Kuwait: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Kuwait

The Kuwaiti market for starch other than wheat, corn or potato fell sharply to $X in 2021, with a decrease of -X% against the previous year. Overall, consumption, however, continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Starch other than Wheat, Corn or Potato in Kuwait

In value terms, production of starch other than wheat, corn or potato totaled $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Kuwait

In 2021, shipments abroad of starch other than wheat, corn or potato decreased by -X% to X kg, falling for the third year in a row after two years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato fell remarkably to $X in 2021. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X kg) was the main destination for exports of starch other than wheat, corn or potato from Kuwait, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Oman exceeded the volume sent to the second major destination, Iran (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to -X%.

In value terms, Iran ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran amounted to -X%.

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Oman amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-X%).

Imports of Starch other than Wheat, Corn or Potato

Imports into Kuwait

In 2021, purchases abroad of starch other than wheat, corn or potato increased by X% to X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, showed a dramatic curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of starch other than wheat, corn or potato declined to $X in 2021. In general, imports, however, continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Vietnam (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of starch other than wheat, corn or potato to Kuwait, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, the largest starch other than wheat, corn or potato suppliers to Kuwait were Thailand ($X), the United Arab Emirates ($X) and Vietnam ($X), together accounting for X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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