Report Update Nov 1, 2024

Kuwait - Dried or Salted Fish - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Kuwait

In 2021, the Kuwaiti dried or salted fish market increased by 16% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Dried Or Salted Fish in Kuwait

In value terms, dried or salted fish production stood at $X in 2021 estimated in export price. Overall, production saw a pronounced decrease. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Dried Or Salted Fish

Exports from Kuwait

In 2021, overseas shipments of dried or salted fish decreased by -3.4% to X kg, falling for the fifth consecutive year after three years of growth. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 78%. Over the period under review, the exports hit record highs at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, dried or salted fish exports fell markedly to $X in 2021. In general, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 17%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X kg) was the main destination for dried or salted fish exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to -3.9%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for dried or salted fish exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to -21.5%.

Export Prices by Country

In 2021, the average dried or salted fish export price amounted to $X per ton, falling by -13.7% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to -18.3% per year.

Imports of Dried Or Salted Fish

Imports into Kuwait

In 2021, imports of dried or salted fish into Kuwait soared to X tons, jumping by 122% compared with the year before. In general, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried or salted fish imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Myanmar (X tons), Thailand (X tons) and Sri Lanka (X tons) were the main suppliers of dried or salted fish imports to Kuwait, together accounting for 45% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Thailand ($X) and India ($X) appeared to be the largest dried or salted fish suppliers to Kuwait, together accounting for 45% of total imports. Egypt, Myanmar, Iran and the Philippines lagged somewhat behind, together comprising a further 25%.

Egypt, with a CAGR of +25.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, surging by 2.5% against the previous year. In general, the import price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2020 an increase of 20%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.0%), 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 dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish consumption in 2020 were Indonesia, China and the Philippines, together comprising 31% of global consumption.

What are the largest producers of dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish production in 2020 were Indonesia, China and the Philippines, with a combined 35% share of global production. These countries were followed by India, the U.S., Norway, Portugal, Japan, Vietnam, Russia, Germany, Bangladesh and Angola, which together accounted for a further 28%.

What are the leading suppliers of dried or salted fish to Kuwait?

In value terms, Sri Lanka, India and Thailand appeared to be the largest dried or salted fish suppliers to Kuwait, together accounting for 59% of total imports.

What are the leading importers of dried or salted fish from Kuwait?

In value terms, Hong Kong SAR $697) remains the key foreign market for dried or salted fish exports from Kuwait.

What is the average export price for dried or salted fish in Kuwait?

The average dried or salted fish export price stood at $2,754 per ton in 2020, reducing by -7.6% against the previous year.

What is the average import price for dried or salted fish in Kuwait?

In 2020, the average dried or salted fish import price amounted to $2,126 per ton, approximately reflecting the previous year.

This report provides an in-depth analysis of the market for dried or salted fish 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:

Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202300 -

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023