Kuwait: Quinoa Market 2022

Quinoa Market Size in Kuwait

The Kuwaiti quinoa market declined remarkably to $X in 2020, 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). In general, consumption, however, continues to indicate prominent growth. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a somewhat lower figure.

Quinoa Exports

Exports from Kuwait

In 2020, approx. X kg of quinoa were exported from Kuwait; standing approx. at the previous year's figure. In general, exports continue to indicate a dramatic setback. Over the period under review, exports attained the peak figure at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, quinoa exports amounted to $X in 2020. Over the period under review, exports showed a dramatic curtailment. Exports peaked at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for quinoa exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to the United Arab Emirates amounted to -X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for quinoa exports from Kuwait.

From 2012 to 2016, the average annual rate of growth in terms of value to the United Arab Emirates totaled -X%.

Export Prices by Country

In 2016, the average quinoa export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price faced a sharp reduction. The export price peaked at $X per ton in 2015, and then reduced dramatically in the following year.

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

From 2012 to 2016, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Quinoa Imports

Imports into Kuwait

After two years of growth, overseas purchases of quinoa decreased by -X% to X tons in 2020. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth imports remained at a lower figure.

In value terms, quinoa imports fell significantly to $X in 2020. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Peru (X tons) constituted the largest supplier of quinoa to Kuwait, accounting for a X% share of total imports. Moreover, quinoa imports from Peru exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), threefold. The U.S. (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Peru stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and the U.S. (+X% per year).

In value terms, Peru ($X) constituted the largest supplier of quinoa to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Peru amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average quinoa import price amounted to $X per ton, falling by -X% against the previous year. Overall, the import price, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform