Kuwait - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Kuwait - 2021
Contents:
- Extracts of Tea Price in Kuwait (CIF) - 2022
- Extracts of Tea Price in Kuwait (FOB) - 2022
- Extracts of Tea Imports in Kuwait
- Extracts of Tea Exports in Kuwait
Extracts of Tea Price in Kuwait (CIF) - 2022
In 2022, the average extracts of tea import price amounted to $5,864 per ton, with an increase of 8.1% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $7,351 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,525 per ton), while the price for the Philippines ($813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in Kuwait (FOB) - 2022
In 2022, the average extracts of tea export price amounted to $1,333 per ton, with a decrease of -18.4% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 43% against the previous year. The export price peaked at $8,036 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($6,741 per ton), while the average price for exports to Iran ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+15.0%), while the prices for the other major destinations experienced a decline.
Extracts of Tea Imports in Kuwait
In 2022, the amount of extracts, essences and concentrates of tea or mate imported into Kuwait reduced to 640 tons, waning by -9.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 709 tons, and then fell in the following year.
In value terms, extracts of tea imports dropped to $3.8M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 5.7% against the previous year.
| Import of Extracts of Tea in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,640 | 1,247 | 1,488 | 1,371 | -5.8% |
| United Arab Emirates | 95.1 | 274 | 434 | 668 | 91.5% |
| Germany | 119 | 120 | 254 | 223 | 23.3% |
| Malaysia | 42.9 | 172 | 200 | 176 | 60.1% |
| Belgium | 1.3 | 104 | 182 | 160 | 397.4% |
| Saudi Arabia | 43.6 | 83.7 | 26.3 | 120 | 40.1% |
| Turkey | 217 | 205 | 103 | 99.2 | -23.0% |
| United States | 408 | 245 | 213 | 97.4 | -38.0% |
| Philippines | 61.2 | 76.7 | 57.2 | 36.0 | -16.2% |
| Egypt | 52.9 | 20.7 | 50.9 | 34.4 | -13.4% |
| Others | 787 | 1,116 | 836 | 770 | -0.7% |
| Total | 3,468 | 3,664 | 3,845 | 3,755 | 2.7% |
Top Suppliers of Extracts of Tea to Kuwait in 2022:
- India (263.8 tons)
- United Arab Emirates (102.1 tons)
- Saudi Arabia (57.9 tons)
- Philippines (44.3 tons)
- Germany (30.0 tons)
- Belgium (23.1 tons)
- Malaysia (21.4 tons)
- Egypt (12.3 tons)
- United States (9.3 tons)
- Turkey (6.8 tons)
Extracts of Tea Exports in Kuwait
In 2022, exports of extracts, essences and concentrates of tea or mate from Kuwait surged to 11 tons, rising by 47% against the previous year's figure. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 171,627%. As a result, the exports reached the peak of 189 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, extracts of tea exports skyrocketed to $15K in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 66,662%. As a result, the exports reached the peak of $298K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Extracts of Tea in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | 231 | 7.6 | 8.7 | -80.6% |
| Jordan | 0.1 | 51.4 | 2.0 | 2.8 | 203.7% |
| Saudi Arabia | 0.3 | 6.5 | 1.3 | 2.7 | 108.0% |
| United Kingdom | N/A | N/A | 0.2 | N/A | 0% |
| Others | N/A | 9.0 | 1.2 | 0.5 | -76.4% |
| Total | 0.4 | 298 | 12.2 | 14.7 | 232.5% |
Top Export Markets for Extracts of Tea from Kuwait in 2022:
- Iran (10.1 tons)
- Saudi Arabia (0.4 tons)
- Jordan (0.4 tons)
This report provides an in-depth analysis of the extracts of tea market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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