Kuwait: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Kuwait

The Kuwaiti mixes and doughs market fell slightly to $X in 2022, waning by -3.2% against the previous year. In general, consumption, however, continues to indicate a resilient increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mixes And Doughs Production in Kuwait

In value terms, mixes and doughs production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 2,543% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixes And Doughs Exports

Exports from Kuwait

In 2022, mixes and doughs exports from Kuwait skyrocketed to X tons, growing by 33% against the year before. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 236% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixes and doughs exports surged to $X in 2022. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2017 when exports increased by 261% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for mixes and doughs exports from Kuwait, with a 40% share of total exports. Moreover, mixes and doughs exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+38.5% per year) and the United Arab Emirates (+66.8% per year).

In value terms, Iraq ($X) emerged as the key foreign market for mixes and doughs exports from Kuwait, comprising 49% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+50.6% per year) and Saudi Arabia (+39.3% per year).

Export Prices by Country

The average mixes and doughs export price stood at $X per ton in 2022, with a decrease of -8.7% against the previous year. In general, the export price, however, continues to indicate a moderate increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Pakistan ($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 Cyprus (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Kuwait

In 2022, after two years of growth, there was decline in purchases abroad of mixes and doughs, when their volume decreased by -2.2% to X tons. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 51% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, mixes and doughs imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), the United States (X tons) and India (X tons) were the main suppliers of mixes and doughs imports to Kuwait, together comprising 53% of total imports. The Netherlands, Saudi Arabia, Germany, Belgium, the UK, Cyprus, Singapore, France, Malaysia and Turkey lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mixes and doughs to Kuwait, comprising 30% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Saudi Arabia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.2% per year) and Saudi Arabia (+2.0% per year).

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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