Kuwait: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Kuwait

In 2022, after two years of decline, there was significant growth in the Kuwaiti cocoa powder with sugar market, when its value increased by X% to $X. Overall, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Cocoa Powder (Containing Added Sugar) in Kuwait

In value terms, cocoa powder with sugar production amounted to less than $X in 2022 estimated in export price. In general, production, however, faced a dramatic slump. The pace of growth was the most pronounced in 2019 with a decrease of X% against the previous year. Cocoa powder with sugar production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of cocoa powder (containing added sugar), which decreased by X% to X tons in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cocoa powder with sugar exports totaled $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Saudi Arabia (X tons) was the main destination for cocoa powder with sugar exports from Kuwait, accounting for a X% share of total exports. Moreover, cocoa powder with sugar exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Qatar (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

It was followed by Qatar, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, remaining constant against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Kuwait

In 2022, overseas purchases of cocoa powder (containing added sugar) were finally on the rise to reach X tons after two years of decline. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar imports soared to $X in 2022. Over the period under review, imports recorded a significant increase. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Egypt (X tons), Poland (X tons) and Saudi Arabia (X tons) were the main suppliers of cocoa powder with sugar imports to Kuwait, together accounting for X% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder with sugar suppliers to Kuwait were Egypt ($X), Poland ($X) and Saudi Arabia ($X), with a combined X% share of total imports. France, Indonesia, Germany, the Netherlands, the UK, Turkey, the United Arab Emirates, Jordan, the United States and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Russia ($X per ton), while the price for the UK ($X per ton) and Jordan ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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