Report Update Jan 1, 2025

Kuwait - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Refined Groundnut Oil Market 2025

Refined Groundnut Oil Market Size in Kuwait

In 2021, after four years of decline, there was significant growth in the Kuwaiti refined groundnut oil market, when its value increased by 5.9% to $X. Overall, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Refined Groundnut Oil Production in Kuwait

In value terms, refined groundnut oil production rose modestly to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 32% against the previous year. Refined groundnut oil production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports from Kuwait

Refined groundnut oil exports from Kuwait fell notably to X kg in 2019, reducing by -85.6% against the year before. Overall, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 28%. The exports peaked at X tons in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

In value terms, refined groundnut oil exports dropped significantly to $X in 2019. In general, exports saw a deep downturn. The growth pace was the most rapid in 2014 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

Exports by Country

Bahrain (X kg) was the main destination for refined groundnut oil exports from Kuwait, accounting for a 92% share of total exports. Moreover, refined 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 stood at -86.7%.

In value terms, the largest markets for refined 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, among the main countries of destination over the period under review.

Export Prices by Country

The average refined groundnut oil export price stood at $X per ton in 2019, rising by 12% against the previous year. In general, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2019, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, 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 Saudi Arabia (-4.8%), while the prices for the other major destinations experienced a decline.

Refined Groundnut Oil Imports

Imports into Kuwait

In 2021, approx. X tons of refined groundnut oil were imported into Kuwait; with an increase of 34% against 2020 figures. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 362%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, refined groundnut oil imports surged to $X in 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 303% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of refined groundnut oil imports to Kuwait, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +55.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Belgium ($X) and the United States ($X) constituted the largest refined groundnut oil suppliers to Kuwait, together accounting for 85% of total imports.

India, with a CAGR of +42.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined groundnut oil import price stood at $X per ton in 2021, rising by 31% against the previous year. In general, the import price, however, showed a noticeable slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 30% share of global consumption. These countries were followed by Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico, which together accounted for a further 24%.

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

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 32% share of global production. Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of refined groundnut oil to Kuwait?

In value terms, India, Belgium and the United States appeared to be the largest refined groundnut oil suppliers to Kuwait, with a combined 96% share of total imports.

What are the leading importers of refined groundnut oil from Kuwait?

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

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

The average refined groundnut oil export price stood at $921 per ton in 2019, growing by 13% against the previous year.

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

In 2021, the average refined groundnut oil import price amounted to $2,093 per ton, picking up by 6.3% against the previous year.

This report provides an in-depth analysis of the refined 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:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

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 2012–2024
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