Report Update Nov 1, 2024

Kuwait - Coconut - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Coconut Market 2024

Coconut Market Size in Kuwait

After five years of growth, the Kuwaiti coconut market decreased by -71.8% to $X in 2022. Over the period under review, consumption recorded a noticeable downturn. Coconut consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Coconut Exports

Exports from Kuwait

In 2022, the amount of coconuts exported from Kuwait fell dramatically to X tons, reducing by -59.1% compared with 2021 figures. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 805% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports amounted to $X in 2022. Over the period under review, exports showed a noticeable setback. The pace of growth was the most pronounced in 2016 when exports increased by 433% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for coconut exports from Kuwait, with a 79% share of total exports. Moreover, coconut exports to Iraq exceeded the volume sent to the second major destination, Qatar (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X kg), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-4.1% per year) and the United Arab Emirates (-3.1% per year).

In value terms, the largest markets for coconut exported from Kuwait were Qatar ($X), Iraq ($X) and the United Arab Emirates ($X), with a combined 94% share of total exports.

Iraq, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, jumping by 146% against the previous year. In general, the export price recorded noticeable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iraq ($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 Iraq (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Kuwait

In 2022, coconut imports into Kuwait shrank significantly to X tons, with a decrease of -69.6% on 2021 figures. Overall, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, coconut imports shrank remarkably to $X in 2022. In general, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 172%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of coconut to Kuwait, with a 68% share of total imports. Moreover, coconut imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.3% per year) and Thailand (+92.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of coconuts to Kuwait, comprising 55% of total imports. The second position in the ranking was held by India ($X), with a 23% share of total imports. It was followed by Thailand, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.5% per year) and Thailand (+102.0% per year).

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, with a decrease of -13.5% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut import price decreased by -30.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.7%), 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 coconuts in the world?

The countries with the highest volumes of in 2020 were Indonesia, India and the Philippines, together accounting for 73% of global consumption. These countries were followed by Brazil, Sri Lanka, Vietnam, Papua New Guinea and China, which together accounted for a further 14%.

What are the largest producers of coconuts in the world?

The countries with the highest volumes of in 2020 were Indonesia, India and the Philippines, together accounting for 74% of global production. Brazil, Sri Lanka, Vietnam and Papua New Guinea lagged somewhat behind, together comprising a further 12%.

What are the leading suppliers of coconuts to Kuwait?

In value terms, India constituted the largest supplier of coconut to Kuwait, comprising 75% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 7.8% share of total imports. It was followed by Thailand, with a 6% share.

What is the average export price for coconuts in Kuwait?

In 2020, the average coconut export price amounted to $507 per ton, stabilizing at the previous year.

What is the average import price for coconuts in Kuwait?

The average coconut import price stood at $1,107 per ton in 2020, which is down by -12% against the previous year.

This report provides an in-depth analysis of the coconut market 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 249 - Coconuts

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