Report Update Nov 1, 2024

Kuwait - Inedible Fish Products - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Kuwait

The Kuwaiti inedible fish products market fell modestly to $X in 2022, which is down by -1.9% against the previous year. In general, consumption, however, showed mild growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Kuwait

In value terms, inedible fish products production declined modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 46%. Inedible fish products production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Inedible Fish Products Exports

Exports from Kuwait

For the third consecutive year, Kuwait recorded growth in overseas shipments of inedible fish products, which increased by 517% to X kg in 2022. In general, exports, however, showed a precipitous curtailment. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports soared to $X in 2022. Overall, exports, however, saw a dramatic shrinkage. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for inedible fish products exports from Kuwait, with a approx. 2.7% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest.

From 2018 to 2022, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, which is down by -42.8% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell remarkably in the following year.

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

From 2018 to 2022, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Inedible Fish Products Imports

Imports into Kuwait

After three years of growth, overseas purchases of inedible fish products decreased by -9.3% to X tons in 2022. Overall, imports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2016 when imports increased by 1,124% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, inedible fish products imports dropped significantly to $X in 2022. Over the period under review, imports showed a mild decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 1,176%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

China (X kg), the Netherlands (X kg) and South Africa (X kg) were the main suppliers of inedible fish products imports to Kuwait, together accounting for 59% of total imports. Thailand, the United States, Belgium, the UK, Germany and Russia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +47.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), South Africa ($X) and China ($X) constituted the largest inedible fish products suppliers to Kuwait, with a combined 62% share of total imports.

The Netherlands, with a CAGR of +66.1%, recorded the highest rates of growth with regard to 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 inedible fish products import price stood at $X per ton in 2022, with a decrease of -8.1% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 82% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+33.4%), 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 inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global consumption.

What are the largest producers of inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global production.

What are the leading suppliers of inedible fish products to Kuwait?

In value terms, the United States, Germany and South Africa constituted the largest inedible fish products suppliers to Kuwait, together accounting for 59% of total imports. Poland, China, the UK and Belgium lagged somewhat behind, together comprising a further 25%.

What is the average export price for inedible fish products in Kuwait?

The average inedible fish products export price stood at $4,527 per ton in 2018, approximately mirroring the previous year.

What is the average import price for inedible fish products in Kuwait?

The average inedible fish products import price stood at $34,425 per ton in 2021, falling by -11.7% against the previous year.

This report provides an in-depth analysis of the inedible fish products 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)

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