Kuwait: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Kuwait

The Kuwaiti food manufacture machinery market surged to $X in 2021, rising by 161% 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). In general, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Exports

Exports from Kuwait

In 2021, overseas shipments of machinery for the preparation or manufacture of food or drink were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,930% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, food manufacture machinery exports soared to $X in 2021. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,476%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for food manufacture machinery exports from Kuwait, accounting for a 75% share of total exports. Moreover, food manufacture machinery exports to the Netherlands exceeded the volume sent to the second major destination, Bahrain (X units), eightfold. The third position in this ranking was held by Oman (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-11.5% per year) and Oman (-7.4% per year).

In value terms, the largest markets for food manufacture machinery exported from Kuwait were the United Arab Emirates ($X), the Netherlands ($X) and Bahrain ($X), together accounting for 26% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +138.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, surging by 11% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 104% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Food Manufacture Machinery Imports

Imports into Kuwait

Food manufacture machinery imports into Kuwait surged to X units in 2021, rising by 164% against 2020 figures. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports surged to $X in 2021. In general, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of food manufacture machinery imports to Kuwait, with a combined 53% share of total imports. These countries were followed by Taiwan (Chinese), France, Germany, India, Turkey and the United States, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Kuwait, comprising 30% of total imports. The second position in the ranking was taken by France ($X), with a 4.6% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.4% per year) and Germany (+3.9% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, waning by -9.4% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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