What is the price of soyabean oil per kilogram/pound in Kuwait today?
The retail price range for Kuwait soyabean oil is between US$ 0.72 and US$ 0.83 per kilogram or between US$ 0.32 and US$ 0.38 per pound(lb). Click here to see today's exact prices of soyabean oil in Kuwait
The retail price range in Kuwaiti Dinar for soyabean oil is between KWD 0.22 and KWD 0.26 per kilogram or between KWD 0.10 and KWD 0.12 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait soyabean oil is between US$ 0.50 and US$ 0.58 per kilogram or between US$ 0.23 and US$ 0.26 per pound(lb).
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Kuwait Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Kuwait over the last five years has seen a steady decline. In 2012, the price was 1.44 US dollars per kg, which dropped to 1.42 US dollars per kg in 2013. This trend continued in 2014, when the price fell to 1.33 US dollars per kg. In 2015, the price dropped further to 1.11 US dollars per kg, and in 2016, it decreased to 1.05 US dollars per kg. The lowest price was recorded in 2017, at 0.97 US dollars per kg. However, the price has seen an increase in the last two years, with 1.1 US dollars per kg in 2018 and 1.6 US dollars per kg in 2019. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from Kuwait will be 1.45 US dollars per kg in 2023 and 1.51 US dollars per kg in 2024.The exports of soyabean oil from Kuwait are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
Kuwait Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Kuwait has seen a steady decline over the past five years. In 2012, the price was 1.44 US dollars per kg, which dropped to 1.42 US dollars per kg in 2013. This trend continued in 2014, when the price fell to 1.33 US dollars per kg. In 2015, the price dropped further to 1.11 US dollars per kg, and in 2016, it decreased to 1.05 US dollars per kg. The lowest price was recorded in 2017, when the import price was 0.97 US dollars per kg. However, the price has seen an increase in the last two years, with 1.1 US dollars per kg in 2018 and 1.6 US dollars per kg in 2019. Based on this trend, it is predicted that the import price per kilogram of Soyabean oil into Kuwait will be 1.7 US dollars per kg in 2023 and 1.8 US dollars per kg in 2024.Export values for Kuwait soyabean oil
The total values in export for soyabean oil in Kuwait were US$ 771, US$ 884, US$ 55 and US$ 8 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 soyabean oil in other countries across Middle East: Bahrain soyabean oil, Cyprus soyabean oil, Iraq soyabean oil, Israel soyabean oil, Jordan soyabean oil, Kuwait soyabean oil, Lebanon soyabean oil, Palestine soyabean oil, Oman soyabean oil & Qatar soyabean oil.
Kuwait soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait shipped 5 tonnes of soyabean oil. For 2019 alone, the interest in Kuwait soyabean oil (processed category) has gone down, recording a change of -90 % compared to the year 2018. Between 2017 and 2019, soyabean oil's exports reduced by -99.45 pc netting the exporter US$0.01m for the year 2019. Kuwait's soyabean oil exports are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Kuwait soyabean oil export values
In 2019, Kuwait exported soyabean oil valued at 0.01m USD, a decrease of -81.82% from 2018's total soyabean oil export of 0.055m USD. The annual change in value of Kuwait soyabean oil between 2017 to 2018 was -93.778 pc.
The annual variation in the volume of Kuwait's soyabean oil exports between 2017 and 2019 was -99.45 percent in comparison to a variation of -90% in the period between 2018 and 2019.
Export markets for Kuwait soyabean oil ( in '000$ )
Kuwait's leading destinations for soyabean oil are United Arab Emirates (UAE), Turkey, Saudi Arabia, Iran and India.
Kuwait procured 10,821 tonnes of soyabean oil in 2019.