Kuwait: Canned Vegetable Market 2024

Canned Vegetable Market Size in Kuwait

In 2022, the Kuwaiti canned vegetable market decreased by -33.3% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Canned vegetable consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Canned Vegetable Exports

Exports from Kuwait

In 2022, shipments abroad of canned vegetables increased by 106% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by 287%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, canned vegetable exports surged to $X in 2022. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 275%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for canned vegetable exports from Kuwait, with a 63% share of total exports. Moreover, canned vegetable exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold. The third position in this ranking was taken by Iran (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-23.8% per year) and Iran (-7.7% per year).

In value terms, Iraq ($X) remains the key foreign market for canned vegetables exports from Kuwait, comprising 50% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Jordan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-21.7% per year) and Jordan (+1.4% per year).

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 ($X per ton), while the average price for exports to Oman ($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 (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Kuwait

In 2022, purchases abroad of canned vegetables decreased by -42.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, canned vegetable imports declined markedly to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 35% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of canned vegetable to Kuwait, accounting for a 24% share of total imports. Moreover, canned vegetable imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+16.7% per year) and Italy (-7.3% per year).

In value terms, the largest canned vegetable suppliers to Kuwait were the United Arab Emirates ($X), Lebanon ($X) and the United States ($X), together comprising 35% of total imports. Saudi Arabia, Italy, Spain, Turkey, Thailand, the UK, Greece, Egypt, France and China lagged somewhat behind, together accounting for a further 39%.

Saudi Arabia, with a CAGR of +19.6%, recorded the highest growth rate of the value of imports, among 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 canned vegetable import price amounted to $X per ton, growing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for China ($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 States (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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