Kuwait: Roasted Malt Market 2024

Roasted Malt Market Size in Kuwait

The Kuwaiti roasted malt market declined modestly to $X in 2022, shrinking by -2.5% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.7% against 2020 indices. Roasted malt consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Roasted Malt Production in Kuwait

In value terms, roasted malt production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 53% against the previous year. Roasted malt production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Kuwait

In 2022, approx. X tons of roasted malt were exported from Kuwait; growing by 32% on the year before. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 554%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted malt exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 525%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for roasted malt exports from Kuwait, with a 78% share of total exports. Moreover, roasted malt exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+13.6% per year) and Saudi Arabia (-19.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for roasted malt exports from Kuwait, comprising 88% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-20.9% per year) and Oman (+9.0% per year).

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, dropping by -7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 19%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Roasted Malt Imports

Imports into Kuwait

In 2022, after two years of growth, there was decline in purchases abroad of roasted malt, when their volume decreased by -3.9% to X tons. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by 865%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, roasted malt imports fell to $X in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 235% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest roasted malt supplier to Kuwait, with a 78% share of total imports. Moreover, roasted malt imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.4% per year) and Germany (-6.7% per year).

In value terms, India ($X) constituted the largest supplier of roasted malt to Kuwait, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.3% per year) and Germany (-2.5% per year).

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, which is down by -4.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 103% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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