What is the price of chocolate per kilogram/pound in Kuwait today?
The retail price range for Kuwait chocolate is between US$ 12.94 and US$ 21.97 per kilogram or between US$ 5.87 and US$ 9.97 per pound(lb). Click here to see today's exact prices of chocolate in Kuwait
The retail price range in Kuwaiti Dinar for chocolate is between KWD 3.99 and KWD 6.77 per kilogram or between KWD 1.81 and KWD 3.07 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait chocolate is between US$ 9.06 and US$ 15.38 per kilogram or between US$ 4.11 and US$ 6.98 per pound(lb).
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Kuwait Chocolate Export Prices - Historical, Trends and Prediction
The export price per kilogram of Chocolate from Kuwait over the last five years has been quite varied. In 2017, the price was 4.18 US dollars per kg, followed by a decrease to 3.09 US dollars per kg in 2018. In 2019, the price rose to 3.25 US dollars per kg, and then increased significantly to 5.15 US dollars per kg in 2020. The most recent year, 2021, saw a sharp drop to 1.25 US dollars per kg. Based on this data, it is likely that the export price of Chocolate from Kuwait will remain relatively low in the next two years, with an estimated price of 2.50 US dollars per kg in 2023 and 2.75 US dollars per kg in 2024.The chocolate exports from Kuwait are classified as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
Kuwait Chocolate Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chocolate into Kuwait over the last five years has been quite varied. In 2017, the price was $4.18, followed by a decrease to $3.09 in 2018. In 2019, the price rose to $3.25, before increasing significantly to $5.15 in 2020. The most recent year, 2021, saw a sharp drop to $1.25. Overall, the trend appears to be one of fluctuation, with no clear indication of what the prices may be in the future. Based on this data, it is difficult to predict the prices for 2023 and 2024.Export values for Kuwait chocolate
The total values in export for chocolate in Kuwait were US$ 2,901, US$ 3,396, US$ 3,035 and US$ 3,338 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Kuwait: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of chocolate in other countries across Middle East: Bahrain chocolate, Cyprus chocolate, Iraq chocolate, Israel chocolate, Jordan chocolate, Kuwait chocolate, Lebanon chocolate, Palestine chocolate, Oman chocolate & Qatar chocolate.
Kuwait chocolate - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait shipped 1,027 tonnes of chocolate. For 2019 alone, the demand for Kuwait chocolate (processed category) has escalated, changing by 4.689 pc compared to the year 2018. Between 2017 and 2019, chocolate's exports went up by 26.32% netting the exporter US$3.34m for the year 2019. Kuwait's chocolate exports are classified as:
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
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Kuwait chocolate export values
In 2019, Kuwait shipped chocolate costing 3.34m USD, an increase of 10.05% from 2018's total chocolate export of 3.035m USD. The annual increase in value of Kuwait chocolate between 2017 to 2018 was -10.63 per cent.
The annual variation in the quantity of Kuwait's chocolate exports between 2017 and 2019 was 26.32 percent when compared to a variation of 4.689% in the growth rate between 2018 and 2019.
Export markets for Kuwait chocolate ( in '000$ )
Kuwait's leading export markets for chocolate are Iraq, Bahrain, Pakistan, Iran and India.
Kuwait bought 15,627 tonnes of chocolate in 2019.