Kuwait: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Kuwait

The Kuwaiti market for candies, sweets, and nonchocolate confectionery skyrocketed to $X in 2022, growing by 69% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.4% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Candies, Sweets, and Nonchocolate Confectionery in Kuwait

In value terms, candy, sweets, and nonchocolate confectionery production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a slight shrinkage. The growth pace was the most rapid in 2013 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Kuwait

After two years of growth, shipments abroad of candies, sweets, and nonchocolate confectionery decreased by -69.9% to X tons in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 69% against the previous year. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, candy, sweets, and nonchocolate confectionery exports contracted markedly to $X in 2022. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 62%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons), Yemen (X tons) and the United Arab Emirates (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Kuwait, together comprising 56% of total exports. Jordan, Saudi Arabia, Sudan, Oman and Qatar lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +23.0%), while shipments for the other leaders experienced a decline.

In value terms, Jordan ($X), Iraq ($X) and the United Arab Emirates ($X) were the largest markets for candy, sweets, and nonchocolate confectionery exported from Kuwait worldwide, together comprising 49% of total exports. Saudi Arabia, Yemen, Oman, Sudan and Qatar lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Oman, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, dropping by -7.9% against the previous year. Overall, the export price recorded a pronounced setback. The growth pace was the most rapid in 2020 an increase of 7.1% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq ($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 Qatar (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Kuwait

In 2022, overseas purchases of candies, sweets, and nonchocolate confectionery increased by 5% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 48% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports dropped remarkably to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 47% against the previous year. Imports peaked at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Kuwait, together comprising 31% of total imports. Belgium, the United States, Saudi Arabia, Spain, Indonesia, Germany, Thailand, Jordan, Russia and Italy lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Kuwait, comprising 23% of total imports. The second position in the ranking was held by Russia ($X), with a 10% share of total imports. It was followed by Turkey, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.5% per year) and Turkey (+3.0% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, waning by -25% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery import price decreased by -28.9% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 23%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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