Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Kuwait - 2022
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Kuwait (CIF) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Kuwait
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Kuwait (CIF) - 2022
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $6,334 per ton in 2022, growing by 38% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 40% against the previous year. The import price peaked at $6,692 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($7,218 per ton), while the price for China ($4,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+79.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Kuwait
In 2022, approx. 17 tons of mollusc preparations; cuttle fish and squid, prepared or preserveds were imported into Kuwait; waning by -6.2% on the previous year. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 103%. As a result, imports reached the peak of 18 tons, and then contracted in the following year.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $106K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +91.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 14.8 | 3.9 | 9.8 | 40.7 | 40.1% |
| Malaysia | 10.2 | 2.8 | 10.8 | 25.2 | 35.2% |
| India | 3.5 | 8.8 | 14.3 | 15.3 | 63.5% |
| Italy | 5.5 | 2.7 | 3.5 | 7.4 | 10.4% |
| Vietnam | 4.8 | 7.1 | 24.2 | 5.4 | 4.0% |
| Qatar | N/A | N/A | N/A | 4.0 | 0% |
| South Korea | 33.3 | 7.9 | 5.7 | 3.2 | -54.2% |
| China | 7.7 | 1.3 | 1.3 | 1.5 | -42.0% |
| Turkey | N/A | 20.4 | 11.6 | N/A | -43.1% |
| Others | 0.2 | 0.1 | 0.4 | 2.7 | 138.1% |
| Total | 79.9 | 55.0 | 81.7 | 106 | 9.9% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Kuwait in 2022:
- Philippines (6.4 tons)
- Malaysia (4.0 tons)
- India (2.4 tons)
- Italy (1.2 tons)
- Vietnam (0.7 tons)
- Qatar (0.6 tons)
- South Korea (0.5 tons)
- China (0.4 tons)
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