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Report Kuwait - Flours, Meals and Pellets of Fish - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Kuwait - Flours, Meals and Pellets of Fish - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Kuwait

In 2021, the Kuwaiti fish meals and pellet market decreased by -78.5% to $X, falling for the third consecutive year after seven years of growth. Over the period under review, consumption showed a pronounced reduction. Fish meals and pellet consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Kuwait

In 2017, overseas shipments of flours, meals and pellets of fish decreased by 0% to X tons for the first time since 2014, thus ending a two-year declining trend. In general, exports posted a significant expansion. The smallest decline of 99.9% was in 2015. Over the period under review, the exports hit record highs in 2017 and are likely to continue growth in the near future.

In value terms, fish meals and pellet exports amounted to $X in 2017. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2015. Over the period under review, the exports attained the maximum in 2017 and are likely to see steady growth in the near future.

Exports by Country

Jordan (X tons) was the main destination for fish meals and pellet exports from Kuwait, with a approx. 100% share of total exports.

From 2014 to 2017, the average annual rate of growth in terms of volume to Jordan was relatively modest.

From 2014 to 2017, the average annual rate of growth in terms of value to Jordan was relatively modest.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2017, leveling off at the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2014; however, from 2015 to 2017, the export prices stood at a somewhat lower figure.

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

From 2014 to 2017, the rate of growth in terms of prices for Jordan amounted to 0.0% per year.

Imports of Flours, Meals And Pellets Of Fish

Imports into Kuwait

In 2021, overseas purchases of flours, meals and pellets of fish decreased by -84.6% to X tons, falling for the third year in a row after seven years of growth. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 139% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fish meals and pellet imports dropped rapidly to $X in 2021. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2016 when imports increased by 203% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Jordan (X tons), the Philippines (X tons) and the United Arab Emirates (X kg) were the main suppliers of fish meals and pellet imports to Kuwait, together accounting for 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), South Korea ($X) and Japan ($X) appeared to be the largest fish meals and pellet suppliers to Kuwait, together comprising 64% of total imports.

South Korea, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of imports, among 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 fish meals and pellet import price stood at $X per ton in 2021, surging by 79% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fish meals and pellet import price increased by +83.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest fish meals and pellet consuming country worldwide, accounting for 17% of total volume. Moreover, fish meals and pellet consumption in China exceeded the figures recorded by the second-largest consumer, Pakistan, threefold. The third position in this ranking was occupied by the United States, with a 5.9% share.
China constituted the country with the largest volume of fish meals and pellet production, accounting for 20% of total volume. Moreover, fish meals and pellet production in China exceeded the figures recorded by the second-largest producer, Pakistan, threefold. The United States ranked third in terms of total production with a 6.8% share.
In value terms, Bahrain constituted the largest supplier of fish meals and pellet to Kuwait, comprising 63% of total imports. The second position in the ranking was occupied by Japan, with a 27% share of total imports.
The average fish meals and pellet export price stood at $1,385 per ton in 2017, approximately reflecting the previous year.
In 2020, the average fish meals and pellet import price amounted to $3,189 per ton, waning by -12.2% against the previous year.

This report provides an in-depth analysis of the market for fish meals and pellet 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 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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