Frozen Strawberries Price in Kuwait - 2022
Contents:
- Frozen Strawberries Price in Kuwait (CIF) - 2021
- Frozen Strawberries Price in Kuwait (FOB) - 2022
- Frozen Strawberries Imports in Kuwait
- Frozen Strawberries Exports in Kuwait
Frozen Strawberries Price in Kuwait (CIF) - 2021
In December 2021, the average frozen strawberries import price amounted to $1,546 per ton, increasing by 18% against the previous month. Over the period under review, the import price recorded a slight increase. The growth pace was the most rapid in October 2021 an increase of 103% month-to-month. As a result, import price reached the peak level of $2,263 per ton. From November 2021 to December 2021, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($4,790 per ton), while the price for Egypt stood at $1,296 per ton.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Strawberries Price in Kuwait (FOB) - 2022
In 2022, the average frozen strawberries export price amounted to $1,680 per ton, approximately mirroring the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 95%. The export price peaked at $2,435 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +0.7% per year.
Frozen Strawberries Imports in Kuwait
In 2022, purchases abroad of frozen strawberrieses increased by 6.1% to 661 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt descent.
In value terms, frozen strawberries imports amounted to $1.4M in 2022. Over the period under review, imports, however, continue to indicate a deep setback.
| Import of Frozen Strawberries in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 1,240 | 673 | 838 | 588 | -22.0% |
| United States | 456 | 10.8 | 153 | 514 | 4.1% |
| Mexico | 12.7 | 12.8 | 11.7 | 97.5 | 97.3% |
| Lebanon | 72.4 | 284 | 140 | 58.0 | -7.1% |
| Chile | 74.1 | 105 | 51.4 | 27.1 | -28.5% |
| Spain | 88.2 | 112 | 49.7 | 8.3 | -54.5% |
| India | 20.9 | 28.0 | 26.4 | 3.2 | -46.5% |
| Others | 179 | 202 | 149 | 128 | -10.6% |
| Total | 2,145 | 1,428 | 1,419 | 1,423 | -12.8% |
Top Suppliers of Frozen Strawberries to Kuwait in 2022:
- United States (298.9 tons)
- Egypt (256.6 tons)
- Mexico (34.5 tons)
- Lebanon (31.9 tons)
- Chile (7.7 tons)
- Spain (2.7 tons)
- India (2.2 tons)
Frozen Strawberries Exports in Kuwait
In 2022, approx. 4.9 tons of frozen strawberrieses were exported from Kuwait; growing by 16% compared with the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. As a result, the exports attained the peak of 5.6 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen strawberries exports soared to $8.3K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year. As a result, the exports attained the peak of $9.4K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Frozen Strawberries in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 5.0 | 2.6 | 6.8 | 8.3 | 18.4% |
| Lebanon | N/A | N/A | 0.3 | N/A | 0% |
| Saudi Arabia | N/A | 6.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.0 | 9.4 | 7.1 | 8.3 | 18.4% |
Top Export Markets for Frozen Strawberries from Kuwait in 2022:
- Oman (4.9 tons)
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