Kuwait: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Kuwait

The Kuwaiti prepared frozen vegetable market soared to $X in 2020, with an increase of X% against the previous year. Overall, consumption enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Prepared frozen vegetable consumption peaked in 2020 and is expected to retain growth in the near future.

Prepared Frozen Vegetable Production in Kuwait

In value terms, prepared frozen vegetable production skyrocketed to $X in 2020 estimated in export prices. In general, production posted significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Prepared frozen vegetable production peaked in 2020 and is expected to retain growth in the immediate term.

Prepared Frozen Vegetable Exports

Exports from Kuwait

In 2020, prepared frozen vegetable exports from Kuwait declined notably to X tons, reducing by -X% on the previous year. In general, exports recorded a deep slump. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. from 2010 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, prepared frozen vegetable exports expanded significantly to $X in 2020. Overall, exports recorded a perceptible descent. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Qatar (X tons) was the main destination for prepared frozen vegetable exports from Kuwait, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Qatar exceeded the volume sent to the second major destination, Iraq (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-X% per year) and Saudi Arabia (-X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for prepared frozen vegetable exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by Iraq ($X), with a X% share of total exports.

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

Export Prices by Country

The average prepared frozen vegetable export price stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum in 2020 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 Qatar ($X per ton), while the average price for exports to Iraq ($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 Qatar, while the prices for the other major destinations experienced mixed trend patterns.

Prepared Frozen Vegetable Imports

Imports into Kuwait

In 2020, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the third year in a row after five years of growth. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, prepared frozen vegetable imports soared to $X in 2020. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

Egypt (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of prepared frozen vegetable imports to Kuwait, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), the Netherlands ($X) and Egypt ($X) were the largest prepared frozen vegetable suppliers to Kuwait, together accounting for X% of total imports. Spain, Canada, India, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, with an increase of X% against the previous year. In general, import price indicated noticeable growth from 2007 to 2020: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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