Kuwait: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Kuwait

The Kuwaiti frozen catfish fillets market reduced markedly to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt curtailment. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Catfish Fillets Exports

Exports from Kuwait

In 2020, the amount of frozen catfish fillets exported from Kuwait was estimated at X kg, approximately mirroring the year before. Overall, exports continue to indicate a relatively flat trend pattern. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, frozen catfish fillets exports totaled $X in 2020. In general, exports showed a relatively flat trend pattern. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for frozen catfish fillets exports from Kuwait, accounting for a X% share of total exports. Moreover, frozen catfish fillets exports to Iraq exceeded the volume sent to the second major destination, Lebanon (X tons), ninefold.

From 2007 to 2018, the average annual growth rate of volume to Iraq was relatively modest.

In value terms, the largest markets for frozen catfish fillets exported from Kuwait were Iraq ($X) and Lebanon ($X recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2018, the average frozen catfish fillets export price amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, average export prices attained the maximum in 2018 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Lebanon ($X per ton), while the average price for exports to Iraq stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Iraq.

Frozen Catfish Fillets Imports

Imports into Kuwait

In 2020, frozen catfish fillets imports into Kuwait reduced markedly to X tons, which is down by -X% compared with the year before. Over the period under review, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen catfish fillets imports declined rapidly to $X in 2020. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Vietnam (X tons) was the main supplier of frozen catfish fillets to Kuwait, with a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and the United Arab Emirates (+X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish fillets to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2020, the average frozen catfish fillets import price amounted to $X per ton, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :