Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait - 2022

Contents:

  1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait (CIF) - 2022
  2. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait (FOB) - 2022
  3. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait
  4. Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait (CIF) - 2022

In 2022, the average import price for sunflower seed amounted to $1,425 per ton, growing by 4.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 7.1%. As a result, import price reached the peak level of $1,518 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($1,425 per ton) and Bulgaria ($1,425 per ton), while the price for China ($1,425 per ton) and Egypt ($1,425 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait (FOB) - 2022

The average export price for sunflower seed stood at $1,814 per ton in 2022, declining by -76.1% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 249% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,589 per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($7,940 per ton), while the average price for exports to Egypt amounted to $1,180 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+35.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait

For the fourth consecutive year, Kuwait recorded growth in overseas purchases of sunflower seed, which increased by 200% to 9.5K tons in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sunflower seed soared to $14M in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.73.23.211.059.7%
Egypt0.20.10.11.176.5%
Argentina0.10.10.20.571.0%
Bulgaria0.10.10.20.571.0%
United Arab Emirates0.20.10.20.20.0%
Others0.20.10.50.1-20.6%
Total3.43.74.313.558.4%

Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Kuwait in 2022:

  1. China (7.7K tons)
  2. Egypt (0.7K tons)
  3. Argentina (0.4K tons)
  4. Bulgaria (0.4K tons)
  5. United Arab Emirates (0.1K tons)

Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait

Exports of sunflower seed from Kuwait soared to 539 tons in 2022, rising by 942% compared with the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of sunflower seed soared to $977K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 431% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
EgyptN/A0.1N/A5767489.5%
Qatar23758.239240119.2%
China17.6N/AN/AN/A0%
Oman40.315.5N/AN/A-61.5%
Others1.80.1N/AN/A-94.4%
Total29773.939297748.7%

Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Kuwait in 2022:

  1. Egypt (488.2 tons)
  2. Qatar (50.5 tons)

Source: IndexBox Market Intelligence Platform

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