Kuwait: Powdered Milk Market 2024

Powdered Milk Market Size in Kuwait

The Kuwaiti powdered milk market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Production in Kuwait

In value terms, powdered milk production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2013 with a decrease of X%. Powdered milk production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Powdered Milk Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in overseas shipments of powdered milk, when their volume decreased by X% to X tons. Over the period under review, exports showed a precipitous setback. 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 tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports contracted notably to $X in 2022. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for powdered milk exports from Kuwait, accounting for a X% share of total exports. Moreover, powdered milk exports to Iraq exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

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

In value terms, Iraq ($X) remains the key foreign market for powdered milk exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated temperate growth from 2013 to 2022: its price 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. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a 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 Iraq ($X per ton), while the average price for exports to the United Arab Emirates ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Kuwait

Powdered milk imports into Kuwait skyrocketed to X tons in 2022, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports skyrocketed to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Australia (X tons) and New Zealand (X tons) were the main suppliers of powdered milk imports to Kuwait, together comprising X% of total imports. Saudi Arabia, the United Arab Emirates and Belgium lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Australia ($X) and New Zealand ($X) were the largest powdered milk suppliers to Kuwait, with a combined X% share of total imports. Saudi Arabia, the United Arab Emirates and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, saw 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

In 2022, the average powdered milk import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 ($X per ton) and Australia ($X per ton), while the price for Saudi Arabia ($X per ton) and the United Arab Emirates ($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 more modest paces of growth.

Source: IndexBox Platform

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