Report Update Nov 1, 2024

Kuwait - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Kuwait

After two years of growth, the Kuwaiti market for frozen scallops, including queen scallop decreased by -68.1% to $X in 2021. Overall, consumption showed a abrupt downturn. Frozen scallops, including queen scallop consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Kuwait

In 2019, exports of frozen scallops, including queen scallop from Kuwait contracted notably to X kg, which is down by -95.8% compared with 2018 figures. Over the period under review, exports saw a sharp reduction. The exports peaked at X tons in 2018, and then contracted markedly in the following year.

In value terms, frozen scallops, including queen scallop exports contracted sharply to $X in 2019. Overall, exports recorded a sharp descent. The exports peaked at $X in 2018, and then shrank dramatically in the following year.

Exports by Country

Qatar (X kg) was the main destination for frozen scallops, including queen scallop exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2018 to 2019, the average annual growth rate of volume to Qatar was relatively modest.

In value terms, Qatar ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from Kuwait.

From 2018 to 2019, the average annual rate of growth in terms of value to Qatar was relatively modest.

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2019, jumping by 755% against the previous year. Overall, the export price posted significant growth. 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 Qatar.

From 2018 to 2019, the rate of growth in terms of prices for Iraq amounted to 0.0% per year.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Kuwait

In 2021, after two years of growth, there was significant decline in supplies from abroad of frozen scallops, including queen scallop, when their volume decreased by -77.3% to X tons. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 94%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports reduced notably to $X in 2021. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2015 when imports increased by 216% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest frozen scallops, including queen scallop supplier to Kuwait, with a 65% share of total imports. Moreover, frozen scallops, including queen scallop imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.3% per year) and Japan (+17.1% per year).

In value terms, the United Arab Emirates ($X), Japan ($X) and the United States ($X) constituted the largest frozen scallops, including queen scallop suppliers to Kuwait, together accounting for 99% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +22.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, rising by 86% against the previous year. In general, the import price recorded a prominent increase. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat 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 Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.1%), 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 scallops, including queen scallop in the world?

Japan remains the largest frozen scallops, including queen scallop consuming country worldwide, accounting for 44% of total volume. Moreover, frozen scallops, including queen scallop consumption in Japan exceeded the figures recorded by the second-largest consumer, China, threefold. Argentina ranked third in terms of total consumption with a 12% share.

What are the largest producers of frozen scallops, including queen scallop in the world?

Japan constituted the country with the largest volume of frozen scallops, including queen scallop production, accounting for 47% of total volume. Moreover, frozen scallops, including queen scallop production in Japan exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by Argentina, with an 11% share.

What are the leading suppliers of frozen scallops, including queen scallop to Kuwait?

In value terms, the United Arab Emirates constituted the largest supplier of frozen scallops, including queen scallop to Kuwait, comprising 53% of total imports. The second position in the ranking was occupied by India, with a 21% share of total imports. It was followed by Canada, with an 11% share.

What is the average export price for frozen scallops, including queen scallop in Kuwait?

The average export price for frozen scallops, including queen scallop stood at $3,339 per ton in 2019, reducing by -5.6% against the previous year.

What is the average import price for frozen scallops, including queen scallop in Kuwait?

The average import price for frozen scallops, including queen scallop stood at $7,531 per ton in 2021, surging by 10% against the previous year.

This report provides an in-depth analysis of the market for frozen scallops, including queen scallop 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