Kuwait: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Kuwait

In 2022, after two years of growth, there was significant decline in the Kuwaiti market for mixed condiments, sauses and seasonings, when its value decreased by -5.3% to $X. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Mixed Condiments, Sauses and Seasonings in Kuwait

In value terms, mixed condiment, sause and seasoning production shrank dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic decline. The growth pace was the most rapid in 2016 with an increase of 25,180% against the previous year. Mixed condiment, sause and seasoning production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Kuwait

In 2022, overseas shipments of mixed condiments, sauses and seasonings increased by 145% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 234% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 235%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Jordan (X tons), the United States (X tons) and the UK (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Kuwait, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +146.3%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), the United States ($X) and the UK ($X) appeared to be the largest markets for mixed condiment, sause and seasoning exported from Kuwait worldwide, together accounting for 99% of total exports.

The United States, with a CAGR of +168.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, shrinking by -52.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 158%. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Jordan ($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 the United States (+9.1%), while the prices for the other major destinations experienced a decline.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Kuwait

After five years of growth, overseas purchases of mixed condiments, sauses and seasonings decreased by -5.5% to X tons in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, mixed condiment, sause and seasoning imports shrank modestly to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 25%. Imports peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest mixed condiment, sause and seasoning supplier to Kuwait, accounting for a 49% share of total imports. Moreover, mixed condiment, sause and seasoning imports from the United States exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), fivefold. The third position in this ranking was taken by Turkey (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+21.2% per year) and Turkey (+30.6% per year).

In value terms, the United States ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Kuwait, comprising 41% of total imports. The second position in the ranking was taken by Italy ($X), with a 7% share of total imports. It was followed by the UK, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.0% per year) and the UK (+16.7% per year).

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2016 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Turkey ($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 (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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