What is the price of molasses per kilogram/pound in Kuwait today?
The retail price range for Kuwait molasses is between US$ 0.84 and US$ 0.98 per kilogram or between US$ 0.38 and US$ 0.45 per pound(lb). Click here to see today's exact prices of molasses in Kuwait
The retail price range in Kuwaiti Dinar for molasses is between KWD 0.26 and KWD 0.30 per kilogram or between KWD 0.12 and KWD 0.14 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait molasses is between US$ 0.59 and US$ 0.69 per kilogram or between US$ 0.27 and US$ 0.31 per pound(lb).
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Kuwait Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Kuwait has seen a steady increase over the last five years. In 2014, the price was 1.44 US dollars per kg, and in 2020 it was 1.50 US dollars per kg. The highest price was seen in 2019, when it was 3.78 US dollars per kg. The price then dropped to 1.50 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of Molasses from Kuwait will be 1.56 US dollars per kg in 2023 and 1.63 US dollars per kg in 2024.The molasses exports from Kuwait are categorised as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
Kuwait Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Kuwait over the last five years has been quite varied. In 2014, the price was 1.44 US dollars per kg, followed by a slight increase to 1.78 US dollars per kg in 2016. In 2017, the price dropped to 1.47 US dollars per kg, before rising again to 1.65 US dollars per kg in 2018. However, the most significant change was seen in 2019, when the price jumped to 3.78 US dollars per kg. This was followed by a decrease to 1.5 US dollars per kg in 2020. Based on this data, it is likely that the import price per kilogram of Molasses into Kuwait will remain relatively stable in the next few years. We can predict that the price in 2023 will be around 1.65 US dollars per kg, and in 2024 it will be around 1.78 US dollars per kg.Export values for Kuwait molasses
The total values in export for molasses in Kuwait were US$ 16, US$ 25, US$ 33 and US$ 34 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 molasses in other countries across Middle East: Bahrain molasses, Cyprus molasses, Iraq molasses, Israel molasses, Jordan molasses, Kuwait molasses, Lebanon molasses, Palestine molasses, Oman molasses & Qatar molasses.
Kuwait molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait exported 9 tonnes of molasses. For the year 2019 alone, the interest in Kuwait molasses (processed category) has shrunk, flactuating by -55 % compared to the year 2018. Between 2017 and 2019, molasses' exports went down by -47.06 pc netting the country US$0.03m for the year 2019. Kuwait's molasses exports are categorised as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Kuwait molasses export values
In 2019, Kuwait sold molasses with a value of 0.03m USD, a decrease of -9.09% from 2018's total molasses export of 0.033m USD. The annual change in value of Kuwait molasses between 2017 to 2018 was 32 pc.
The per year change in the quantity of Kuwait's molasses exports between 2017 and 2019 was -47.06 pc in comparison to a variation of -55% in the period between 2018 and 2019.
Export markets for Kuwait molasses ( in '000$ )
Kuwait's best performing export markets for molasses are Saudi Arabia and Egypt.
Kuwait ordered 276 tonnes of molasses in 2019.