Kuwait - Fresh Or Chilled Cuts Of Chicken - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Chicken Cut Price in Kuwait - 2021
Contents:
- Fresh Chicken Cut Price in Kuwait (CIF) - 2021
- Fresh Chicken Cut Price in Kuwait (FOB) - 2022
- Fresh Chicken Cut Imports in Kuwait
- Fresh Chicken Cut Exports in Kuwait
Fresh Chicken Cut Price in Kuwait (CIF) - 2021
In December 2021, the average fresh chicken cut import price amounted to $4,647 per ton, shrinking by -15.2% against the previous month. In general, the import price showed a pronounced decrease. The pace of growth was the most pronounced in August 2021 when the average import price increased by 18% m-o-m. Over the period under review, average import prices hit record highs at $7,613 per ton in May 2021; however, from June 2021 to December 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Saudi Arabia ($7,437 per ton), while the price for the United Arab Emirates totaled $3,303 per ton.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.4%).
Fresh Chicken Cut Price in Kuwait (FOB) - 2022
In 2022, the average fresh chicken cut export price amounted to $4,976 per ton, waning by -3.7% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh chicken cut export price increased by +102.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked at $5,166 per ton in 2021, and then dropped modestly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($8,606 per ton), while the average price for exports to Bahrain ($996 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 Jordan (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Fresh Chicken Cut Imports in Kuwait
In 2022, approx. 2.4K tons of fresh or chilled cuts of chicken were imported into Kuwait; which is down by -17.3% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 2.9K tons, and then contracted markedly in the following year.
In value terms, fresh chicken cut imports dropped rapidly to $12M in 2022. Overall, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of $14M, and then shrank sharply in the following year.
| Import of Fresh Chicken Cut in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 6.7 | 6.8 | 9.4 | 6.0 | -3.6% |
| United Arab Emirates | 3.3 | 2.4 | 4.4 | 5.7 | 20.0% |
| Brazil | 0.4 | N/A | 0.4 | 0.2 | -20.6% |
| Others | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
| Total | 10.8 | 9.7 | 14.5 | 12.1 | 3.9% |
Top Suppliers of Fresh Chicken Cut to Kuwait in 2022:
- United Arab Emirates (1501.5 tons)
- Saudi Arabia (769.5 tons)
- Brazil (124.7 tons)
Fresh Chicken Cut Exports in Kuwait
After three years of growth, overseas shipments of fresh or chilled cuts of chicken decreased by -16.1% to 35 tons in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 90% against the previous year.
In value terms, fresh chicken cut exports declined significantly to $176K in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 164%.
| Export of Fresh Chicken Cut in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 46.3 | 119 | 188 | 158 | 50.6% |
| United Arab Emirates | 2.0 | 10.1 | 20.8 | 14.6 | 94.0% |
| Bahrain | 2.5 | 4.7 | 5.4 | 3.4 | 10.8% |
| Others | N/A | N/A | 3.5 | N/A | 0% |
| Total | 50.8 | 134 | 217 | 176 | 51.3% |
Top Export Markets for Fresh Chicken Cut from Kuwait in 2022:
- Saudi Arabia (30.2 tons)
- Bahrain (3.4 tons)
- United Arab Emirates (1.7 tons)
This report provides an in-depth analysis of the fresh chicken cut 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 10121050 - Fresh or chilled cuts of chicken
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.
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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
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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
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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
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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