Report Update Nov 1, 2024

Kuwait - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Kuwait

The Kuwaiti cherry and sour cherry market shrank significantly to $X in 2022, declining by -63.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Cherries and Sour Cherries

Exports from Kuwait

In 2021, after two years of decline, there was decline in overseas shipments of cherries and sour cherries, when their volume decreased by 0% to X tons. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 2,700% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cherry and sour cherry exports amounted to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 6,447%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for cherry and sour cherry exports from Kuwait, accounting for a 95% share of total exports. Moreover, cherry and sour cherry exports to Qatar exceeded the volume sent to the second major destination, Jordan (X tons), more than tenfold.

From 2013 to 2021, the average annual growth rate of volume to Qatar was relatively modest.

From 2013 to 2021, the average annual growth rate of value to Qatar was relatively modest.

Export Prices by Country

The average cherry and sour cherry export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2014 an increase of 134% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Qatar totaled $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+24.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cherries and Sour Cherries

Imports into Kuwait

For the third consecutive year, Kuwait recorded decline in purchases abroad of cherries and sour cherries, which decreased by -72.6% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 865%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cherry and sour cherry imports dropped significantly to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 1,290% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Lebanon (X tons) constituted the largest cherry and sour cherry supplier to Kuwait, with a 53% share of total imports. Moreover, cherry and sour cherry imports from Lebanon exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), fourfold. Jordan (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Lebanon was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (-14.9% per year) and Jordan (-18.7% per year).

In value terms, Lebanon ($X) constituted the largest supplier of cherries and sour cherries to Kuwait, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.4% share of total imports. It was followed by Australia, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lebanon amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.3% per year) and Australia (+5.4% per year).

Import Prices by Country

The average cherry and sour cherry import price stood at $X per ton in 2022, rising by 39% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 71%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries and sour cherries in the world?

The country with the largest volume of cherry and sour cherry consumption was Turkey, accounting for 21% of total volume. Moreover, cherry and sour cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, Russia, twofold. The third position in this ranking was occupied by the United States, with an 8.1% share.

What are the largest producers of cherries and sour cherries in the world?

The country with the largest volume of cherry and sour cherry production was Turkey, comprising approx. 22% of total volume. Moreover, cherry and sour cherry production in Turkey exceeded the figures recorded by the second-largest producer, the United States, twofold. Russia ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of cherries and sour cherries to Kuwait?

In value terms, Lebanon constituted the largest supplier of cherry and sour cherry to Kuwait, comprising 74% of total imports. The second position in the ranking was occupied by Australia, with a 6.8% share of total imports. It was followed by Turkey, with a 3.8% share.

What are the leading importers of cherries and sour cherries from Kuwait?

In value terms, Iraq remains the key foreign market for cherry and sour cherry exports from Kuwait.

What is the average export price for cherries and sour cherries in Kuwait?

The average cherry and sour cherry export price stood at $464 per ton in 2018, reducing by -5.3% against the previous year.

What is the average import price for cherries and sour cherries in Kuwait?

In 2021, the average cherry and sour cherry import price amounted to $5,809 per ton, with an increase of 27% against the previous year.

This report provides an in-depth analysis of the market for cherry and sour cherry in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 530 - Sour cherries
FCL 531 - Cherries

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023