Report Update Nov 1, 2024

Kuwait - Sardines (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Preserved Sardines Market 2024

Preserved Sardines Market Size in Kuwait

In 2022, the Kuwaiti preserved sardines market decreased by -1.8% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption continues to indicate a pronounced setback. Preserved sardines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Preserved Sardines Production in Kuwait

In value terms, preserved sardines production expanded notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43,450% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from Kuwait

Preserved sardines exports from Kuwait shrank remarkably to X tons in 2022, dropping by -31.6% against the previous year. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 984% against the previous year. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, preserved sardines exports fell markedly to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 2,244%. The exports peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Iran (X tons) was the main destination for preserved sardines exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iran totaled +67.6%.

In value terms, Iran ($X) emerged as the key foreign market for sardines (prepared or preserved) exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Iran totaled +89.5%.

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, increasing by 6.3% against the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 126% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Iran.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +14.0% per year.

Preserved Sardines Imports

Imports into Kuwait

In 2022, the amount of sardines (prepared or preserved) imported into Kuwait fell to X tons, dropping by -8.3% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 39%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, preserved sardines imports shrank modestly to $X in 2022. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Morocco (X tons), the Philippines (X tons) and Indonesia (X tons) were the main suppliers of preserved sardines imports to Kuwait, with a combined 84% share of total imports. Thailand, China, France and Oman lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constituted the largest supplier of sardines (prepared or preserved) to Kuwait, comprising 54% of total imports. The second position in the ranking was held by the Philippines ($X), with a 17% share of total imports. It was followed by Indonesia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Morocco totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+7.3% per year) and Indonesia (+26.3% per year).

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, growing by 6.1% against the previous year. In general, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sardines (prepared or preserved) in the world?

The country with the largest volume of preserved sardines consumption was China, comprising approx. 18% of total volume. Moreover, preserved sardines consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.7% share.

What are the largest producers of sardines (prepared or preserved) in the world?

The countries with the highest volumes of preserved sardines production in 2021 were China, Morocco and the United States, together accounting for 33% of global production. India, Indonesia, Thailand, Japan, Russia, Pakistan, Brazil, Bangladesh, Vietnam and South Korea lagged somewhat behind, together accounting for a further 32%.

What are the leading suppliers of sardines (prepared or preserved) to Kuwait?

In value terms, Morocco constituted the largest supplier of preserved sardines to Kuwait, comprising 53% of total imports. The second position in the ranking was occupied by the Philippines, with a 23% share of total imports. It was followed by Indonesia, with a 14% share.

What are the leading importers of sardines (prepared or preserved) from Kuwait?

In value terms, Iran remains the key foreign market for preserved sardines exports from Kuwait.

What is the average export price for sardines (prepared or preserved) in Kuwait?

In 2021, the average preserved sardines export price amounted to $2,644 per ton, reducing by -18.6% against the previous year.

What is the average import price for sardines (prepared or preserved) in Kuwait?

In 2021, the average preserved sardines import price amounted to $2,600 per ton, which is down by -9.9% against the previous year.

This report provides an in-depth analysis of the preserved sardines market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023