Kuwait: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Kuwait

The Kuwaiti prepared dish and meal market skyrocketed to $X in 2021, increasing by 39% 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, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.3% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Prepared Dishes And Meals

Exports from Kuwait

Prepared dish and meal exports from Kuwait skyrocketed to X tons in 2021, rising by 78% on 2020. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports soared to $X in 2021. Overall, exports continue to indicate a strong expansion. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for prepared dish and meal exports from Kuwait, with a 85% share of total exports. Moreover, prepared dish and meal exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+4.0% per year) and the United Arab Emirates (-30.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for prepared dishes and meals exports from Kuwait, comprising 72% of total exports. The second position in the ranking was taken by Jordan ($X), with a 26% share of total exports. It was followed by the United Arab Emirates, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+10.6% per year) and the United Arab Emirates (-25.1% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, with an increase of 5.5% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal export price decreased by -15.5% against 2016 indices. The growth pace was the most rapid in 2015 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Kuwait

In 2021, approx. X tons of prepared dishes and meals were imported into Kuwait; increasing by 30% compared with 2020. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of prepared dish and meal imports to Kuwait, together comprising 20% of total imports. Italy, Saudi Arabia, Malaysia, Egypt, the United States, Turkey, Thailand, India and the UK lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest prepared dish and meal suppliers to Kuwait, together comprising 20% of total imports. These countries were followed by Belgium, Egypt, the UK, the Netherlands, Malaysia, Saudi Arabia, Turkey, India and Thailand, which together accounted for a further 25%.

Saudi Arabia, with a CAGR of +26.9%, saw the highest growth rate of 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 prepared dish and meal import price stood at $X per ton in 2021, with an increase of 9.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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