Kuwait: Beef Market 2025

Beef Market Size in Kuwait

In 2021, the Kuwaiti beef market increased by 18% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Beef Production in Kuwait

In value terms, beef production contracted to $X in 2021 estimated in export price. In general, production posted buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by 54% against the previous year. Beef production peaked at $X in 2020, and then declined in the following year.

The average yield of beef (cattle meat) in Kuwait expanded to X kg per head in 2021, with an increase of 3.7% against the previous year. Over the period under review, the yield indicated noticeable growth from 2012 to 2021: its figure increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, beef yield decreased by -23.1% against 2019 indices. The growth pace was the most rapid in 2019 when the yield increased by 31% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2020 to 2021, the growth of the average beef yield remained at a lower figure.

In 2021, number of animals slaughtered for beef production in Kuwait fell slightly to X heads, with a decrease of -2% compared with the previous year's figure. This number increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. As a result, the amount of animals produced attained the peak level of X heads. From 2018 to 2021, the growth of this number remained at a lower figure.

Beef Exports

Exports from Kuwait

In 2021, shipments abroad of beef (cattle meat) decreased by -36.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 120% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, beef exports dropped notably to $X in 2021. Overall, exports recorded a noticeable descent. The growth pace was the most rapid in 2013 when exports increased by 92%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Jordan (X tons) were the main destinations of beef exports from Kuwait, together accounting for 74% of total exports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +33.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), the United Arab Emirates ($X) and Jordan ($X) appeared to be the largest markets for beef exported from Kuwait worldwide, with a combined 75% share of total exports.

Qatar, with a CAGR of +40.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average beef export price amounted to $X per ton, growing by 15% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, beef export price increased by +91.9% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 62%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India ($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 States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Kuwait

In 2021, supplies from abroad of beef (cattle meat) increased by 3.6% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, beef imports surged to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 29% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Paraguay (X tons) and Pakistan (X tons) were the main suppliers of beef imports to Kuwait, together comprising 47% of total imports. China, Australia, South Africa, the United States, Brazil, Saudi Arabia and New Zealand lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beef suppliers to Kuwait were South Africa ($X), Pakistan ($X) and Paraguay ($X), with a combined 39% share of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +24.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beef import price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +5.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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