2% to X tons in 2022. Over the period under review, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, rapeseed oil imports contracted sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 109% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest rapeseed oil supplier to Kuwait, with a 30% share of total imports. Moreover, rapeseed oil imports from Canada exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.0% per year) and Malaysia (+32.2% per year).

In value terms, Canada ($X) constituted the largest supplier of rapeseed oil to Kuwait, comprising 27% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.6% per year) and the United Arab Emirates (+15.1% per year).

Import Prices by Country

In 2022, the average rapeseed oil import price amounted to $X per ton, reducing by -3.7% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2013 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 India ($X per ton), while the price for Belgium ($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 Arab Emirates (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of rapeseed oil consumption in 2021 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by Germany, Poland, France, Canada, Japan, Belgium, the UK, Mexico, the Netherlands and Norway, which together accounted for a further 42%.

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

The countries with the highest volumes of rapeseed oil production in 2021 were Canada, Germany and China, with a combined 43% share of global production. These countries were followed by India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic, which together accounted for a further 42%.

What are the leading suppliers of rapeseed oil to Kuwait?

In value terms, Canada, India and the United Arab Emirates appeared to be the largest rapeseed oil suppliers to Kuwait, together comprising 73% of total imports.

What are the leading importers of rapeseed oil from Kuwait?

In value terms, Iran remains the key foreign market for rapeseed oil exports from Kuwait.

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

In 2021, the average rapeseed oil export price amounted to $1,235 per ton, reducing by -2% against the previous year.

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

In 2021, the average rapeseed oil import price amounted to $1,631 per ton, picking up by 2.8% against the previous year.

This report provides an in-depth analysis of the rapeseed 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 271 - Oil of Rapeseed or Canola oil

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