Kuwait - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Whole Turkey Price in Kuwait - 2021
Contents:
- Frozen Whole Turkey Price in Kuwait (CIF) - 2021
- Frozen Whole Turkey Price in Kuwait (FOB) - 2022
- Frozen Whole Turkey Imports in Kuwait
- Frozen Whole Turkey Exports in Kuwait
Frozen Whole Turkey Price in Kuwait (CIF) - 2021
The average frozen whole turkey import price stood at $4,640 per ton in December 2021, picking up by 22% against the previous month. Overall, the import price showed prominent growth. The growth pace was the most rapid in February 2021 when the average import price increased by 291% m-o-m. As a result, import price attained the peak level of $7,685 per ton. From March 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 Brazil ($8,124 per ton), while the price for Canada ($4,107 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 Brazil (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Turkey Price in Kuwait (FOB) - 2022
In 2022, the average frozen whole turkey export price amounted to $6,849 per ton, with a decrease of -5.5% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The export price peaked at $7,251 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($10,501 per ton), while the average price for exports to Qatar totaled $4,516 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+13.8%).
Frozen Whole Turkey Imports in Kuwait
In 2022, frozen whole turkey imports into Kuwait declined significantly to 76 tons, dropping by -27.7% on the previous year. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 105 tons, and then reduced sharply in the following year.
In value terms, frozen whole turkey imports declined sharply to $247K in 2022. In general, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.0% 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 +27.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, imports reached the peak of $301K, and then contracted significantly in the following year.
| Import of Frozen Whole Turkey in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 20.6 | 57.6 | 110 | 140 | 89.4% |
| Jordan | 24.5 | 21.2 | 24.7 | 31.3 | 8.5% |
| United States | 114 | 61.3 | 100 | 25.9 | -39.0% |
| United Arab Emirates | 33.8 | 22.1 | 2.1 | 16.7 | -20.9% |
| Bahrain | 14.8 | 16.6 | 10.8 | 13.6 | -2.8% |
| Brazil | 13.0 | 5.5 | 8.6 | 10.9 | -5.7% |
| Turkey | 3.6 | 6.3 | 7.2 | 7.3 | 26.6% |
| Canada | N/A | N/A | 35.3 | N/A | 0% |
| Others | 1.4 | 2.4 | 1.2 | 1.4 | 0.0% |
| Total | 226 | 193 | 301 | 247 | 3.0% |
Top Suppliers of Frozen Whole Turkey to Kuwait in 2022:
- Saudi Arabia (45.3 tons)
- United States (9.3 tons)
- United Arab Emirates (6.4 tons)
- Jordan (5.9 tons)
- Turkey (3.5 tons)
- Bahrain (3.0 tons)
- Brazil (2.2 tons)
Frozen Whole Turkey Exports in Kuwait
In 2022, shipments abroad of frozen whole turkeys was finally on the rise to reach 16 tons after two years of decline. In general, exports, however, showed a perceptible decrease.
In value terms, frozen whole turkey exports reduced slightly to $108K in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 2.4%.
| Export of Frozen Whole Turkey in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 62.4 | 63.8 | 65.2 | 64.3 | 1.0% |
| Qatar | 41.5 | 42.6 | 43.7 | 43.3 | 1.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 104 | 106 | 109 | 108 | 1.3% |
Top Export Markets for Frozen Whole Turkey from Kuwait in 2022:
- Qatar (9.6 tons)
- Iraq (6.1 tons)
This report provides an in-depth analysis of the frozen whole turkey 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 10122015 - Frozen whole turkeys
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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