Kuwait: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Kuwait

In 2022, the Kuwaiti nuts (prepared or preserved) market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted markedly in the following year.

Production of Nuts (Prepared Or Preserved) in Kuwait

In value terms, nuts (prepared or preserved) production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Nuts (prepared or preserved) production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Nuts (Prepared Or Preserved)

Exports from Kuwait

Nuts (prepared or preserved) exports from Kuwait skyrocketed to X tons in 2022, jumping by X% on the previous year. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, nuts (prepared or preserved) exports surged to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for nuts (prepared or preserved) exports from Kuwait, with a X% share of total exports. Moreover, nuts (prepared or preserved) exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), eightfold. Iraq (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Qatar ($X) remains the key foreign market for nuts (prepared or preserved) exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports. It was followed by Iraq, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Iraq (X% per year).

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Imports of Nuts (Prepared Or Preserved)

Imports into Kuwait

After three years of decline, supplies from abroad of nuts (prepared or preserved) increased by X% to X tons in 2022. Overall, imports continue to indicate temperate growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and the United States (X tons) were the main suppliers of nuts (prepared or preserved) imports to Kuwait, together accounting for X% of total imports. Turkey, Bangladesh, Italy, France, Iran, Lebanon, Sri Lanka, Spain, China and the Philippines lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the United States ($X) and Turkey ($X) constituted the largest nuts (prepared or preserved) suppliers to Kuwait, with a combined X% share of total imports. India, Italy, France, Lebanon, Spain, China, Iran, the Philippines, Bangladesh and Sri Lanka lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of 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

The average nuts (prepared or preserved) import price stood at $X per ton in 2022, declining by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform