Kuwait: Tea Market 2024

Tea Market Size in Kuwait

The Kuwaiti tea market surged to $X in 2022, increasing 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 enjoyed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Tea Exports

Exports from Kuwait

Tea exports from Kuwait soared to X tons in 2022, growing by X% on the year before. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tea exports expanded sharply to $X in 2022. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for tea exported from Kuwait were Saudi Arabia ($X), Iran ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Qatar, Oman, Jordan and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Jordan, 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

The average tea export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tea export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Tea Imports

Imports into Kuwait

In 2022, the amount of tea imported into Kuwait expanded significantly to X tons, increasing by X% compared with 2021. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tea imports soared to $X in 2022. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest tea supplier to Kuwait, accounting for a X% share of total imports. Moreover, tea imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 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: Sri Lanka (X% per year) and India (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tea to Kuwait, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 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: Sri Lanka (X% per year) and India (X% per year).

Import Prices by Country

The average tea import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tea import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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