Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $772 per ton in 2022, jumping by 28% against the previous year. Overall, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $1,354 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mauritius ($1,798 per ton), while the price for India totaled $744 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+3.6%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $3,974 per ton, which is down by -10.9% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 423% against the previous year. The export price peaked at $8,022 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -7.6% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait
Imports of raw cane sugar (without flavoring or coloring matter, other) into Kuwait soared to 7.7K tons in 2022, rising by 80% compared with 2021. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 151%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) soared to $6M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | 0.5 | 1.7 | 5.5 | 82.8% |
| Mauritius | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Others | 0.4 | 0.4 | 0.5 | 0.1 | -37.0% |
| Total | 1.6 | 1.2 | 2.6 | 6.0 | 55.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Kuwait in 2022:
- India (7.4K tons)
- Mauritius (0.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait
After two years of growth, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) decreased by -42.8% to 3 tons in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 858%. As a result, the exports reached the peak of 5.3 tons, and then dropped sharply in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell markedly to $12K in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 4,913% against the previous year. As a result, the exports attained the peak of $24K, and then declined markedly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | 0.4 | 23.7 | 12.1 | 450.0% | |
| Oman | 0.1 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.5 | 23.7 | 12.1 | 391.9% | |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Kuwait in 2022:
- United Arab Emirates (3.0 tons)
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