Report Update Nov 1, 2024

Kuwait - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Kuwait

The Kuwaiti sunflower oilcake market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Sunflower Oilcake Production in Kuwait

In value terms, sunflower oilcake production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -36.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Sunflower Oilcake Exports

Exports from Kuwait

In 2020, approx. X tons of sunflower oilcake were exported from Kuwait; waning by -47.5% on the previous year. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 132%. As a result, the exports reached the peak of X tons. From 2017 to 2020, the growth of the exports failed to regain momentum.

In value terms, sunflower oilcake exports declined significantly to $X in 2020. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 126%. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for sunflower oilcake exports from Kuwait, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to Egypt amounted to +15.1%.

In value terms, Egypt ($X) emerged as the key foreign market for sunflower oilcake exports from Kuwait.

From 2013 to 2020, the average annual rate of growth in terms of value to Egypt stood at -11.1%.

Export Prices by Country

In 2020, the average sunflower oilcake export price amounted to $X per ton, with a decrease of -23% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 68%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2020, 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 Egypt.

From 2013 to 2020, the rate of growth in terms of prices for Turkey amounted to +28.0% per year.

Sunflower Oilcake Imports

Imports into Kuwait

In 2018, overseas purchases of sunflower oilcake decreased by 0% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 126% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2018, the growth of imports failed to regain momentum.

In value terms, sunflower oilcake imports stood at $X in 2018. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 198%. As a result, imports attained the peak of $X. From 2017 to 2018, the growth of imports failed to regain momentum.

Imports by Country

In 2018, Belgium (X tons) was the main sunflower oilcake supplier to Kuwait, with a 97% share of total imports. It was followed by China (X kg), with a 2.6% share of total imports.

From 2013 to 2018, the average annual growth rate of volume from Belgium was relatively modest.

In value terms, Belgium ($X) constituted the largest supplier of sunflower oilcake to Kuwait, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports.

From 2013 to 2018, the average annual rate of growth in terms of value from Belgium was relatively modest.

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2018, approximately reflecting the previous year. In general, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Belgium stood at $X per ton.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India (+53.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

China constituted the country with the largest volume of sunflower oilcake consumption, accounting for 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake production was China, accounting for 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. Ukraine ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of sunflower oilcake to Kuwait?

In value terms, Belgium constituted the largest supplier of sunflower oilcake to Kuwait, comprising 75% of total imports. The second position in the ranking was occupied by China, with a 25% share of total imports.

What is the average export price for sunflower oilcake in Kuwait?

In 2020, the average sunflower oilcake export price amounted to $65 per ton, falling by -85.9% against the previous year.

What is the average import price for sunflower oilcake in Kuwait?

In 2018, the average sunflower oilcake import price amounted to $316 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the sunflower oilcake 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 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

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