What is the price of malt extract per kilogram/pound in Kuwait today?
The retail price range for Kuwait malt extract is between US$ 8.38 and US$ 10.59 per kilogram or between US$ 3.80 and US$ 4.80 per pound(lb). Click here to see today's exact prices of malt extract in Kuwait
The retail price range in Kuwaiti Dinar for malt extract is between KWD 2.58 and KWD 3.27 per kilogram or between KWD 1.17 and KWD 1.48 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait malt extract is between US$ 5.86 and US$ 7.42 per kilogram or between US$ 2.66 and US$ 3.36 per pound(lb).
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Kuwait Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from Kuwait over the last five years has seen a steady decline. In 2013, the price was 2.67 US dollars per kg, dropping to 0.88 US dollars per kg in 2014. This trend continued in 2015, with the price falling to 0.38 US dollars per kg. In 2016, the price rose slightly to 0.96 US dollars per kg, before increasing to 1.50 US dollars per kg in 2017. The price then rose again in 2018 to 1.94 US dollars per kg, before dropping to 1.54 US dollars per kg in 2019. The price then remained steady in 2020 and 2021, at 1.52 and 0.84 US dollars per kg respectively. Based on this data, it is likely that the export price per kilogram of Malt Extract from Kuwait will remain steady in the next two years, with a predicted price of 0.84 US dollars per kg in 2023 and 2024.The Kuwait malt extract exports are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
Kuwait Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into Kuwait over the last five years has been quite volatile. In 2017, the price was $1.50, which was the highest in the five year period. This was followed by a decrease in 2018 to $1.94, and then a further decrease in 2019 to $1.54. In 2020, the price remained relatively stable at $1.52, before dropping to $0.84 in 2021. Based on this trend, it is likely that the price of Malt Extract in Kuwait will remain around the $0.84 mark in 2022, and then increase slightly to $1.00 in 2023 and $1.20 in 2024.Export values for Kuwait malt extract
The total values in export for malt extract in Kuwait were US$ 82, US$ 209, US$ 372 and US$ 1,396 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 malt extract in other countries across Middle East: Bahrain malt extract, Cyprus malt extract, Iraq malt extract, Israel malt extract, Jordan malt extract, Kuwait malt extract, Lebanon malt extract, Palestine malt extract, Oman malt extract & Qatar malt extract.
Kuwait malt extract - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait shipped 907 tonnes of malt extract. In 2019 alone, the interest in Kuwait malt extract (processed category) has surged, flactuating by 372.396 percent compared to the year 2018. Between 2017 and 2019, malt extract's exports increased by 552.52% bringing Kuwait US$1.40m for the year 2019. Kuwait's malt extract exports are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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Kuwait malt extract export values
In 2019, Kuwait shipped malt extract with a value of 1.40m USD, a growth of 276.34% from 2018's total malt extract export of 0.372m USD. The annual change in value of Kuwait malt extract between 2017 to 2018 was 77.99 pc.
The annual/yearly variation in the amount of Kuwait's malt extract exports between 2017 and 2019 was 552.52 pc in comparison to a variation of 372.396% in the period between 2018 and 2019.
Export markets for Kuwait malt extract ( in '000$ )
Kuwait's leading export markets for malt extract are Jordan, France, United Arab Emirates (UAE), Saudi Arabia and Qatar.
Kuwait brought in 3,236 tonnes of malt extract in 2019.