What is the price of maize (corn) oil per kilogram/pound in Kuwait today?
The retail price range for Kuwait maize (corn) oil is between US$ 2.75 and US$ 3.38 per kilogram or between US$ 1.25 and US$ 1.53 per pound(lb). Click here to see today's exact prices of maize (corn) oil in Kuwait
The retail price range in Kuwaiti Dinar for maize (corn) oil is between KWD 0.85 and KWD 1.04 per kilogram or between KWD 0.38 and KWD 0.47 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait maize (corn) oil is between US$ 1.93 and US$ 2.37 per kilogram or between US$ 0.87 and US$ 1.07 per pound(lb).
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Kuwait Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from Kuwait over the last five years has been quite varied. In 2017, the price was 2.52 US dollars per kg, followed by a slight decrease to 2.49 US dollars per kg in 2018. In 2019, the price dropped significantly to 1.57 US dollars per kg, before rising to 3.16 US dollars per kg in 2020. The price then dropped again to 1.98 US dollars per kg in 2021. Based on this data, it is likely that the export price per kilogram of Maize (Corn) Oil from Kuwait will remain relatively stable in the next two years, with an estimated price of around 2.00 US dollars per kg in 2023 and 2024.The Kuwait maize (corn) oil exports are categorised as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
Kuwait Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into Kuwait over the last five years has been quite varied. In 2017, the price was 2.52 US dollars per kg, followed by a slight decrease to 2.49 US dollars per kg in 2018. In 2019, the price dropped significantly to 1.57 US dollars per kg, before rising again to 3.16 US dollars per kg in 2020. The most recent year, 2021, saw the price drop to 1.98 US dollars per kg. Based on this data, it is likely that the import price per kilogram of Maize (Corn) Oil into Kuwait will remain relatively stable in the next two years. We can predict that the price in 2023 will be around 2.00 US dollars per kg, and in 2024 it will be around 2.50 US dollars per kg.Export values for Kuwait maize (corn) oil
The total values in export for maize (corn) oil in Kuwait were US$ 2,428, US$ 2,816, US$ 1,991 and US$ 1,707 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 maize (corn) oil in other countries across Middle East: Bahrain maize (corn) oil, Cyprus maize (corn) oil, Iraq maize (corn) oil, Israel maize (corn) oil, Jordan maize (corn) oil, Kuwait maize (corn) oil, Lebanon maize (corn) oil, Palestine maize (corn) oil, Oman maize (corn) oil & Qatar maize (corn) oil.
Kuwait maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait shipped 1,084 tonnes of maize (corn) oil. Through 2019 alone, the demand for Kuwait maize (corn) oil (processed category) has surged, changing by 35.84 per cent compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports decreased by -2.95 percent earning the country US$1.71m for the year 2019. Kuwait's maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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Kuwait maize (corn) oil export values
In 2019, Kuwait exported maize (corn) oil worth 1.71m USD, a decrease of -14.11% from 2018's total maize (corn) oil export of 1.991m USD. The yearly reduction in value of Kuwait maize (corn) oil between 2017 to 2018 was -29.297 per cent.
The annual variation in the amount of Kuwait's maize (corn) oil exports between 2017 and 2019 was -2.95% in comparison to a variation of 35.84% in the period between 2018 and 2019.
Export markets for Kuwait maize (corn) oil ( in '000$ )
Kuwait's top export markets for maize (corn) oil are United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman and Jordan.
Kuwait bought 37,390 tonnes of maize (corn) oil in 2019.