Kuwait: Tomato Puree Market 2024

Tomato Puree Market Size in Kuwait

The Kuwaiti tomato puree market skyrocketed to $X in 2022, increasing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Tomato Puree Exports

Exports from Kuwait

In 2022, shipments abroad of tomato puree and paste increased by 7.4% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 244% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tomato puree exports reached $X in 2022. In general, exports saw a tangible increase. The pace of growth appeared the most rapid in 2013 when exports increased by 160%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for tomato puree exports from Kuwait, accounting for a 55% share of total exports. Moreover, tomato puree exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), twofold. Iraq (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-0.2% per year) and Iraq (-15.6% per year).

In value terms, the largest markets for tomato puree exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and Iraq ($X), together comprising 92% of total exports. Jordan and Bahrain lagged somewhat behind, together accounting for a further 8.4%.

Among the main countries of destination, Jordan, with a CAGR of +1.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tomato puree export price stood at $X per ton in 2022, waning by -3.9% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2021 when the average export price increased by 7.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($X per ton) and Iraq ($X per ton), while the average price for exports to Jordan ($X per ton) and Saudi Arabia ($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 Iraq (+1.5%), while the prices for the other major destinations experienced a decline.

Tomato Puree Imports

Imports into Kuwait

In 2022, the amount of tomato puree and paste imported into Kuwait skyrocketed to X tons, with an increase of 20% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tomato puree imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 34% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of tomato puree imports to Kuwait, with a combined 63% share of total imports. China, Italy, the United Arab Emirates, Oman and Turkey lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Portugal ($X) were the largest tomato puree suppliers to Kuwait, with a combined 59% share of total imports. China, Italy, the United Arab Emirates, Oman and Turkey lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, China, with a CAGR of +29.1%, saw 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 puree import price stood at $X per ton in 2022, falling by -3.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Oman ($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 United Arab Emirates (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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