Kuwait: Coconut Market 2024

Coconut Market Size in Kuwait

The Kuwaiti coconut market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Coconut Production in Kuwait

In value terms, coconut production amounted to $X in 2022 estimated in export price. Overall, production saw a sharp slump. The most prominent rate of growth was recorded in 2013 with a decrease of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of coconuts in Kuwait amounted to less than X kg per ha in 2022, stabilizing at the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of coconuts were harvested in Kuwait; stabilizing at 2021 figures. In general, the harvested area continues to indicate a relatively flat trend pattern.

Coconut Exports

Exports from Kuwait

In 2022, coconut exports from Kuwait surged to X tons, growing by X% against the previous year's figure. Over the period under review, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, coconut exports skyrocketed to $X in 2022. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for coconut exports from Kuwait, with a X% share of total exports. Moreover, coconut exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), twofold.

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

In value terms, Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the largest markets for coconut exported from Kuwait worldwide, with a combined X% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average coconut export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

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

Coconut Imports

Imports into Kuwait

In 2022, after two years of growth, there was significant decline in supplies from abroad of coconuts, when their volume decreased by X% to X tons. In general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, coconut imports reached $X in 2022. Overall, total imports indicated resilient growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of coconut to Kuwait, with a X% share of total imports. Moreover, coconut imports from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), fivefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Thailand (X% per year).

In value terms, India ($X) constituted the largest supplier of coconuts to Kuwait, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2013 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a perceptible descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sri Lanka ($X per ton) and Thailand ($X per ton), while the price for Vietnam ($X per ton) and India ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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