Kuwait: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Kuwait

In 2021, after five years of growth, there was significant decline in the Kuwaiti rusks and toasted bread market, when its value decreased by -11.3% to $X. Over the period under review, consumption, however, posted a strong increase. Rusks and toasted bread consumption peaked at $X in 2020, and then reduced in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Kuwait

Rusks and toasted bread exports from Kuwait rose markedly to X tons in 2021, surging by 9.5% against 2020 figures. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 593%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, rusks and toasted bread exports totaled $X in 2021. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 680% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Afghanistan (X tons) and Qatar (X tons) were the main destinations of rusks and toasted bread exports from Kuwait, with a combined 81% share of total exports. Jordan, Iraq, Bahrain and the United Arab Emirates lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +96.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Kuwait, comprising 50% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 23% share of total exports. It was followed by Qatar, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+16.4% per year) and Qatar (+45.0% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, rising by 1.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 54% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq ($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 Jordan (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Kuwait

In 2021, after four years of growth, there was significant decline in overseas purchases of rusks, toasted bread and similar toasted products, when their volume decreased by -6.5% to X tons. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 76% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, rusks and toasted bread imports reduced to $X in 2021. Overall, imports, however, recorded resilient growth. The growth pace was the most rapid in 2017 when imports increased by 52% against the previous year. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of rusks and toasted bread to Kuwait, accounting for a 87% share of total imports. It was followed by the United States (X tons), with a 2.7% share of total imports. The third position in this ranking was taken by India (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.4% per year) and India (+15.2% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Kuwait, comprising 82% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.4% share of total imports. It was followed by India, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.2% per year) and India (+22.4% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, waning by -5.1% against the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13% against the previous year. 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 the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($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 United Arab Emirates (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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