Kuwait: Vegetable Product Market 2025

Vegetable Product Market Size in Kuwait

In 2022, the Kuwaiti vegetable product market decreased by -51.9% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vegetable Product Exports

Exports from Kuwait

After two years of growth, shipments abroad of vegetable products decreased by -8.1% to X tons in 2022. Over the period under review, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by 497% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, vegetable product exports expanded significantly to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 931%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and China (X tons) were the main destinations of vegetable product exports from Kuwait, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +52.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vegetable product exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and China ($X), together accounting for 97% of total exports.

Saudi Arabia, with a CAGR of +46.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 140%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to China ($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 Saudi Arabia (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Product Imports

Imports into Kuwait

In 2022, purchases abroad of vegetable products decreased by -60.4% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 186% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable product imports contracted rapidly to $X in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 135% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Iran (X tons) and Egypt (X tons) were the main suppliers of vegetable product imports to Kuwait, with a combined 62% share of total imports. Lebanon, Jordan, Palestine, the UK, India, Syrian Arab Republic, Turkey and Russia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +40.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vegetable products to Kuwait, comprising 47% of total imports. The second position in the ranking was held by Lebanon ($X), with a 15% share of total imports. It was followed by Jordan, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+15.9% per year) and Jordan (+6.6% per year).

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, growing by 51% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product import price increased by +114.6% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Russia ($X per ton), while the price for Egypt ($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 (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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