Kuwait: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Kuwait

In 2022, the Kuwaiti sugary soft drink market decreased by -0.6% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.8% against 2017 indices. Sugary soft drink consumption peaked at $X in 2021, and then declined modestly in the following year.

Sugary Soft Drink Production in Kuwait

In value terms, sugary soft drink production totaled $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 51%. Sugary soft drink production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from Kuwait

In 2022, after two years of decline, there was significant growth in overseas shipments of sugary soft drinks, when their volume increased by 37% to X litres. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 309% against the previous year. The exports peaked at X litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sugary soft drink exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 214% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X litres) was the main destination for sugary soft drink exports from Kuwait, accounting for a 80% share of total exports. Moreover, sugary soft drink exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X litres), tenfold. The third position in this ranking was taken by the United Arab Emirates (X litres), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+33.8% per year) and the United Arab Emirates (+108.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for sugary soft drinks exports from Kuwait, comprising 73% of total exports. The second position in the ranking was taken by Qatar ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+37.1% per year) and the United Arab Emirates (+101.9% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, which is down by -11.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per litre), while the average price for exports to Saudi Arabia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Kuwait

In 2022, approx. X litres of sugary soft drinks were imported into Kuwait; increasing by 5.6% on the previous year's figure. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 248% against the previous year. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sugary soft drink imports totaled $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 231% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ireland (X litres) constituted the largest sugary soft drink supplier to Kuwait, accounting for a 70% share of total imports. Moreover, sugary soft drink imports from Ireland exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X litres), tenfold. The third position in this ranking was held by the United States (X litres), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-6.0% per year) and the United States (+20.3% per year).

In value terms, Ireland ($X) constituted the largest supplier of sugary soft drinks to Kuwait, comprising 64% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5% share of total imports. It was followed by France, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-3.4% per year) and France (+50.9% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Austria ($X per litre), while the price for Bahrain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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