Kuwait: Meat Dishes Market 2024

Meat Dishes Market Size in Kuwait

The Kuwaiti meat dishes market contracted to $X in 2022, with a decrease of -9.6% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable expansion. Meat dishes consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Meat Dishes Production in Kuwait

In value terms, meat dishes production skyrocketed to $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 264% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Meat Dishes Exports

Exports from Kuwait

In 2022, overseas shipments of meat dishes were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 371%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat dishes exports stood at $X in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 360% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for meat dishes exports from Kuwait, with a 49% share of total exports. Moreover, meat dishes exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Qatar (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+30.4% per year) and Qatar (+66.3% per year).

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) were the largest markets for meat dishes exported from Kuwait worldwide, together comprising 86% of total exports. Oman, Iraq and Jordan lagged somewhat behind, together comprising a further 10%.

In terms of the main countries of destination, Oman, with a CAGR of +74.6%, saw 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 meat dishes export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat dishes export price increased by +15.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 50%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Kuwait

In 2022, overseas purchases of meat dishes decreased by -50.6% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 60% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, meat dishes imports plummeted to $X in 2022. Overall, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2015 when imports increased by 59% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of meat dishes to Kuwait, with a 58% share of total imports. Moreover, meat dishes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. The third position in this ranking was held by Malaysia (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.6% per year) and Malaysia (-10.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of meat dishes to Kuwait, comprising 56% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total imports. It was followed by Malaysia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-4.3% per year) and Malaysia (-10.1% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, with a decrease of -12.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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