Kuwait: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Kuwait

For the third year in a row, the Kuwaiti market for processed cheese (excluding grated or powdered) recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption showed a perceptible curtailment. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Kuwait

In value terms, production of processed cheese (excluding grated or powdered) stood at $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in years to come.

Exports of Processed cheese (excluding grated or powdered)

Exports from Kuwait

In 2020, exports of processed cheese (excluding grated or powdered) from Kuwait skyrocketed to X tons, with an increase of X% on the previous year. In general, exports saw a temperate expansion. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2020. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Saudi Arabia (X tons), Bahrain (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Kuwait, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in the United Arab Emirates, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from Kuwait were Saudi Arabia ($X), Bahrain ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

In terms of the main countries of destination, Bahrain recorded the highest growth rate of 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

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure in 2020 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Kuwait

In 2020, overseas purchases of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) reduced notably to $X in 2020. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Saudi Arabia (X tons), Bahrain (X tons) and Turkey (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Kuwait, with a combined X% share of total imports. These countries were followed by Denmark, Poland, Egypt, Jordan, France, Australia, the U.S. and Belgium, which together accounted for a further X 2007 to 2020, the biggest increases were in Belgium, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X), Bahrain ($X) and Turkey ($X) appeared to be the largest processed cheese (excluding grated or powdered) suppliers to Kuwait, together comprising X% of total imports. Poland, France, Jordan, Australia, Denmark, Egypt, the U.S. and Belgium lagged somewhat behind, together comprising a further X saw 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 mixed trend patterns.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2016 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jordan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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