Kuwait: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Kuwait

The Kuwaiti wheat and meslin flour market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 7.4% against the previous year. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Kuwait

In value terms, wheat and meslin flour production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 6.5%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from Kuwait

In 2022, after two years of decline, there was growth in shipments abroad of wheat and meslin flour, when their volume increased by 2.7% to X tons. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports expanded slightly to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for wheat and meslin flour exports from Kuwait, with a 81% share of total exports. Moreover, wheat and meslin flour exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+42.6% per year) and the United Arab Emirates (+23.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for wheat and meslin flour exports from Kuwait, comprising 80% of total exports. The second position in the ranking was held by Iraq ($X), with a 7% share of total exports. It was followed by the United Arab Emirates, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+41.1% per year) and the United Arab Emirates (+18.2% per year).

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, remaining constant against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3.2%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Wheat and Meslin Flour

Imports into Kuwait

After two years of growth, overseas purchases of wheat and meslin flour decreased by -6.2% to X tons in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 65% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, wheat and meslin flour imports shrank to $X in 2022. Overall, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 79%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

France (X tons), Italy (X tons) and India (X tons) were the main suppliers of wheat and meslin flour imports to Kuwait, together comprising 48% of total imports. Oman, Australia, Germany, Egypt and Cyprus lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +68.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour suppliers to Kuwait were France ($X), Italy ($X) and Australia ($X), with a combined 46% share of total imports. Oman, India, Germany, Egypt and Cyprus lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Germany, with a CAGR of +52.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, falling by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2016 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

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 Cyprus ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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