Kuwait: Vinegar Market 2024

Vinegar Market Size in Kuwait

The Kuwaiti vinegar market expanded rapidly to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Vinegar Production in Kuwait

In value terms, vinegar production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Vinegar production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vinegar Exports

Exports from Kuwait

After three years of decline, shipments abroad of vinegar increased by X% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vinegar exports skyrocketed to $X in 2022. Overall, exports saw a resilient increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for vinegar exports from Kuwait, with a X% share of total exports. Moreover, vinegar exports to Iraq exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was taken by Qatar (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Qatar (X% per year).

In value terms, the largest markets for vinegar exported from Kuwait were Iraq ($X), Malaysia ($X) and Qatar ($X), together comprising X% of total exports.

Among the main countries of destination, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average vinegar export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Jordan ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar Imports

Imports into Kuwait

In 2022, the amount of vinegar imported into Kuwait expanded to X tons, with an increase of X% on 2021 figures. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vinegar imports rose sharply to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Lebanon (X tons) and Saudi Arabia (X tons) were the main suppliers of vinegar imports to Kuwait, with a combined X% share of total imports. The United States, Italy, the Philippines and Japan lagged somewhat behind, together comprising a further X%.

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

In value terms, Saudi Arabia ($X), Lebanon ($X) and the United Arab Emirates ($X) constituted the largest vinegar suppliers to Kuwait, together comprising X% of total imports. Italy, the United States, the Philippines and Japan lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vinegar import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 Italy ($X per ton), while the price for the United Arab Emirates ($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 Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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