Report Update Nov 1, 2024

Kuwait - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Kuwait

The Kuwaiti frozen fish meat market surged to $X in 2021, jumping by 20% 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 saw prominent growth. Frozen fish meat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Frozen Fish Meat Exports

Exports from Kuwait

In 2015, the amount of frozen fish meat exported from Kuwait amounted to X kg, stabilizing at the previous year's figure. Overall, exports showed a sharp decrease. The smallest decline of 99.9% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

In value terms, frozen fish meat exports amounted to $X in 2015. In general, exports showed a sharp contraction. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for frozen fish meat exports from Kuwait, with a approx. 100% share of total exports.

From 2013 to 2015, the average annual rate of growth in terms of volume to Bahrain was relatively modest.

From 2013 to 2015, the average annual growth rate of value to Bahrain was relatively modest.

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2015, approximately equating the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2014 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2015, 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 Bahrain.

From 2013 to 2015, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Frozen Fish Meat Imports

Imports into Kuwait

In 2021, frozen fish meat imports into Kuwait skyrocketed to X tons, jumping by 35% compared with 2020 figures. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 223%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, frozen fish meat imports soared to $X in 2021. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 256%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Vietnam (X tons) and Myanmar (X tons) were the main suppliers of frozen fish meat imports to Kuwait, together accounting for 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen fish meat to Kuwait, comprising 36% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total imports. It was followed by Uganda, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+0.5% per year) and Uganda (+36.4% per year).

Import Prices by Country

The average frozen fish meat import price stood at $X per ton in 2021, waning by -13.8% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fish meat import price decreased by -17.3% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 45% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+5.4%), 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 frozen fish meat in the world?

The countries with the highest volumes of frozen fish meat consumption in 2020 were Japan, South Korea and China, with a combined 36% share of global consumption. Russia, the United States, Thailand, Faroe Islands, Poland, Argentina, France, Vietnam, Germany and Taiwan Chinese) lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of frozen fish meat in the world?

The countries with the highest volumes of frozen fish meat production in 2020 were the United States, Vietnam and Norway, with a combined 48% share of global production. These countries were followed by India, China, Faroe Islands, Argentina, Russia, Bahrain, Indonesia, Japan, Thailand and the Netherlands, which together accounted for a further 39%.

What are the leading suppliers of frozen fish meat to Kuwait?

In value terms, South Africa constituted the largest supplier of frozen fish meat to Kuwait, comprising 63% of total imports. The second position in the ranking was occupied by Vietnam, with a 12% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

What is the average export price for frozen fish meat in Kuwait?

In 2015, the average frozen fish meat export price amounted to $9,805 per ton, almost unchanged from the previous year.

What is the average import price for frozen fish meat in Kuwait?

In 2020, the average frozen fish meat import price amounted to $4,385 per ton, growing by 67% against the previous year.

This report provides an in-depth analysis of the frozen fish meat market 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 10201500 - Frozen fish meat without bones (excluding fillets)

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