Kuwait: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Kuwait

After two years of growth, the Kuwaiti tomato ketchup market decreased by -7.6% to $X in 2022. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Tomato Ketchup Production in Kuwait

In value terms, tomato ketchup production skyrocketed to $X in 2022 estimated in export price. In general, production saw a perceptible increase. The growth pace was the most rapid in 2020 when the production volume increased by 307% against the previous year. Tomato ketchup production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Tomato Ketchup Exports

Exports from Kuwait

In 2022, shipments abroad of tomato ketchup and tomato sauces decreased by -5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 285% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, tomato ketchup exports contracted slightly to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 201% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Qatar (X tons) was the main destination for tomato ketchup exports from Kuwait, accounting for a 55% share of total exports. Moreover, tomato ketchup exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was held by Jordan (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.9% per year) and Jordan (+28.6% per year).

In value terms, Qatar ($X) remains the key foreign market for tomato ketchup and tomato sauces exports from Kuwait, comprising 64% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports. It was followed by Jordan, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+8.3% per year) and Jordan (+25.1% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, growing by 2.3% against the previous year. Overall, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and Jordan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+1.1%), while the prices for the other major destinations experienced a decline.

Tomato Ketchup Imports

Imports into Kuwait

After three years of growth, purchases abroad of tomato ketchup and tomato sauces decreased by -7.5% to X tons in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, tomato ketchup imports contracted to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The United Arab Emirates (X tons), the United States (X tons) and Oman (X tons) were the main suppliers of tomato ketchup imports to Kuwait, with a combined 59% share of total imports. Saudi Arabia, Egypt, the Netherlands, Turkey and Malaysia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and the Netherlands ($X) appeared to be the largest tomato ketchup suppliers to Kuwait, together accounting for 54% of total imports. The United States, Oman, Egypt, Malaysia and Turkey lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Turkey, with a CAGR of +30.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, falling by -3.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 7.8% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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