Kuwait: Processed Meat Market 2024

Processed Meat Market Size in Kuwait

After two years of growth, the Kuwaiti processed meat market decreased by X% to $X in 2022. In general, consumption, however, enjoyed significant growth. Processed meat consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Processed Meat Production in Kuwait

In value terms, processed meat production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Processed Meat Exports

Exports from Kuwait

Processed meat exports from Kuwait totaled X tons in 2022, picking up by X% compared with the previous year. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, processed meat exports soared to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of processed meat exports from Kuwait, together accounting for X% of total exports. Bahrain, Oman, Jordan and Iraq lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the largest markets for processed meat exported from Kuwait worldwide, with a combined X% share of total exports. Bahrain, Oman, Iraq and Jordan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a pronounced curtailment. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Jordan ($X per ton) and Saudi Arabia ($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 Iraq (X%), while the prices for the other major destinations experienced mixed trend patterns.

Processed Meat Imports

Imports into Kuwait

In 2022, purchases abroad of processed meat decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, processed meat imports surged to $X in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of processed meat to Kuwait, accounting for a X% share of total imports. Moreover, processed meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Brazil (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of processed meat to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average processed meat import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per ton) and Egypt ($X per ton), while the price for Brazil ($X per ton) and Denmark ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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