Kuwait: Cocoa Bean Market 2025

Cocoa Bean Market Size in Kuwait

In 2022, the Kuwaiti cocoa bean market decreased by -9.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a tangible expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Cocoa Bean Production in Kuwait

In value terms, cocoa bean production stood at $X in 2022 estimated in export price. Overall, production saw a sharp descent. The growth pace was the most rapid in 2017 when the production volume increased by 5,457,700%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The average yield of cocoa beans in Kuwait amounted to less than X kg per ha in 2022, approximately mirroring 2021. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cocoa beans production in Kuwait stood at less than X ha, leveling off at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Kuwait

In 2022, shipments abroad of cocoa beans was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 409%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, cocoa bean exports reduced to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 190%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for cocoa bean exports from Kuwait, accounting for a 88% share of total exports. Moreover, cocoa bean exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +15.5%.

In value terms, Saudi Arabia ($X) and Bahrain ($X) were the largest markets for cocoa bean exported from Kuwait worldwide.

Saudi Arabia, with a CAGR of +19.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, which is down by -28% against the previous year. Over the period under review, the export price, however, showed moderate growth. The growth pace was the most rapid in 2021 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Bean Imports

Imports into Kuwait

In 2022, after four years of growth, there was decline in purchases abroad of cocoa beans, when their volume decreased by -3.8% to X tons. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,012% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, cocoa bean imports amounted to $X in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 2,024% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cocoa bean supplier to Kuwait, accounting for a 55% share of total imports. Moreover, cocoa bean imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was held by the United States (X kg), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+70.3% per year) and the United States (+44.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa beans to Kuwait, comprising 73% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 6% share of total imports. It was followed by the United States, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+68.1% per year) and the United States (+29.4% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, picking up by 4.3% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa bean import price decreased by -1.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 the Netherlands ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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