Report Update Nov 1, 2024

Kuwait - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Kuwait

In 2021, the Kuwaiti preserved anchovies market increased by 0.7% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.7% against 2017 indices. Preserved anchovies consumption peaked in 2021 and is expected to retain growth in the immediate term.

Preserved Anchovies Production in Kuwait

In value terms, preserved anchovies production dropped modestly to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39%. Preserved anchovies production peaked at $X in 2020, and then fell in the following year.

Preserved Anchovies Exports

Exports from Kuwait

In 2021, exports of anchovies (prepared or preserved) from Kuwait was estimated at less than X kg, stabilizing at the year before. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, preserved anchovies exports totaled less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Preserved Anchovies Imports

Imports into Kuwait

In 2021, preserved anchovies imports into Kuwait soared to X tons, increasing by 266% against 2020. Overall, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies imports skyrocketed to $X in 2021. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest preserved anchovies supplier to Kuwait, with a 42% share of total imports. Moreover, preserved anchovies imports from Spain exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+553.3% per year) and the Netherlands (-13.5% per year).

In value terms, Spain ($X) constituted the largest supplier of anchovies (prepared or preserved) to Kuwait, comprising 47% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-17.7% per year) and the Philippines (+610.0% per year).

Import Prices by Country

The average preserved anchovies import price stood at $X per ton in 2021, shrinking by -6.4% against the previous year. In general, the import price saw a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 10%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies consumption in 2021 were China, the United States and India, with a combined 27% share of global consumption. These countries were followed by Japan, Pakistan, Germany, Brazil, Russia, Indonesia, Nigeria, Italy, the UK and Bangladesh, which together accounted for a further 26%.

What are the largest producers of anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies production in 2021 were China, the United States and India, with a combined 27% share of global production. Japan, Pakistan, Brazil, Germany, Russia, Indonesia, Nigeria, Bangladesh, the UK and Mexico lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of anchovies (prepared or preserved) to Kuwait?

In value terms, Spain constituted the largest supplier of preserved anchovies to Kuwait, comprising 93% of total imports. The second position in the ranking was occupied by the Netherlands, with a 3.6% share of total imports.

What is the average import price for anchovies (prepared or preserved) in Kuwait?

The average preserved anchovies import price stood at $9,407 per ton in 2021, dropping by -21% against the previous year.

This report provides an in-depth analysis of the preserved anchovies 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:

Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023