Kuwait - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Kuwait - 2021
Contents:
- Frozen Whole Fish Price in Kuwait (CIF) - 2021
- Frozen Whole Fish Price in Kuwait (FOB) - 2022
- Frozen Whole Fish Imports in Kuwait
- Frozen Whole Fish Exports in Kuwait
Frozen Whole Fish Price in Kuwait (CIF) - 2021
The average frozen whole fish import price stood at $1,930 per ton in December 2021, jumping by 30% against the previous month. In general, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 40% month-to-month. The import price peaked at $2,519 per ton in January 2021; however, from February 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United Arab Emirates ($7,474 per ton), while the price for Egypt ($576 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 Thailand (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in Kuwait (FOB) - 2022
The average frozen whole fish export price stood at $822 per ton in 2022, growing by 18% against the previous year. Overall, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices hit record highs at $2,796 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Iraq.
From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to -6.5% per year.
Frozen Whole Fish Imports in Kuwait
In 2022, after three years of growth, there was significant decline in purchases abroad of frozen whole fish, when their volume decreased by -14.3% to 12K tons. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 14K tons, and then fell in the following year.
In value terms, frozen whole fish imports reduced markedly to $24M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49%. As a result, imports reached the peak of $28M, and then shrank rapidly in the following year.
| Import of Frozen Whole Fish in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.2 | 5.1 | 7.1 | 8.7 | 39.6% |
| Myanmar | 3.5 | 3.8 | 4.6 | 3.9 | 3.7% |
| United Arab Emirates | N/A | N/A | N/A | 2.6 | 0% |
| Taiwan (Chinese) | 2.5 | 2.5 | 2.5 | 2.3 | -2.7% |
| Iran | 1.3 | 1.4 | 2.3 | 2.1 | 17.3% |
| Thailand | 1.3 | 0.8 | 0.8 | 0.9 | -11.5% |
| Vietnam | 0.6 | 0.6 | 0.5 | 0.5 | -5.9% |
| Others | 2.5 | 4.9 | 10.5 | 2.5 | 0.0% |
| Total | 14.9 | 19.0 | 28.3 | 23.6 | 16.6% |
Top Suppliers of Frozen Whole Fish to Kuwait in 2022:
- Myanmar (4.4K tons)
- Taiwan (Chinese) (1.9K tons)
- India (1.7K tons)
- Thailand (1.0K tons)
- Iran (0.8K tons)
- Vietnam (0.6K tons)
- United Arab Emirates (0.5K tons)
Frozen Whole Fish Exports in Kuwait
In 2022, shipments abroad of frozen whole fish increased by 77% to 23 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp downturn.
In value terms, frozen whole fish exports soared to $19K in 2022. Over the period under review, exports, however, saw a significant decline.
| Export of Frozen Whole Fish in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 49.3 | 28.1 | 7.9 | 18.5 | -27.9% |
| Others | 1.2 | 0.3 | 1.0 | 0.2 | -45.0% |
| Total | 50.5 | 28.4 | 9.0 | 18.7 | -28.2% |
Top Export Markets for Frozen Whole Fish from Kuwait in 2022:
- Iraq (22.7 tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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