Kuwait: Dried Grapes Market 2024

Dried Grapes Market Size in Kuwait

After two years of growth, the Kuwaiti dried grapes market decreased by -10.3% to $X in 2022. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2018 indices. Dried grapes consumption peaked at $X in 2021, and then contracted in the following year.

Dried Grapes Exports

Exports from Kuwait

In 2022, shipments abroad of dried grapes decreased by -45.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 909%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, dried grapes exports contracted rapidly to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 1,329%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), France (X tons) and Qatar (X tons) were the main destinations of dried grapes exports from Kuwait, with a combined 84% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +166.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried grapes exported from Kuwait were Oman ($X), Qatar ($X) and France ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of +250.3%, saw the highest growth rate of 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

The average dried grapes export price stood at $X per ton in 2022, reducing by -1.6% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 50%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Iran ($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 Seychelles (+85.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Grapes Imports

Imports into Kuwait

In 2022, purchases abroad of dried grapes decreased by -8.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, dried grapes imports fell to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 -2.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of dried grapes to Kuwait, accounting for a 78% share of total imports. Moreover, dried grapes imports from Iran exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Afghanistan (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Iran stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+45.8% per year) and Afghanistan (+31.9% per year).

In value terms, Iran ($X) constituted the largest supplier of dried grapes to Kuwait, comprising 75% of total imports. The second position in the ranking was held by India ($X), with a 5.6% share of total imports. It was followed by Afghanistan, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.7% per year) and Afghanistan (+35.3% per year).

Import Prices by Country

In 2022, the average dried grapes import price amounted to $X per ton, dropping by -3.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 18%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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