Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait - 2022

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (CIF) - 2022
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (FOB) - 2022
3. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait
4. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (CIF) - 2022

In 2022, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $4,548 per ton, which is down by -10.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 12%. The import price peaked at $5,513 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($11,613 per ton), while the price for Thailand ($4,370 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait (FOB) - 2022

In 2022, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $1,491 per ton, picking up by 10% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 42%. Over the period under review, the average export prices reached the peak figure at $1,709 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($4,034 per ton), while the average price for exports to Iraq ($838 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+6.7%), while the prices for the other major destinations experienced a decline.

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait

Imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa into Kuwait surged to 10K tons in 2022, increasing by 40% against the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $47M in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Kuwait in 2022:

1. Turkey (1275.4 tons)
2. China (970.3 tons)
3. Belgium (863.9 tons)
4. United States (595.5 tons)
5. Czech Republic (594.5 tons)
6. Thailand (564.6 tons)
7. Spain (526.5 tons)
8. Indonesia (497.3 tons)
9. Poland (405.9 tons)
10. Saudi Arabia (390.8 tons)
11. United Arab Emirates (332.1 tons)
12. Jordan (302.8 tons)
13. United Kingdom (285.6 tons)

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Kuwait

In 2022, overseas shipments of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa decreased by -6.8% to 7.5K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports attained the peak of 8K tons, and then shrank in the following year.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $11M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Kuwait in 2022:

1. Jordan (1962.6 tons)
2. Iraq (1825.6 tons)
3. United Arab Emirates (1024.3 tons)
4. Saudi Arabia (924.9 tons)
5. Yemen (635.7 tons)
6. Sudan (499.9 tons)
7. Oman (259.9 tons)

Source: IndexBox Market Intelligence Platform