Kuwait: Bottled Water Market 2024

Bottled Water Market Size in Kuwait

The Kuwaiti bottled water market fell to $X in 2022, reducing by -5.5% against the previous year. In general, consumption, however, posted strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Bottled Water Production in Kuwait

In value terms, bottled water production declined to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 93%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Bottled Water Exports

Exports from Kuwait

For the fourth year in a row, Kuwait recorded decline in overseas shipments of bottled waters, which decreased by -12.9% to X tons in 2022. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 357%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, bottled water exports surged to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 987% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for bottled water exports from Kuwait, with a 942% share of total exports. Moreover, bottled water exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 37% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-33.6% per year) and the United Arab Emirates (-20.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for bottled waters exports from Kuwait, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.5% share of total exports. It was followed by Iraq, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-24.0% per year) and Iraq (-33.6% per year).

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per ton, surging by 421% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Iraq ($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 Bahrain (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Kuwait

Bottled water imports into Kuwait declined to X tons in 2022, shrinking by -10.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, bottled water imports dropped to $X in 2022. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2019 when imports increased by 64%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Free Zones (X tons), Norway (X tons) and France (X tons) were the main suppliers of bottled water imports to Kuwait, together comprising 23% of total imports. These countries were followed by Turkey, Italy, Bahrain, Lebanon, Saudi Arabia, the UK, Jordan, Qatar and the United Arab Emirates, which together accounted for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +51.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of bottled waters to Kuwait, comprising 34% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Norway, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.8% per year) and Norway (+27.7% per year).

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, with an increase of 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2019 an increase of 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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