Kuwait: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Kuwait

After two years of growth, the Kuwaiti buttermilk and buttermilk powder market decreased by -20.1% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Production of Buttermilk And Buttermilk Powder in Kuwait

In value terms, buttermilk and buttermilk powder production fell to $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 942%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Kuwait

In 2022, the amount of buttermilk and buttermilk powder exported from Kuwait reduced to X tons, waning by -6.3% compared with the previous year's figure. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 185% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, buttermilk and buttermilk powder exports fell to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 188% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for buttermilk and buttermilk powder exports from Kuwait, accounting for a 83% share of total exports. Moreover, buttermilk and buttermilk powder exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled +34.7%.

In value terms, Iraq ($X) remains the key foreign market for buttermilk and buttermilk powder exports from Kuwait, comprising 79% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +34.1%.

Export Prices by Country

The average buttermilk and buttermilk powder export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2.3%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.6%).

Imports of Buttermilk And Buttermilk Powder

Imports into Kuwait

After two years of growth, purchases abroad of buttermilk and buttermilk powder decreased by -24% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 92% against the previous year. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, buttermilk and buttermilk powder imports dropped notably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of buttermilk and buttermilk powder to Kuwait, with a 77% share of total imports. Moreover, buttermilk and buttermilk powder imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.9% per year) and the United Arab Emirates (+28.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of buttermilk and buttermilk powder to Kuwait, comprising 64% of total imports. The second position in the ranking was held by Turkey ($X), with a 24% share of total imports. It was followed by the United Arab Emirates, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.5% per year) and the United Arab Emirates (+33.3% per year).

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, growing by 6.2% against the previous year. Overall, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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