Kuwait - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Preserved and Frozen Vegetable in Kuwait - 2021
Contents:
- Price for Preserved and Frozen Vegetable in Kuwait (CIF) - 2021
- Price for Preserved and Frozen Vegetable in Kuwait (FOB) - 2022
- Imports of Preserved and Frozen Vegetable in Kuwait
- Exports of Preserved and Frozen Vegetable in Kuwait
Price for Preserved and Frozen Vegetable in Kuwait (CIF) - 2021
In December 2021, the average preserved and frozen vegetable import price amounted to $1,284 per ton, standing approximately at the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 8.1% m-o-m. Over the period under review, average import prices attained the peak figure at $1,337 per ton in March 2021; afterwards, it flattened through to December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,912 per ton), while the price for Germany ($959 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 the Netherlands (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Preserved and Frozen Vegetable in Kuwait (FOB) - 2022
In 2022, the average preserved and frozen vegetable export price amounted to $1,416 per ton, shrinking by -22% against the previous year. Overall, the export price recorded a slight downturn. The growth pace was the most rapid in 2013 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $2,220 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($1,941 per ton), while the average price for exports to Iraq ($709 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 Netherlands (+11.1%), while the prices for the other major destinations experienced a decline.
Imports of Preserved and Frozen Vegetable in Kuwait
For the fourth consecutive year, Kuwait recorded growth in overseas purchases of vegetables (preserved, frozen), which increased by 12% to 95K tons in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved and frozen vegetable imports surged to $108M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved and Frozen Vegetable in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 24.0 | 23.5 | 25.6 | 28.8 | 6.3% |
| Egypt | 8.0 | 6.6 | 8.8 | 9.0 | 4.0% |
| United States | 9.1 | 6.8 | 6.9 | 7.8 | -5.0% |
| Lebanon | N/A | N/A | N/A | 5.6 | 0% |
| Belgium | 4.0 | 4.4 | 4.4 | 4.9 | 7.0% |
| France | 4.5 | 4.7 | 3.9 | 4.8 | 2.2% |
| Canada | 1.8 | 2.5 | 3.0 | 3.1 | 19.9% |
| Others | 32.7 | 33.1 | 31.4 | 43.9 | 10.3% |
| Total | 84.2 | 81.6 | 84.0 | 108 | 8.7% |
Top Suppliers of Preserved and Frozen Vegetable to Kuwait in 2022:
- Netherlands (22.4K tons)
- Lebanon (12.7K tons)
- Egypt (7.9K tons)
- France (4.9K tons)
- United States (4.9K tons)
- Belgium (4.6K tons)
- Canada (2.3K tons)
Exports of Preserved and Frozen Vegetable in Kuwait
In 2022, approx. 63 tons of vegetables (preserved, frozen) were exported from Kuwait; shrinking by -55.9% on 2021 figures. Overall, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 168% against the previous year.
In value terms, preserved and frozen vegetable exports shrank sharply to $89K in 2022. In general, exports saw a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 224%.
| Export of Preserved and Frozen Vegetable in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 84.8 | 18.4 | 76.1 | 18.9 | -39.4% |
| Oman | 48.9 | 11.8 | 54.1 | 15.0 | -32.6% |
| Saudi Arabia | 23.0 | 8.3 | 48.9 | 13.0 | -17.3% |
| Qatar | 62.5 | 17.5 | 22.5 | 12.9 | -40.9% |
| Netherlands | N/A | 3.8 | N/A | 8.0 | 45.1% |
| Iraq | 62.1 | 9.9 | 25.4 | 7.3 | -51.0% |
| United Arab Emirates | 26.1 | 5.2 | 27.5 | 7.1 | -35.2% |
| Others | 7.4 | 5.2 | 5.1 | 7.1 | -1.4% |
| Total | 315 | 80.2 | 259 | 89.4 | -34.3% |
Top Export Markets for Preserved and Frozen Vegetable from Kuwait in 2022:
- Saudi Arabia (10.3 tons)
- Iraq (10.3 tons)
- Iran (9.8 tons)
- Oman (8.6 tons)
- Netherlands (7.0 tons)
- Qatar (6.7 tons)
- United Arab Emirates (4.1 tons)
This report provides an in-depth analysis of the market for preserved and frozen vegetable 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 475 - Vegetables, Preserved (Frozen)
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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