Kuwait: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Kuwait

The Kuwaiti market for crispbread, rusks and toasted bread was estimated at $X in 2022, picking up by 6.4% 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). Over the period under review, consumption posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Kuwait

In 2022, approx. X tons of crispbread, rusks and toasted bread were exported from Kuwait; flattening at the previous year's figure. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 341% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread exports shrank slightly to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 385% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons), Saudi Arabia (X tons) and Iraq (X tons) were the main destinations of crispbread, rusk and toasted bread exports from Kuwait, together accounting for 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +44.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crispbread, rusk and toasted bread exported from Kuwait were Saudi Arabia ($X), Afghanistan ($X) and Jordan ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +44.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, which is down by -5.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Iraq ($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 Bahrain (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Kuwait

In 2022, imports of crispbread, rusks and toasted bread into Kuwait expanded to X tons, increasing by 3.6% against 2021. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 75% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread imports rose significantly to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Kuwait, accounting for a 88% share of total imports. It was followed by India (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and the United Arab Emirates (-20.4% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Kuwait, comprising 86% of total imports. The second position in the ranking was held by India ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.9% per year) and the United Arab Emirates (-6.3% per year).

Import Prices by Country

The average import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, growing by 3% against the previous year. In general, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 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 United Arab Emirates ($X per ton), while the price for India ($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 Arab Emirates (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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