Kuwait: Cream Market 2021

Cream Market Size in Kuwait

In 2020, the Kuwaiti cream market increased by X% to $X, rising for the ninth year in a row after three years of decline. Overall, the total consumption indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Cream consumption peaked in 2020 and is likely to continue growth in the immediate term.

Cream Production in Kuwait

In value terms, cream production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, recorded a dramatic setback. Cream production peaked at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Cream Exports

Exports from Kuwait

In 2020, shipments abroad of cream decreased by -X% to X tons, falling for the twelfth consecutive year after two years of growth. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. From 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, cream exports plummeted to $X in 2020. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Jordan (X tons) was the main destination for cream exports from Kuwait, with a X% share of total exports. Moreover, cream exports to Jordan exceeded the volume sent to the second major destination, Qatar (X tons), fivefold. The third position in this ranking was occupied by Lebanon (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Jordan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Lebanon (-X% per year).

In value terms, Jordan ($X) remains the key foreign market for cream exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Jordan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-X% per year) and Qatar (-X% per year).

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Jordan ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Jordan, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into Kuwait

In 2020, supplies from abroad of cream increased by X% to X tons, rising for the ninth consecutive year after three years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. From 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, cream imports expanded slightly to $X in 2020. In general, total imports indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Saudi Arabia (X tons) was the main supplier of cream to Kuwait, with a X% share of total imports. Moreover, cream imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Saudi Arabia stood at +X%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of cream to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Saudi Arabia stood at +X%.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Bahrain ($X per ton), while the price for Saudi Arabia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain.

Source: IndexBox Platform