Kuwait: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Kuwait

The Kuwaiti grapefruit juice (single strength) market contracted rapidly to $X in 2021, falling by -39.8% against the previous year. Overall, consumption continues to indicate a perceptible curtailment. Grapefruit juice (single strength) consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Grapefruit Juice (Single Strength) in Kuwait

In value terms, grapefruit juice (single strength) production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 64% against the previous year. Grapefruit juice (single strength) production peaked at $X in 2020, and then dropped dramatically in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports from Kuwait

Grapefruit juice (single strength) exports from Kuwait contracted rapidly to X tons in 2021, which is down by -43.4% on 2020 figures. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,613% against the previous year. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, grapefruit juice (single strength) exports shrank remarkably to $X in 2021. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,095%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for grapefruit juice (single strength) exports from Kuwait, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +22.7%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for grapefruit juice (single strength) exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +25.6%.

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, standing approx. at the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) export price increased by +29.1% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 44%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +2.4% per year.

Imports of Grapefruit Juice (Single Strength)

Imports into Kuwait

In 2021, the amount of grapefruit juice (single strength) imported into Kuwait skyrocketed to X tons, growing by 250% compared with the previous year. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 2,417%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports surged to $X in 2021. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 2,442%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of grapefruit juice (single strength) imports to Kuwait, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +142.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the largest grapefruit juice (single strength) suppliers to Kuwait, with a combined 80% share of total imports.

The United Arab Emirates, with a CAGR of +85.6%, recorded 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 grapefruit juice (single strength) import price stood at $X per ton in 2021, falling by -18.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 46%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained 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 India ($X per ton), while the price for Austria ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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