Kuwait: Canned Meat Market 2024

Canned Meat Market Size in Kuwait

After two years of decline, the Kuwaiti canned meat market increased by 3.1% to $X in 2021. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Canned Meat Production in Kuwait

In value terms, canned meat production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 90% against the previous year. Canned meat production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Canned Meat Exports

Exports from Kuwait

In 2021, overseas shipments of canned meat decreased by -52.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 214%. The exports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, canned meat exports contracted markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 343% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for canned meat exports from Kuwait, with a 59% share of total exports. Moreover, canned meat exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+18.2% per year) and the United Arab Emirates (+46.9% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for canned meat exports from Kuwait, comprising 48% of total exports. The second position in the ranking was taken by Qatar ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+61.9% per year) and the United Arab Emirates (+48.3% per year).

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, falling by -8.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 41%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Kuwait

In 2021, purchases abroad of canned meat decreased by -15.1% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 41% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined significantly in the following year.

In value terms, canned meat imports shrank to $X in 2021. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest canned meat supplier to Kuwait, accounting for a 53% share of total imports. Moreover, canned meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+10.3% per year) and Malaysia (-1.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of canned meat to Kuwait, comprising 48% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total imports. It was followed by Malaysia, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+13.1% per year) and Malaysia (-0.1% per year).

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, growing by 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 19%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Brazil ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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