Kuwait: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Kuwait

After two years of decline, the Kuwaiti sheep and goat meat market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Sheep and goat meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Kuwait

In value terms, sheep and goat meat production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Sheep and goat meat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sheep and goat meat in Kuwait was estimated at X kg per head, approximately reflecting the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2020 to 2022, the growth of the average sheep and goat meat yield failed to regain momentum.

In 2022, the number of animals slaughtered for sheep and goat meat production in Kuwait contracted to X heads, remaining stable against the year before. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2016; however, from 2017 to 2022, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Kuwait

In 2022, 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. Over the period under review, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports shrank to $X in 2022. In general, exports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Iraq (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 Iraq exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Saudi Arabia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Saudi Arabia ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Kuwait

In 2022, sheep and goat meat imports into Kuwait fell slightly to X tons, waning by X% against 2021. In general, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports declined to $X in 2022. Overall, imports, however, recorded a mild increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest sheep and goat meat supplier to Kuwait, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Turkey (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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