What is the price of cocoa powder (solids) per kilogram/pound in Kuwait today?
The retail price range for Kuwait cocoa powder (solids) is between US$ 8.10 and US$ 10.16 per kilogram or between US$ 3.67 and US$ 4.61 per pound(lb). Click here to see today's exact prices of cocoa powder (solids) in Kuwait
The retail price range in Kuwaiti Dinar for cocoa powder (solids) is between KWD 2.50 and KWD 3.13 per kilogram or between KWD 1.13 and KWD 1.42 per pound(lb) in Kuwait City and Al Jahra.
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In 2024, the approximate wholesale price range for Kuwait cocoa powder (solids) is between US$ 5.67 and US$ 7.11 per kilogram or between US$ 2.57 and US$ 3.23 per pound(lb).
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Kuwait Cocoa Powder (solids) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Powder (Solids) from Kuwait over the last five years has seen a significant decrease. In 2012, the price was 16.29 US dollars per kg, but by 2021, it had dropped to 0.42 US dollars per kg. The lowest price was in 2016, when it was 0.88 US dollars per kg. Since then, the price has been gradually increasing, reaching 2.4 US dollars per kg in 2019. The current price is 1.14 US dollars per kg. Based on this trend, it is predicted that the price of Cocoa Powder (Solids) from Kuwait in 2023 will be 0.90 US dollars per kg and in 2024 it will be 1.32 US dollars per kg.The cocoa powder (solids) exports from Kuwait are classified as:
- Cocoa powder, not containing added sugar or other sweetening matter (HS code 180500)
- Cocoa powder, sweetened (HS code 180610)
Kuwait Cocoa Powder (solids) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Powder (Solids) into Kuwait over the last five years has seen a significant decrease. In 2012, the price was 16.29 US dollars per kg, but by 2016, it had dropped to 0.88 US dollars per kg. In 2017, the price rose slightly to 1.17 US dollars per kg, before dropping again to 0.68 US dollars per kg in 2018. In 2019, the price increased to 2.4 US dollars per kg, before dropping to 1.14 US dollars per kg in 2020. The most recent data shows that the price has dropped to 0.42 US dollars per kg in 2021. Based on this trend, it is likely that the price of Cocoa Powder (Solids) into Kuwait will remain relatively low in the next two years, with an estimated price of 0.30 US dollars per kg in 2023 and 0.20 US dollars per kg in 2024.Export values for Kuwait cocoa powder (solids)
The total values in export for cocoa powder (solids) in Kuwait were US$ 130, US$ 486, US$ 181 and US$ 235 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 cocoa powder (solids) in other countries across Middle East: Bahrain cocoa powder (solids), Cyprus cocoa powder (solids), Iraq cocoa powder (solids), Israel cocoa powder (solids), Jordan cocoa powder (solids), Kuwait cocoa powder (solids), Lebanon cocoa powder (solids), Palestine cocoa powder (solids), Oman cocoa powder (solids) & Qatar cocoa powder (solids).
Kuwait cocoa powder (solids) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait sold 98 tonnes of cocoa powder (solids). For 2019 alone, the market for Kuwait cocoa powder (solids) (processed category) has reduced, changing by -63.296 % compared to the year 2018. Between 2017 and 2019, cocoa powder (solids)'s exports reduced by -76.5 pc netting Kuwait US$0.24m for the year 2019. Kuwait's cocoa powder (solids) exports are classified as:
- Cocoa powder, not containing added sugar or other sweetening matter (HS code 180500)
- Cocoa powder, sweetened (HS code 180610)
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Kuwait cocoa powder (solids) export values
In 2019, Kuwait sold cocoa powder (solids) valued at 0.24m USD, an increase of 32.60% from 2018's total cocoa powder (solids) export of 0.181m USD. The yearly change in value of Kuwait cocoa powder (solids) between 2017 to 2018 was -62.757 per cent.
The annual/yearly variation in the quantity of Kuwait's cocoa powder (solids) exports between 2017 and 2019 was -76.5 per cent when compared to a variation of -63.296% in the growth rate between 2018 and 2019.
Export markets for Kuwait cocoa powder (solids) ( in '000$ )
Kuwait's best performing export markets for cocoa powder (solids) are Saudi Arabia, Qatar and Iran.
Kuwait procured 7,239 tonnes of cocoa powder (solids) in 2019.