What is the price of tallow fat per kilogram/pound in Kuwait today?
The retail price range for Kuwait tallow fat is between US$ 0.48 and US$ 0.63 per kilogram or between US$ 0.22 and US$ 0.28 per pound(lb). Click here to see today's exact prices of tallow fat in Kuwait
The retail price range in Kuwaiti Dinar for tallow fat is between KWD 0.15 and KWD 0.19 per kilogram or between KWD 0.07 and KWD 0.09 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait tallow fat is between US$ 0.34 and US$ 0.44 per kilogram or between US$ 0.15 and US$ 0.20 per pound(lb).
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Kuwait Tallow Fat Export Prices - Historical, Trends and Prediction
The export price of Tallow Fat from Kuwait over the last five years has seen a steady increase. In 2013, the price per kilogram was 0.20 US dollars, and by 2021, it had risen to 0.77 US dollars. This represents an increase of 285%. The highest price was in 2015, when it was 0.79 US dollars per kilogram. The price has remained steady since 2019, at 0.64 US dollars per kilogram. Based on this trend, it is likely that the price of Tallow Fat from Kuwait will continue to increase in the next two years, with an estimated price of 0.86 US dollars per kilogram in 2023 and 0.99 US dollars per kilogram in 2024.The exports of tallow fat from Kuwait are classified as:
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
Kuwait Tallow Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Tallow Fat into Kuwait over the last five years has seen a steady increase. In 2013, the price was 0.20 US dollars per kg, and this increased to 0.27 US dollars per kg in 2014. In 2015, the price rose significantly to 0.79 US dollars per kg, before dropping to 0.46 US dollars per kg in 2016. The price then rose again to 0.57 US dollars per kg in 2017, and further increased to 0.64 US dollars per kg in both 2018 and 2019. The most recent data shows that the price has risen again to 0.77 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Tallow Fat into Kuwait will continue to increase, and could reach 0.80 US dollars per kg in 2023 and 0.83 US dollars per kg in 2024.Export values for Kuwait tallow fat
The total values in export for tallow fat in Kuwait were US$ 116, US$ 253, US$ 73 and US$ 50 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Kuwait: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of tallow fat in other countries across Middle East: Bahrain tallow fat, Cyprus tallow fat, Iraq tallow fat, Israel tallow fat, Jordan tallow fat, Kuwait tallow fat, Lebanon tallow fat, Palestine tallow fat, Oman tallow fat & Qatar tallow fat.
Kuwait tallow fat - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait sold 78 tonnes of tallow fat. For 2019 alone, the demand for Kuwait tallow fat (meat category) has decreased, flactuating by -31.579 pc compared to the year 2018. Between 2017 and 2019, tallow fat's exports decreased by -82.31 percent earning the country US$0.05m for the year 2019. Kuwait's tallow fat exports are classified as:
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
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Kuwait tallow fat export values
In 2019, Kuwait sold tallow fat valued at 0.05m USD, a reduction of -31.51% from 2018's total tallow fat export of 0.073m USD. The yearly reduction in value of Kuwait tallow fat between 2017 to 2018 was -71.146 pc.
The yearly change in the quantity of Kuwait's tallow fat exports between 2017 and 2019 was -82.31 pc compared to a variation of -31.579% in the period between 2018 and 2019.
Export markets for Kuwait tallow fat ( in '000$ )
Kuwait's leading export markets for tallow fat are United Arab Emirates (UAE), Pakistan, Lebanon and Iran.
Kuwait ordered 211 tonnes of tallow fat in 2019.