Report Update Apr 1, 2024

Kuwait - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Kuwait

The Kuwaiti frozen whole turkey market reduced markedly to $X in 2022, which is down by -20.1% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market reached the peak level at $X in 2021, and then plummeted in the following year.

Frozen Whole Turkey Production in Kuwait

In value terms, frozen whole turkey production reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 20%. Frozen whole turkey production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Whole Turkey Exports

Exports from Kuwait

In 2022, overseas shipments of frozen whole turkeys increased by 4.6% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 439%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen whole turkey exports contracted slightly to $X in 2022. Overall, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 403%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons) and Iraq (X tons) were the main destinations of frozen whole turkey exports from Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +7.4%).

In value terms, Iraq ($X) and Qatar ($X) constituted the largest markets for frozen whole turkey exported from Kuwait worldwide.

Qatar, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average frozen whole turkey export price amounted to $X per ton, falling by -5.5% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 20%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Qatar totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+13.8%).

Frozen Whole Turkey Imports

Imports into Kuwait

In 2022, approx. X tons of frozen whole turkeys were imported into Kuwait; declining by -27.7% against 2021. In general, imports recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of 245% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen whole turkey imports reduced rapidly to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 281%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest frozen whole turkey supplier to Kuwait, accounting for a 60% share of total imports. Moreover, frozen whole turkey imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.4% per year) and the United Arab Emirates (+13.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of frozen whole turkeys to Kuwait, comprising 57% of total imports. The second position in the ranking was taken by Jordan ($X), with a 13% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-3.3% per year) and the United States (-14.9% per year).

Import Prices by Country

The average frozen whole turkey import price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2014 an increase of 27%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole turkeys in the world?

The countries with the highest volumes of consumption in 2022 were the United States, India and Brazil, with a combined 51% share of global consumption. Mexico, Australia, Turkey, Germany, Chile, Canada, Argentina, Panama and Finland lagged somewhat behind, together comprising a further 24%.

What are the largest producers of frozen whole turkeys in the world?

The United States constituted the country with the largest volume of frozen whole turkey production, accounting for 38% of total volume. Moreover, frozen whole turkey production in the United States exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by Brazil, with an 8% share.

What are the leading suppliers of frozen whole turkeys to Kuwait?

In value terms, Saudi Arabia constituted the largest supplier of frozen whole turkeys to Kuwait, comprising 57% of total imports. The second position in the ranking was held by Jordan, with a 13% share of total imports. It was followed by the United States, with a 10% share.

What are the leading importers of frozen whole turkeys from Kuwait?

In value terms, Iraq and Qatar appeared to be the largest markets for frozen whole turkey exported from Kuwait worldwide.

What is the average export price for frozen whole turkeys in Kuwait?

In 2022, the average frozen whole turkey export price amounted to $6,849 per ton, falling by -5.5% against the previous year.

What is the average import price for frozen whole turkeys in Kuwait?

The average frozen whole turkey import price stood at $3,245 per ton in 2022, surging by 14% against the previous year.

This report provides an in-depth analysis of the frozen whole turkey market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10122015 - Frozen whole turkeys

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023