Kuwait: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Kuwait

For the third year in a row, the Kuwaiti nuts (prepared or preserved) market recorded growth in sales value, which increased by 25% to $X in 2021. In general, consumption posted a resilient expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Nuts (Prepared Or Preserved) in Kuwait

In value terms, nuts (prepared or preserved) production shrank to $X in 2021 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 101% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Nuts (Prepared Or Preserved)

Exports from Kuwait

In 2021, overseas shipments of nuts (prepared or preserved) decreased by -48.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 298%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, nuts (prepared or preserved) exports dropped sharply to $X in 2021. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 253%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Bahrain (X tons) were the main destinations of nuts (prepared or preserved) exports from Kuwait, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nuts (prepared or preserved) exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and Bahrain ($X), together comprising 96% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +52.6%, 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 more modest paces of growth.

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nuts (prepared or preserved) export price increased by +71.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Kuwait

After two years of decline, overseas purchases of nuts (prepared or preserved) increased by 52% to X tons in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) imports soared to $X in 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of nuts (prepared or preserved) imports to Kuwait, with a combined 69% share of total imports. These countries were followed by Turkey, Jordan, Sri Lanka, Lebanon, the Philippines, China and Saudi Arabia, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +142.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts (prepared or preserved) suppliers to Kuwait were the United Arab Emirates ($X), the United States ($X) and Turkey ($X), together accounting for 60% of total imports. India, Jordan, Lebanon, Saudi Arabia, Sri Lanka, the Philippines and China lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Jordan, with a CAGR of +123.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nuts (prepared or preserved) import price stood at $X per ton in 2021, declining by -15.7% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2020, and then shrank rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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