Kuwait - Tomato Puree And Paste - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Kuwait - Tomato Puree And Paste - Market Analysis, Forecast, Size, Trends And Insights

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Tomato Puree Price in Kuwait - 2021

Contents:

  1. Tomato Puree Price in Kuwait (CIF) - 2021
  2. Tomato Puree Price in Kuwait (FOB) - 2021
  3. Tomato Puree Imports in Kuwait
  4. Tomato Puree Exports in Kuwait

Tomato Puree Price in Kuwait (CIF) - 2021

In December 2021, the average tomato puree import price amounted to $1,147 per ton, growing by 9.2% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in February 2021 an increase of 17% month-to-month. As a result, import price reached the peak level of $1,169 per ton. From March 2021 to December 2021, the average 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 Saudi Arabia ($1,778 per ton), while the price for Iran ($441 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 China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Tomato Puree Price in Kuwait (FOB) - 2021

The average tomato puree export price stood at $1,338 per ton in December 2021, increasing by 2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2021 when the average export price increased by 37% m-o-m. As a result, the export price attained the peak level of $1,751 per ton. From July 2021 to December 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In December 2021, the countries with the highest prices were Palestine ($1,489 per ton) and Qatar ($1,478 per ton), while the average price for exports to Saudi Arabia ($1,259 per ton) and the United Arab Emirates ($1,292 per ton) were amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports in Kuwait

Tomato puree imports into Kuwait soared to 17K tons in 2022, with an increase of 20% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tomato puree imports skyrocketed to $17M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. As a result, imports attained the peak of $19M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Tomato Puree in Kuwait (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.63.13.74.1-9.9%
Spain2.45.41.83.210.1%
Portugal0.93.32.62.642.4%
China2.22.72.32.42.9%
Italy1.31.00.91.1-5.4%
United Arab Emirates0.80.80.90.94.0%
Oman0.60.40.20.4-12.6%
Iran0.30.20.20.2-12.6%
Others1.22.31.92.018.6%
Total15.319.214.716.93.4%

Top Suppliers of Tomato Puree to Kuwait in 2022:

  1. United States (4.4K tons)
  2. Spain (3.5K tons)
  3. Portugal (2.8K tons)
  4. China (2.5K tons)
  5. Italy (0.9K tons)
  6. United Arab Emirates (0.8K tons)
  7. Oman (0.5K tons)
  8. Iran (0.3K tons)

Tomato Puree Exports in Kuwait

In 2022, shipments abroad of tomato puree and paste was finally on the rise to reach 2.1K tons after two years of decline. Over the period under review, exports, however, recorded a abrupt contraction.

In value terms, tomato puree exports amounted to $2.9M in 2022. Overall, exports, however, saw a abrupt descent.

Export of Tomato Puree in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia1,5342,0861,5831,458-1.7%
Qatar1,901429513809-24.8%
Iraq9502.4296355-28.0%
Jordan79.711318515224.0%
Bahrain1251830.587.6-11.2%
United Arab EmiratesN/A127110N/A-13.4%
Others19.310.684.4N/A109.1%
Total4,6092,9522,7722,862-14.7%

Top Export Markets for Tomato Puree from Kuwait in 2022:

  1. Saudi Arabia (1183.6 tons)
  2. Qatar (550.0 tons)
  3. Iraq (230.1 tons)
  4. Jordan (132.7 tons)
  5. Bahrain (52.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato puree 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 391 - Paste of Tomatoes

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Tomato Puree And Paste - Kuwait