Kuwait: Spinach Market 2024

Spinach Market Size in Kuwait

In 2022, after two years of growth, there was significant decline in the Kuwaiti spinach market, when its value decreased by -9.6% to $X. In general, consumption saw a noticeable shrinkage. Spinach consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Spinach Production in Kuwait

In value terms, spinach production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The pace of growth appeared the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of spinach in Kuwait dropped modestly to X tons per ha in 2022, leveling off at 2021. Overall, the yield showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the yield increased by 3.6%. Over the period under review, the average spinach yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spinach harvested area in Kuwait dropped to X ha in 2022, with a decrease of -5.3% compared with the year before. In general, the harvested area recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 29%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the spinach harvested area failed to regain momentum.

Spinach Exports

Exports from Kuwait

In 2016, approx. X tons of spinach were exported from Kuwait; approximately reflecting the year before. Over the period under review, exports recorded a remarkable increase. The smallest decline of -87.1% was in 2014. Over the period under review, the exports reached the maximum in 2016 and are likely to see gradual growth in the immediate term.

In value terms, spinach exports totaled $X in 2016. Overall, exports showed a significant contraction. The smallest decline of -93.5% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2016, the exports failed to regain momentum.

Exports by Country

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

From 2013 to 2016, the average annual growth rate of volume to Iraq was relatively modest.

From 2013 to 2016, the average annual growth rate of value to Iraq was relatively modest.

Export Prices by Country

In 2016, the average spinach export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a precipitous contraction. The pace of growth was the most pronounced in 2014 a decrease of -50.1% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, 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 Iraq.

From 2013 to 2016, the rate of growth in terms of prices for Jordan amounted to -50.5% per year.

Spinach Imports

Imports into Kuwait

After four years of growth, purchases abroad of spinach decreased by -16% to X tons in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 262% against the previous year. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, spinach imports fell rapidly to $X in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 131% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of spinach to Kuwait, accounting for a 36% share of total imports. Moreover, spinach imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 3.1% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+28.7% per year) and Belgium (+104.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of spinach to Kuwait, comprising 45% of total imports. The second position in the ranking was held by Egypt ($X), with a 1.7% share of total imports. It was followed by Sri Lanka, with a 1.5% share.

From 2013 to 2022, the average annual growth rate of value from the Netherlands amounted to +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+25.9% per year) and Sri Lanka (+37.1% per year).

Import Prices by Country

In 2022, the average spinach import price amounted to $X per ton, dropping by -6.2% against the previous year. Overall, import price indicated a prominent increase from 2013 to 2022: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spinach import price decreased by -15.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 63%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 the Netherlands ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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