Kuwait: Tomato Juice Market 2024

Tomato Juice Market Size in Kuwait

The Kuwaiti tomato juice market dropped rapidly to $X in 2022, with a decrease of -17.2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Tomato juice consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Tomato Juice Production in Kuwait

In value terms, tomato juice production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 26%. Tomato juice production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Tomato Juice Exports

Exports from Kuwait

Tomato juice exports from Kuwait surged to X tons in 2022, rising by 54% on the year before. Over the period under review, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 286% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato juice exports soared to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 334% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for tomato juice exports from Kuwait, with a 47% share of total exports. Moreover, tomato juice exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. The third position in this ranking was held by Jordan (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+18.3% per year) and Jordan (+8.3% per year).

In value terms, Saudi Arabia ($X), Bahrain ($X) and Jordan ($X) appeared to be the largest markets for tomato juice exported from Kuwait worldwide, with a combined 87% share of total exports. Qatar and the United Arab Emirates lagged somewhat behind, together comprising a further 13%.

In terms of the main countries of destination, Qatar, with a CAGR of +25.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, declining by -4.2% against the previous year. Overall, the export price showed a perceptible downturn. The growth pace was the most rapid in 2014 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Saudi Arabia ($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 Bahrain (+4.1%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into Kuwait

In 2022, supplies from abroad of tomato juice was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 191%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports dropped slightly to $X in 2022. Overall, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2018 when imports increased by 207% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of tomato juice to Kuwait, accounting for a 82% share of total imports. Moreover, tomato juice imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold. The third position in this ranking was taken by Syrian Arab Republic (X kg), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-27.8% per year) and Syrian Arab Republic (-27.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of tomato juice to Kuwait, comprising 71% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.6% share of total imports. It was followed by Italy, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-7.9% per year) and Italy (-20.7% per year).

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, with a decrease of -22.9% against the previous year. In general, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 71% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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