What is the price of palm oil per kilogram/pound in Kuwait today?
The retail price range for Kuwait palm oil is between US$ 3.38 and US$ 4.77 per kilogram or between US$ 1.53 and US$ 2.16 per pound(lb). Click here to see today's exact prices of palm oil in Kuwait
The retail price range in Kuwaiti Dinar for palm oil is between KWD 1.04 and KWD 1.47 per kilogram or between KWD 0.47 and KWD 0.67 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait palm oil is between US$ 2.36 and US$ 3.34 per kilogram or between US$ 1.07 and US$ 1.52 per pound(lb).
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Kuwait Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Kuwait over the last five years has been relatively stable. In 2017, the price was 1.00 US$ per kg, and in 2018 it increased to 1.37 US$ per kg. In 2019, the price dropped to 0.73 US$ per kg, and in 2020 it decreased further to 0.60 US$ per kg. In 2021, the price rose again to 0.75 US$ per kg. Based on this data, it is likely that the export price per kilogram of Palm Oil from Kuwait will remain relatively stable in the next two years, with an estimated price of 0.75 US$ per kg in 2023 and 0.76 US$ per kg in 2024.The palm oil exports from Kuwait are classified as:
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
Kuwait Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Kuwait over the last five years has been relatively stable. In 2017, the price was 1.00 US $ per kg, followed by 1.00 US $ per kg in 2016. In 2015, the price was 1.48 US $ per kg, and in 2013, it was 1.00 US $ per kg. The lowest price was recorded in 2019, at 0.73 US $ per kg, and the highest price was recorded in 2015, at 1.48 US $ per kg. In 2020, the price was 0.60 US $ per kg, and in 2021, it was 0.75 US $ per kg. In 2018, the price was 1.37 US $ per kg. Looking ahead, it is likely that the import price per kilogram of Palm Oil into Kuwait will remain relatively stable in the next two years. We can predict that the price in 2023 will be around 0.75 US $ per kg, and the price in 2024 will be around 0.80 US $ per kg.Export values for Kuwait palm oil
The total values in export for palm oil in Kuwait were US$ 9, US$ 6, US$ 37 and US$ 24 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 palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
Kuwait palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait sold 33 tonnes of palm oil. In 2019 alone, the market for Kuwait palm oil (processed category) has increased, flactuating by 22.222 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 450% bringing the exporter US$0.02m for the year 2019. Kuwait's palm oil exports are classified as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
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Kuwait palm oil export values
In 2019, Kuwait exported palm oil valued at 0.02m USD, a drop of -45.95% from 2018's total palm oil export of 0.037m USD. The yearly change in value of Kuwait palm oil between 2017 to 2018 was 516.667 percent.
The yearly change in the volume of Kuwait's palm oil exports between 2017 and 2019 was 450 per cent when compared to a variation of 22.222% in the growth rate between 2018 and 2019.
Export markets for Kuwait palm oil ( in '000$ )
Kuwait's best performing export markets for palm oil are the Netherlands, Saudi Arabia, Qatar, Oman and Jordan.
Kuwait bought 30,108 tonnes of palm oil in 2019.