Kuwait: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in Kuwait

The Kuwaiti market for jams, jellies, puree and pastes amounted to $X in 2021, remaining constant against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.4% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Jams, Jellies, Puree And Pastes in Kuwait

In value terms, jam, jelly, puree and paste production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The growth pace was the most rapid in 2020 with an increase of 91%. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Exports of Jams, Jellies, Puree And Pastes

Exports from Kuwait

In 2021, shipments abroad of jams, jellies, puree and pastes decreased by -67.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 221% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then reduced rapidly in the following year.

In value terms, jam, jelly, puree and paste exports fell notably to $X in 2021. In general, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 144%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for jam, jelly, puree and paste exports from Kuwait, accounting for a 50% share of total exports. Moreover, jam, jelly, puree and paste exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Oman (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-17.5% per year) and Oman (+73.8% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for jams, jellies, puree and pastes exports from Kuwait, comprising 56% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 23% share of total exports. It was followed by Bahrain, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-22.6% per year) and Bahrain (-15.9% per year).

Export Prices by Country

In 2021, the average export price for jams, jellies, puree and pastes amounted to $X per ton, waning by -19.6% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2016 an increase of 82% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Oman ($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 (+6.7%), while the prices for the other major destinations experienced a decline.

Imports of Jams, Jellies, Puree And Pastes

Imports into Kuwait

In 2021, the amount of jams, jellies, puree and pastes imported into Kuwait soared to X tons, increasing by 54% on the previous year. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, jam, jelly, puree and paste imports skyrocketed to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +65.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of jam, jelly, puree and paste to Kuwait, with a 35% share of total imports. Moreover, jam, jelly, puree and paste imports from India exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+8.8% per year) and Saudi Arabia (-6.2% per year).

In value terms, the largest jam, jelly, puree and paste suppliers to Kuwait were Lebanon ($X), India ($X) and France ($X), together accounting for 38% of total imports. Saudi Arabia, Egypt, Malaysia, the United Arab Emirates, Belgium, Turkey, the Netherlands, the United States and China lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Malaysia, with a CAGR of +43.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for jams, jellies, puree and pastes stood at $X per ton in 2021, with a decrease of -14.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :