Kuwait: Green Bean Market 2024

Green Bean Market Size in Kuwait

The Kuwaiti green bean market soared to $X in 2022, increasing by 35% against the previous year. Overall, consumption recorded a tangible increase. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Green Bean Production in Kuwait

In value terms, green bean production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 76% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average green bean yield in Kuwait rose slightly to X tons per ha, increasing by 4% against the previous year. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 57%. Over the period under review, the average green bean yield hit record highs at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area in Kuwait dropped modestly to X ha in 2022, standing approx. at 2021. In general, the harvested area, however, enjoyed a modest increase. The pace of growth was the most pronounced in 2017 with an increase of 144% against the previous year. The green bean harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Green Bean Exports

Exports from Kuwait

Green bean exports from Kuwait fell rapidly to X tons in 2022, declining by -18.4% against 2021 figures. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2014 with an increase of 438% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, green bean exports contracted to $X in 2022. Overall, exports faced a sharp slump. The pace of growth was the most pronounced in 2014 when exports increased by 506%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for green bean exports from Kuwait, accounting for a 81% share of total exports. Moreover, green bean exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X kg), fivefold. The third position in this ranking was taken by Iran (X kg), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-21.6% per year) and Iran (+1.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for green beans exports from Kuwait, comprising 54% of total exports. The second position in the ranking was held by Bahrain ($X), with a 26% share of total exports. It was followed by Iran, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-23.5% per year) and Iran (+5.8% per year).

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, growing by 13% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 21%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Green Bean Imports

Imports into Kuwait

In 2022, green bean imports into Kuwait skyrocketed to X tons, growing by 115% compared with the previous year. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 209% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, green bean imports skyrocketed to $X in 2022. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 164% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X tons), Jordan (X tons) and Saudi Arabia (X tons) were the main suppliers of green bean imports to Kuwait, together comprising 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +58.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest green bean suppliers to Kuwait were Lebanon ($X), India ($X) and Syrian Arab Republic ($X), with a combined 62% share of total imports.

Lebanon, with a CAGR of +52.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average green bean import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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