Kuwait: Prepared Mustard Market 2024

Prepared Mustard Market Size in Kuwait

After nine years of growth, the Kuwaiti prepared mustard market decreased by -9.4% to $X in 2021. In general, consumption, however, recorded a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Prepared Mustard Production in Kuwait

In value terms, prepared mustard production fell to $X in 2021 estimated in export price. In general, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Prepared Mustard Exports

Exports from Kuwait

In 2021, after two years of growth, there was significant decline in shipments abroad of prepared mustard, when their volume decreased by -65.6% to X kg. In general, exports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2019 when exports increased by 715%. The exports peaked at X kg in 2020, and then reduced rapidly in the following year.

In value terms, prepared mustard exports dropped markedly to $X in 2021. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,528% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Qatar (X kg) was the main destination for prepared mustard exports from Kuwait, accounting for a 79% share of total exports. Moreover, prepared mustard exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to -3.4%.

In value terms, Qatar ($X) remains the key foreign market for prepared mustard exports from Kuwait, comprising 84% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +9.3%.

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, growing by 46% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 100% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Bahrain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Kuwait

In 2021, approx. X tons of prepared mustard were imported into Kuwait; with a decrease of -11.7% on 2020 figures. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 81% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared mustard imports reached $X in 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 174%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest prepared mustard supplier to Kuwait, with a 42% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-4.4% per year) and France (+16.9% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to Kuwait, comprising 34% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Egypt, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.1% per year) and Egypt (-3.3% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, with an increase of 30% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared mustard import price increased by +85.1% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 51%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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 the UK ($X per ton), while the price for the United Arab Emirates ($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 United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :