Kuwait: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Kuwait

The Kuwaiti market for salted, dried or smoked meat, and offal fell to $X in 2022, with a decrease of -6.1% against the previous year. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Kuwait

In value terms, production of salted, dried or smoked meat, and offal shrank to $X in 2022 estimated in export price. Overall, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 112%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Kuwait

In 2022, exports of salted, dried or smoked meat, and offal from Kuwait reduced to X tons, which is down by -12.8% on 2021. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 1,112% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal amounted to $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 698% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Kuwait, with a 78% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X kg), sixfold. Bahrain (X kg) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-8.9% per year) and Bahrain (-4.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Kuwait, comprising 70% of total exports. The second position in the ranking was taken by Qatar ($X), with a 15% share of total exports. It was followed by Bahrain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled -19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-12.8% per year) and Bahrain (-5.5% per year).

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, picking up by 15% against the previous year. In general, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Italy ($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 Bahrain (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Kuwait

Imports of salted, dried or smoked meat, and offal into Kuwait dropped to X tons in 2022, with a decrease of -2.7% compared with the previous year's figure. In general, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 791% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of salted, dried or smoked meat, and offal dropped rapidly to $X in 2022. Overall, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 579%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Kuwait, with a 53% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Pakistan exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.0% per year) and the United Arab Emirates (+39.9% per year).

In value terms, the largest salted, dried or smoked meat, and offal suppliers to Kuwait were the United Arab Emirates ($X), Pakistan ($X) and the United States ($X), together accounting for 94% of total imports.

The United Arab Emirates, with a CAGR of +40.8%, saw the highest growth rate of the value of imports, among 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 salted, dried or smoked meat, and offal stood at $X per ton in 2022, declining by -17.4% against the previous year. Overall, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform