Kuwait: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Kuwait

The Kuwaiti sheep and goat meat market amounted to $X in 2021, picking up by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Sheep And Goat Meat in Kuwait

In value terms, sheep and goat meat production rose remarkably to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

In 2021, the average yield of sheep and goat meat in Kuwait expanded rapidly to X kg per head, growing by X% compared with the previous year's figure. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head. From 2015 to 2021, the growth of the average sheep and goat meat yield failed to regain momentum.

The number of animals slaughtered for sheep and goat meat production in Kuwait totaled X heads in 2021, increasing by X% against the year before. This number increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the number of producing animals increased by X%. As a result, the number of producing animals reached the peak level of X heads. From 2020 to 2021, the growth of this number failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Kuwait

In 2021, after two years of growth, there was significant decline in shipments abroad of sheep and goat meat, when their volume decreased by -X% to X tons. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, sheep and goat meat exports fell remarkably to $X in 2021. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Qatar (X tons) was the main destination for sheep and goat meat exports from Kuwait, with a X% share of total exports. Moreover, sheep and goat meat exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), ninefold.

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

In value terms, Qatar ($X) remains the key foreign market for sheep and goat meat exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price posted a temperate increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+X%).

Imports of Sheep And Goat Meat

Imports into Kuwait

In 2021, overseas purchases of sheep and goat meat decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2020, and then reduced sharply in the following year.

In value terms, sheep and goat meat imports reduced sharply to $X in 2021. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, Pakistan (X tons) constituted the largest supplier of sheep and goat meat to Kuwait, with a X% share of total imports. Moreover, sheep and goat meat imports from Pakistan exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. Ethiopia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Pakistan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Ethiopia (+X% per year).

In value terms, Pakistan ($X) constituted the largest supplier of sheep and goat meat to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Ethiopia ($X), with an X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Pakistan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ethiopia (+X% per year) and Romania (+X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform