Kuwait - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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Pimenta Pepper Market Size in Kuwait
In 2022, after two years of growth, there was significant decline in the Kuwaiti pimenta pepper market, when its value decreased by -15% to $X. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Pimenta pepper consumption peaked at $X in 2021, and then declined in the following year.
Pimenta Pepper Exports
Exports from Kuwait
After two years of growth, overseas shipments of pimenta pepper decreased by -93.9% to X tons in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by 639% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.
In value terms, pimenta pepper exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 1,750% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.
Exports by Country
Saudi Arabia (X tons) was the main destination for pimenta pepper exports from Kuwait, accounting for a 81% share of total exports. Moreover, pimenta pepper exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), tenfold. The third position in this ranking was taken by Oman (X kg), with a 4.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+49.7% per year) and Oman (+23.9% per year).
In value terms, Saudi Arabia ($X) remains the key foreign market for pimenta pepper exports from Kuwait, comprising 77% of total exports. The second position in the ranking was taken by Qatar ($X), with an 8.9% share of total exports. It was followed by Oman, with a 7.3% share.
From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+33.6% per year) and Oman (+80.7% per year).
Export Prices by Country
The average pimenta pepper export price stood at $X per ton in 2022, picking up by 8.4% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 150%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($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 Oman (+45.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pimenta Pepper Imports
Imports into Kuwait
In 2022, after three years of growth, there was significant decline in supplies from abroad of pimenta pepper, when their volume decreased by -43.5% to X tons. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.
In value terms, pimenta pepper imports dropped remarkably to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 38% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.
Imports by Country
In 2022, India (X tons) constituted the largest supplier of pimenta pepper to Kuwait, with a 52% share of total imports. Moreover, pimenta pepper imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Pakistan (X tons), with a 6% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.4% per year) and Pakistan (+1.4% per year).
In value terms, India ($X) constituted the largest supplier of pimenta pepper to Kuwait, comprising 48% of total imports. The second position in the ranking was taken by Egypt ($X), with a 7.1% share of total imports. It was followed by China, with a 6.9% share.
From 2012 to 2022, the average annual growth rate of value from India stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+66.7% per year) and China (+15.4% per year).
Import Prices by Country
The average pimenta pepper import price stood at $X per ton in 2022, with an increase of 50% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pimenta pepper import price increased by +82.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the pimenta pepper market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 689 - Pimento
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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