Kuwait: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Kuwait

In 2021, the Kuwaiti pineapple juice (single strength) market decreased by -3.5% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, posted a noticeable increase. Pineapple juice (single strength) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Pineapple Juice (Single Strength) in Kuwait

In value terms, pineapple juice (single strength) production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a dramatic decline. Over the period under review, production attained the peak level at $X in 2020, and then declined remarkably in the following year.

Exports of Pineapple Juice (Single Strength)

Exports from Kuwait

For the fourth consecutive year, Kuwait recorded growth in shipments abroad of pineapple juice (single strength), which increased by 77% to X tons in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2016 with an increase of 679% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, pineapple juice (single strength) exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 546% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for pineapple juice (single strength) exports from Kuwait, with a 98% share of total exports. It was followed by the United Arab Emirates (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +65.1%.

In value terms, Saudi Arabia ($X) remains the key foreign market for pineapple juice (single strength) exports from Kuwait, comprising 98% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +53.3%.

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, reducing by -2% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, 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 Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pineapple Juice (Single Strength)

Imports into Kuwait

In 2021, overseas purchases of pineapple juice (single strength) decreased by -15.3% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 410% against the previous year. Imports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, pineapple juice (single strength) imports fell rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 441% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest pineapple juice (single strength) supplier to Kuwait, accounting for a 59% share of total imports. Moreover, pineapple juice (single strength) imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +120.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+55.3% per year) and the United Arab Emirates (+19.6% per year).

In value terms, Saudi Arabia ($X), Spain ($X) and the United Arab Emirates ($X) were the largest pineapple juice (single strength) suppliers to Kuwait, with a combined 66% share of total imports.

Saudi Arabia, with a CAGR of +100.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, shrinking by -5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 76%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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