Report Update Nov 1, 2024

Kuwait - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Frozen Lobster Market 2024

Frozen Lobster Market Size in Kuwait

In 2022, the Kuwaiti frozen lobster market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Frozen Lobster Exports

Exports from Kuwait

In 2015, approx. X kg of frozen lobster were exported from Kuwait; waning by -20.1% against 2014 figures. Overall, exports showed a abrupt decline. The smallest decline of -19.8% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

In value terms, frozen lobster exports reduced dramatically to $X in 2015. Over the period under review, exports saw a abrupt descent. The smallest decline of -17.8% was in 2014. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for frozen lobster 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 the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for frozen lobster exports from Kuwait.

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

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2015, picking up by 2.8% against the previous year. Over the period from 2013 to 2015, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2015, the rate of growth in terms of prices for Jordan amounted to -47.1% per year.

Frozen Lobster Imports

Imports into Kuwait

After two years of decline, purchases abroad of frozen lobster increased by 37% to X tons in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, frozen lobster imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 103%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of frozen lobster to Kuwait, with a 73% share of total imports. Moreover, frozen lobster imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+21.4% per year) and India (-21.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen lobster to Kuwait, comprising 79% of total imports. The second position in the ranking was held by Pakistan ($X), with a 6.2% share of total imports. It was followed by India, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+26.7% per year) and India (-20.1% per year).

Import Prices by Country

The average frozen lobster import price stood at $X per ton in 2022, shrinking by -6.5% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster import price increased by +30.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+12.6%), 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 lobster in the world?

The United States remains the largest frozen lobster consuming country worldwide, accounting for 45% of total volume. Moreover, frozen lobster consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, threefold. China ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of frozen lobster in the world?

Canada constituted the country with the largest volume of frozen lobster production, accounting for 89% of total volume. It was followed by India, with a 2.3% share of total production.

What are the leading suppliers of frozen lobster to Kuwait?

In value terms, the United Arab Emirates constituted the largest supplier of frozen lobster to Kuwait, comprising 63% of total imports. The second position in the ranking was occupied by Oman, with an 11% share of total imports. It was followed by Canada, with a 9.3% share.

What is the average export price for frozen lobster in Kuwait?

The average frozen lobster export price stood at $15,413 per ton in 2015, standing approx. at the previous year.

What is the average import price for frozen lobster in Kuwait?

The average frozen lobster import price stood at $14,224 per ton in 2021, with a decrease of -7.2% against the previous year.

This report provides an in-depth analysis of the frozen lobster 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:

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