
Kuwait - Wine and Grape Must - Market Analysis, Forecast, Size, Trends and Insights
Kuwait: Wine Market 2023
Wine Exports
Exports from Kuwait
In 2021, overseas shipments of wine and grape must decreased by 0% to X litres, falling for the second consecutive year after two years of decline. In general, exports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure at X litres in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, wine exports stood at $X in 2021. Overall, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
Bahrain (X litres) was the main destination for wine exports from Kuwait, with a 36% share of total exports. Moreover, wine exports to Bahrain exceeded the volume sent to the second major destination, Saudi Arabia (X litres), fivefold.
From 2015 to 2021, the average annual rate of growth in terms of volume to Bahrain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and France (0.0% per year).
From 2015 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and France (0.0% per year).
Export Prices by Country
The average wine export price stood at $X per litre in 2021, flattening at the previous year. Over the period under review, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Saudi Arabia ($X per litre) was amongst the lowest.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-31.5%).
Wine Imports
Imports into Kuwait
In 2022, supplies from abroad of wine and grape must decreased by -8.1% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 126%. Imports peaked at X litres in 2021, and then contracted in the following year.
In value terms, wine imports contracted modestly to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 318% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.
Imports by Country
The United Arab Emirates (X litres), Belgium (X litres) and Spain (X litres) were the main suppliers of wine imports to Kuwait, with a combined 49% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +154.7%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of wine and grape must to Kuwait, comprising 45% of total imports. The second position in the ranking was taken by Belgium ($X), with a 3.4% share of total imports.
From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+107.4% per year) and Spain (-16.4% per year).
Import Prices by Country
The average wine import price stood at $X per litre in 2022, rising by 4.5% against the previous year. Overall, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 181% against the previous year. The import price peaked at $X per litre in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while the price for Belgium ($X per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wine market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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