Kuwait: Tilapias Market 2022

Tilapias Market Size in Kuwait

The Kuwaiti tilapias market reduced to $X in 2021, declining by -X% against the previous year. In general, the total consumption indicated buoyant growth 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 2016 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Tilapias Production in Kuwait

In value terms, tilapias production rose to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tilapias Exports

Exports from Kuwait

In 2021, approx. less than X kg of tilapias were exported from Kuwait; remaining constant against the previous year. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tilapias exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2013, the average annual rate of growth in terms of volume to Iraq was relatively modest.

From 2012 to 2013, the average annual growth rate of value to Iraq was relatively modest.

Export Prices by Country

The average tilapias export price stood at $X per ton in 2013, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2013, the rate of growth in terms of prices for Iraq amounted to X% per year.

Tilapias Imports

Imports into Kuwait

Tilapias imports into Kuwait shrank markedly to X tons in 2021, dropping by -X% against 2020 figures. Over the period under review, imports saw a perceptible decline. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, tilapias imports contracted to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Egypt (X tons) and China (X tons) were the main suppliers of tilapias imports to Kuwait, with a combined X% share of total imports. These countries were followed by Thailand and India, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of tilapias to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Thailand (-X% per year).

Import Prices by Country

The average tilapias import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price 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, tilapias import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Egypt ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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