Kuwait - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat Price in Kuwait - 2021
Contents:
- Meat Price in Kuwait (CIF) - 2022
- Meat Price in Kuwait (FOB) - 2022
- Meat Imports in Kuwait
- Meat Exports in Kuwait
Meat Price in Kuwait (CIF) - 2022
The average meat import price stood at $5,240 per ton in 2022, waning by -7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 an increase of 24%. Over the period under review, average import prices reached the maximum at $5,671 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,410 per ton), while the price for India ($2,958 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Meat Price in Kuwait (FOB) - 2022
The average meat export price stood at $5,309 per ton in 2022, shrinking by -4.9% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat export price increased by +92.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82%. The export price peaked at $5,581 per ton in 2021, and then reduced slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($6,083 per ton), while the average price for exports to India ($3,972 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 the United States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Meat Imports in Kuwait
In 2022, approx. 45K tons of meat were imported into Kuwait; remaining relatively unchanged against the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 2.2%. As a result, imports reached the peak of 46K tons, leveling off in the following year.
In value terms, meat imports fell to $238M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports attained the peak of $260M, and then dropped in the following year.
| Import of Meat in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 61.5 | 39.0 | 53.2 | 37.3 | -15.4% |
| South Africa | 18.3 | 28.6 | 29.7 | 27.3 | 14.3% |
| Paraguay | 19.7 | 24.4 | 23.2 | 23.9 | 6.7% |
| United States | 20.6 | 17.5 | 25.7 | 22.2 | 2.5% |
| Pakistan | 20.5 | 19.8 | 25.2 | 20.4 | -0.2% |
| India | 31.5 | 20.3 | 28.2 | 19.5 | -14.8% |
| China | 17.4 | 12.4 | 14.8 | 17.4 | 0.0% |
| Brazil | 0.5 | 2.2 | 7.3 | 15.2 | 212.1% |
| Others | 49.9 | 50.3 | 52.4 | 54.5 | 3.0% |
| Total | 240 | 214 | 260 | 238 | -0.3% |
Top Suppliers of Meat to Kuwait in 2022:
- India (6.6K tons)
- China (5.3K tons)
- Paraguay (5.0K tons)
- Pakistan (4.9K tons)
- Australia (4.8K tons)
- South Africa (3.6K tons)
- Brazil (3.2K tons)
- United States (2.6K tons)
Meat Exports in Kuwait
After two years of decline, overseas shipments of meat increased by 10% to 648 tons in 2022. Overall, exports, however, faced a dramatic descent.
In value terms, meat exports expanded significantly to $3.4M in 2022. In general, exports, however, showed a abrupt descent.
| Export of Meat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 344 | 1,348 | 1,342 | 1,913 | 77.2% |
| Iraq | 2,573 | 1,458 | 998 | 1,065 | -25.5% |
| Bahrain | 697 | 215 | 207 | 288 | -25.5% |
| Qatar | 145 | 654 | 417 | 144 | -0.2% |
| Jordan | 233 | N/A | N/A | N/A | 0% |
| Yemen | 214 | N/A | N/A | N/A | 0% |
| Others | 132 | 75.3 | 311 | 29.2 | -39.5% |
| Total | 4,338 | 3,751 | 3,274 | 3,439 | -7.4% |
Top Export Markets for Meat from Kuwait in 2022:
- United Arab Emirates (387.5 tons)
- Iraq (176.6 tons)
- Bahrain (51.5 tons)
- Qatar (23.7 tons)
This report provides an in-depth analysis of the meat 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:
- FCL 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
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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