Kuwait: Preserved Turkey Market 2024

Preserved Turkey Market Size in Kuwait

The Kuwaiti preserved turkey market shrank to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Preserved Turkey Production in Kuwait

In value terms, preserved turkey production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Preserved Turkey Exports

Exports from Kuwait

In 2022, the amount of prepared or preserved meat or offal of turkeys exported from Kuwait surged to X tons, picking up by X% on 2021 figures. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, preserved turkey exports declined modestly to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for preserved turkey exports from Kuwait, with a X% share of total exports. Moreover, preserved turkey exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Iraq (X tons) ranked third in terms of total exports with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

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

From 2015 to 2022, the average annual growth rate of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2022, the average preserved turkey export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then declined notably in the following year.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into Kuwait

In 2022, approx. X tons of prepared or preserved meat or offal of turkeys were imported into Kuwait; with an increase of X% compared with the previous year. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved turkey imports surged to $X in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest preserved turkey supplier to Kuwait, accounting for a X% share of total imports. Moreover, preserved turkey imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Belgium (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Kuwait, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2013 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average preserved turkey import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and the United States ($X per ton), while the price for Belgium ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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