Report Update Nov 1, 2024

Kuwait - Almonds - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Almond Market 2024

Almond Market Size in Kuwait

In 2021, the Kuwaiti almond market increased by 210% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight decrease. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Almond Exports

Exports from Kuwait

In 2021, overseas shipments of almonds increased by 378% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, almond exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 624% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Bahrain (X tons) were the main destinations of almond exports from Kuwait, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of -0.6%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for almond exports from Kuwait, comprising 58% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 21% share of total exports. It was followed by Qatar, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-2.5% per year) and Qatar (-6.3% per year).

Export Prices by Country

In 2021, the average almond export price amounted to $X per ton, with a decrease of -18.3% against the previous year. In general, the export price, however, showed prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 64% 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 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.

Almond Imports

Imports into Kuwait

In 2021, after three years of decline, there was significant growth in supplies from abroad of almonds, when their volume increased by 171% to X tons. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, almond imports surged to $X in 2021. Overall, imports, however, showed a mild setback. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest almond supplier to Kuwait, with a 48% share of total imports. Moreover, almond imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+8.2% per year) and the United States (-15.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of almond to Kuwait, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Lebanon, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.5% per year) and Lebanon (+16.2% per year).

Import Prices by Country

The average almond import price stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond import price increased by +32.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 26%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

The country with the largest volume of almond consumption was the United States, accounting for 49% of total volume. Moreover, almond consumption in the United States exceeded the figures recorded by the second-largest consumer, Spain, fivefold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of almonds in the world?

The United States remains the largest almond producing country worldwide, comprising approx. 55% of total volume. Moreover, almond production in the United States exceeded the figures recorded by the second-largest producer, Spain, sixfold. Australia ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of almonds to Kuwait?

In value terms, the largest almond suppliers to Kuwait were the United States, the United Arab Emirates and Iran, together accounting for 78% of total imports.

What are the leading importers of almonds from Kuwait?

In value terms, the United Arab Emirates emerged as the key foreign market for almond exports from Kuwait, comprising 62% of total exports. The second position in the ranking was occupied by Bahrain, with a 22% share of total exports. It was followed by Qatar, with a 13% share.

What is the average export price for almonds in Kuwait?

The average almond export price stood at $11,650 per ton in 2021, surging by 14% against the previous year.

What is the average import price for almonds in Kuwait?

In 2021, the average almond import price amounted to $3,684 per ton, growing by 14% against the previous year.

This report provides an in-depth analysis of the almond 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.

Product coverage:

FCL 221 - Almonds

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023