Kuwait: Canned Food Market 2024

Canned Food Market Size in Kuwait

The Kuwaiti canned food market expanded notably to $X in 2021, growing by 7.3% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.2% against 2019 indices. Canned food consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Canned Food Production in Kuwait

In value terms, canned food production declined to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 331% against the previous year. Canned food production peaked at $X in 2020, and then shrank in the following year.

Canned Food Exports

Exports from Kuwait

In 2021, overseas shipments of canned food decreased by -20.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2014 with an increase of 112% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, canned food exports reduced notably to $X in 2021. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 78%. The exports peaked at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for canned food exports from Kuwait, with a 64% share of total exports. Moreover, canned food exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), fourfold. The third position in this ranking was held by Qatar (X tons), with an 8.4% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+8.1% per year) and Qatar (+14.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for canned food exports from Kuwait, comprising 46% of total exports. The second position in the ranking was held by Qatar ($X), with a 9.8% share of total exports. It was followed by Iraq, with a 4.4% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Saudi Arabia totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+39.8% per year) and Iraq (+11.7% per year).

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, picking up by 12% against the previous year. Over the last eight-year period, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2019 an increase of 36%. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Kuwait

In 2021, approx. X tons of canned food were imported into Kuwait; falling by -6.3% on 2020. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, canned food imports stood at $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 35%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Italy (X tons) constituted the largest canned food supplier to Kuwait, accounting for a approx. less than 0.1% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Italy totaled -62.8%.

In value terms, Italy ($X) constituted the largest supplier of canned food to Kuwait.

From 2012 to 2020, the average annual growth rate of value from Italy stood at -59.8%.

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, shrinking by -14% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2019, and then reduced in the following year.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2020, the rate of growth in terms of prices for Syrian Arab Republic amounted to +13.0% per year.

Source: IndexBox Platform

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