Kuwait: Wine Market 2024

Wine Market Size in Kuwait

The Kuwaiti wine market contracted to $X in 2022, reducing by X% 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, posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Wine Exports

Exports from Kuwait

In 2021, overseas shipments of wine and grape must decreased by X% to X litres, falling for the second year in a row after two years of decline. Overall, exports showed a significant expansion. The smallest decline of X% was in 2020. Over the period under review, the exports attained the peak figure at X litres in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wine exports amounted to $X in 2021. In general, exports enjoyed a significant expansion. The smallest decline of X% was in 2020. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain (X litres) was the main destination for wine exports from Kuwait, with a X% share of total exports. Moreover, wine exports to Bahrain exceeded the volume sent to the second major destination, Saudi Arabia (X litres), fivefold.

From 2015 to 2021, the average annual growth rate of volume to Bahrain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and France (X% per year).

From 2015 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and France (X% per year).

Export Prices by Country

In 2021, the average wine export price amounted to $X per litre, almost unchanged from the previous year. In general, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2020 a decrease of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Saudi Arabia ($X per litre) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%).

Wine Imports

Imports into Kuwait

In 2022, supplies from abroad of wine and grape must decreased by X% to X litres, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X litres. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wine imports reduced to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X litres) constituted the largest wine supplier to Kuwait, accounting for a X% share of total imports. Moreover, wine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Belgium (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of wine and grape must to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average wine import price amounted to $X per litre, with an increase of X% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price 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, wine import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

Source: IndexBox Platform

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