What is the price of margarine per kilogram/pound in Kuwait today?
The retail price range for Kuwait margarine is between US$ 9.28 and US$ 11.04 per kilogram or between US$ 4.21 and US$ 5.01 per pound(lb). Click here to see today's exact prices of margarine in Kuwait
The retail price range in Kuwaiti Dinar for margarine is between KWD 2.86 and KWD 3.40 per kilogram or between KWD 1.30 and KWD 1.54 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait margarine is between US$ 6.50 and US$ 7.73 per kilogram or between US$ 2.95 and US$ 3.51 per pound(lb).
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Kuwait Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Kuwait over the last five years has seen a significant fluctuation. In 2012, the price was 1.29 US $ per kg, which dropped to 1.21 US $ per kg in 2013. In 2014, the price rose to 1.81 US $ per kg, before skyrocketing to 12.2 US $ per kg in 2016. The price then dropped to 0.75 US $ per kg in 2017, before rising again to 1.56 US $ per kg in 2018. In 2019, the price increased to 3.0 US $ per kg, before dropping to 1.43 US $ per kg in 2020. Based on this data, it is predicted that the export price per kilogram of Margarine from Kuwait in 2023 will be 2.17 US $ per kg and in 2024 will be 2.90 US $ per kg.The Kuwait margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
Kuwait Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Kuwait over the last five years has seen a significant fluctuation. In 2012, the price was 1.29 US dollars per kg, which dropped to 1.21 US dollars per kg in 2013. However, in 2014, the price rose to 1.81 US dollars per kg. In 2016, the price skyrocketed to 12.2 US dollars per kg, before dropping to 0.75 US dollars per kg in 2017. The price then rose to 1.56 US dollars per kg in 2018 and 3.0 US dollars per kg in 2019. The most recent data shows that the price has dropped to 1.43 US dollars per kg in 2020. Based on the data, it is predicted that the import price per kilogram of Margarine into Kuwait in 2023 will be 2.17 US dollars per kg and in 2024 it will be 2.90 US dollars per kg.Export values for Kuwait margarine
The total values in export for margarine in Kuwait were US$ 122, US$ 3, US$ 78 and US$ 27 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 margarine in other countries across Middle East: Bahrain margarine, Cyprus margarine, Iraq margarine, Israel margarine, Jordan margarine, Kuwait margarine, Lebanon margarine, Palestine margarine, Oman margarine & Qatar margarine.
Kuwait margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait shipped 9 tonnes of margarine. In 2019 alone, the interest in Kuwait margarine (processed category) has shrunk, with a change of -82 pc compared to the year 2018. Between 2017 and 2019, margarine's exports went up by 125% bringing the nation US$0.03m for the year 2019. Kuwait's margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
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Kuwait margarine export values
In 2019, Kuwait shipped margarine costing 0.03m USD, a decrease of -61.54% from 2018's total margarine export of 0.078m USD. The yearly change in value of Kuwait margarine between 2017 to 2018 was 2500 percent.
The yearly variation in the amount of Kuwait's margarine exports between 2017 and 2019 was 125% compared to a variation of -82% in the period between 2018 and 2019.
Export markets for Kuwait margarine ( in '000$ )
Kuwait's leading export markets for margarine are Italy, United Arab Emirates (UAE), Syria, Saudi Arabia and Iraq.
Kuwait procured 2,977 tonnes of margarine in 2019.