Kuwait - Frozen Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fruit Price in Kuwait - 2021
Contents:
- Frozen Fruit Price in Kuwait (CIF) - 2021
- Frozen Fruit Price in Kuwait (FOB) - 2022
- Frozen Fruit Imports in Kuwait
- Frozen Fruit Exports in Kuwait
Frozen Fruit Price in Kuwait (CIF) - 2021
The average frozen fruit import price stood at $1,660 per ton in December 2021, rising by 23% against the previous month. Overall, import price indicated a modest expansion from January 2021 to December 2021: its price increased at an average monthly rate of +1.3% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, frozen fruit import price decreased by -27.4% against October 2021 indices. The most prominent rate of growth was recorded in February 2021 an increase of 62% against the previous month. The import price peaked at $2,758 per ton in July 2021; however, from August 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 Chile ($5,015 per ton), while the price for the Philippines ($294 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced a decline.
Frozen Fruit Price in Kuwait (FOB) - 2022
In 2022, the average frozen fruit export price amounted to $1,572 per ton, picking up by 18% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fruit export price increased by +42.1% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $1,802 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($1,680 per ton), while the average price for exports to Iran stood at $1,296 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fruit Imports in Kuwait
In 2022, approx. 2.1K tons of frozen fruits were imported into Kuwait; with an increase of 5.7% compared with 2021 figures. Overall, imports, however, continue to indicate a perceptible decline.
In value terms, frozen fruit imports fell to $4.7M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 16%.
| Import of Frozen Fruit in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 655 | 336 | 348 | 932 | 12.5% |
| Egypt | 1,359 | 810 | 944 | 830 | -15.2% |
| India | 762 | 1,188 | 1,071 | 538 | -11.0% |
| Serbia | 102 | 252 | 560 | 366 | 53.1% |
| France | 68.5 | 56.0 | 62.3 | 287 | 61.2% |
| Chile | 173 | 368 | 251 | 275 | 16.7% |
| Mexico | 59.7 | 92.8 | 106 | 211 | 52.3% |
| Spain | 91.5 | 177 | 150 | 137 | 14.4% |
| Lebanon | 73.5 | 286 | 165 | 99.4 | 10.6% |
| Others | 712 | 1,142 | 1,125 | 1,071 | 14.6% |
| Total | 4,056 | 4,707 | 4,783 | 4,745 | 5.4% |
Top Suppliers of Frozen Fruit to Kuwait in 2022:
- India (611.7 tons)
- Egypt (375.7 tons)
- United States (351.9 tons)
- Lebanon (105.5 tons)
- Serbia (87.6 tons)
- Chile (86.4 tons)
- France (66.1 tons)
- Mexico (57.0 tons)
- Spain (45.5 tons)
Frozen Fruit Exports in Kuwait
In 2022, overseas shipments of frozen fruits decreased by -26% to 6.9 tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 136% against the previous year. As a result, the exports attained the peak of 11 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen fruit exports declined to $11K in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 45%. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Fruit in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 5.0 | 3.8 | 7.0 | 8.3 | 18.4% |
| Iran | 3.7 | N/A | 3.7 | 2.5 | -12.3% |
| Iraq | N/A | 0.4 | N/A | N/A | 0% |
| Lebanon | N/A | N/A | 0.3 | N/A | 0% |
| Saudi Arabia | N/A | 8.2 | 1.4 | N/A | -82.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.6 | 12.5 | 12.3 | 10.8 | 7.9% |
Top Export Markets for Frozen Fruit from Kuwait in 2022:
- Oman (4.9 tons)
- Iran (1.9 tons)
This report provides an in-depth analysis of the frozen fruit 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 10392100 - Frozen fruit and nuts uncooked or cooked by steaming or boiling in water
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
- 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 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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