Kuwait: Grapefruit Market 2022

Grapefruit Market Size in Kuwait

The Kuwaiti grapefruit market reduced sharply to $X in 2021, 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, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Grapefruit Exports

Exports from Kuwait

In 2021, shipments abroad of grapefruits was finally on the rise to reach X tonnes after two years of decline. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, grapefruit exports surged to $X in 2021. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tonnes) was the main destination for grapefruit exports from Kuwait, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Iraq totaled -X%.

In value terms, Iraq ($X) also remains the key foreign market for grapefruit exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at -X%.

Export Prices by Country

In 2021, the average grapefruit export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price saw a deep downturn. The pace of growth was the most pronounced in 2019 an increase of X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2012 to 2021, the rate of growth in terms of prices for Iraq amounted to -X% per year.

Grapefruit Imports

Imports into Kuwait

Grapefruit imports into Kuwait plummeted to X tonnes in 2021, dropping by -X% on 2020. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes, and then declined rapidly in the following year.

In value terms, grapefruit imports reduced notably to $X in 2021. Over the period under review, imports saw tangible growth. The pace of growth was the most pronounced in 2020 with an increase of X% year-to-year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2021, Lebanon (X tonnes) constituted the largest grapefruit supplier to Kuwait, with a X% share of total imports. Moreover, grapefruit imports from Lebanon exceeded the figures recorded by the second-largest supplier, South Africa (X tonnes), sevenfold. The third position in this ranking was occupied by Syrian Arab Republic (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lebanon stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-X% per year) and Syrian Arab Republic (+X% per year).

In value terms, Lebanon ($X) constituted the largest supplier of grapefruit to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Lebanon amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and Syrian Arab Republic (+X% per year).

Import Prices by Country

The average grapefruit import price stood at $X per tonne in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform