Price for Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait - 2022
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait (CIF) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait (FOB) - 2022
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait (CIF) - 2022
The average import price for crustacean preparations; lobster, prepared or preserveds stood at $33,904 per ton in 2022, increasing by 166% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 177% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +19.0% per year.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait (FOB) - 2022
The average export price for crustacean preparations; lobster, prepared or preserveds stood at $3,607 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 66%. The export price peaked at $6,605 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +7.1% per year.
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait
After three years of growth, supplies from abroad of crustacean preparations; lobster, prepared or preserveds decreased by -54.5% to 4.3 tons in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. As a result, imports reached the peak of 9.4 tons, and then dropped remarkably in the following year.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $145K in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 27.1 | 52.0 | 90.5 | 89.3 | 48.8% |
| United States | 0.7 | 1.5 | 9.7 | N/A | 272.3% |
| United Arab Emirates | 4.8 | 3.9 | 8.8 | N/A | 35.4% |
| Italy | 2.7 | 3.2 | 11.0 | N/A | 101.8% |
| Others | N/A | N/A | N/A | 55.9 | 0% |
| Total | 35.2 | 60.7 | 120 | 145 | 60.3% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Kuwait in 2022:
- Canada (4.1 tons)
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait
In 2022, exports of crustacean preparations; lobster, prepared or preserveds from Kuwait reached 916 kg, remaining constant against the previous year. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 370% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds reached $3.3K in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 231% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 1.0 | 3.3 | 3.3 | 3.3 | 48.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 3.3 | 3.3 | 3.3 | 48.9% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Kuwait in 2022:
- Bahrain (916.0 kg)
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