Kuwait: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Kuwait

The Kuwaiti whole fresh milk market reduced slightly to $X in 2022, flattening at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Whole fresh milk consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Kuwait

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Whole fresh milk production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Whole Fresh Milk Exports

Exports from Kuwait

Whole fresh milk exports from Kuwait skyrocketed to X tons in 2022, rising by 30% on 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 563%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, whole fresh milk exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 562% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for whole fresh milk exports from Kuwait, accounting for a 83% share of total exports. Moreover, whole fresh milk exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold. Qatar (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+27.3% per year) and Qatar (+105.6% per year).

In value terms, Iraq ($X) remains the key foreign market for whole fresh milk exports from Kuwait, comprising 82% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.3% share of total exports. It was followed by Qatar, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+33.8% per year) and Qatar (+91.2% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, with a decrease of -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Iraq ($X per ton), while the average price for exports to Qatar ($X per ton) and Jordan ($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 Jordan (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Kuwait

After three years of decline, purchases abroad of whole fresh milk increased by 18% to X tons in 2022. In general, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 369% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports soared to $X in 2022. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 443% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X tons), Saudi Arabia (X tons) and Italy (X tons) were the main suppliers of whole fresh milk imports to Kuwait, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +79.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest whole fresh milk suppliers to Kuwait were Bahrain ($X), Saudi Arabia ($X) and Italy ($X), with a combined 92% share of total imports.

Italy, with a CAGR of +53.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, growing by 7.6% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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