Kuwait: Canned Meat Market 2024

Canned Meat Market Size in Kuwait

In 2022, the Kuwaiti canned meat market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Canned Meat Production in Kuwait

In value terms, canned meat production shrank to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Canned Meat Exports

Exports from Kuwait

In 2022, approx. X tons of canned meat were exported from Kuwait; growing by X% compared with the year before. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, canned meat exports surged to $X in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain 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 canned meat exports from Kuwait, with a combined X% share of total exports. Bahrain, Oman, Iraq and Jordan lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Among the main countries of destination, Oman, with a CAGR of X%, saw the highest rates of growth with regard to 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 canned meat export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Bahrain ($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 more modest paces of growth.

Canned Meat Imports

Imports into Kuwait

For the tenth consecutive year, Kuwait recorded growth in overseas purchases of canned meat, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat imports surged to $X in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest canned meat supplier to Kuwait, accounting for a X% share of total imports. Moreover, canned meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. Brazil (X tons) ranked third in terms of total imports with an X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled 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 ($X) constituted the largest supplier of canned meat to Kuwait, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2013 to 2022, the average annual growth rate of value from the United Arab Emirates totaled 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

The average canned meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 ($X per ton) and Jordan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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