Report Update Nov 1, 2024

Kuwait - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Yoghurt Market 2024

Yoghurt Market Size in Kuwait

The Kuwaiti yoghurt market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed a significant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Yoghurt Exports

Exports from Kuwait

In 2022, shipments abroad of yoghurt increased by 12% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 1,426%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, yoghurt exports declined to $X in 2022. In general, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 1,342% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for yoghurt exports from Kuwait, with a 83% share of total exports. Moreover, yoghurt exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-18.4% per year) and Iraq (-38.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for yoghurt exports from Kuwait, comprising 90% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-11.7% per year) and Iraq (-33.4% per year).

Export Prices by Country

In 2022, the average yoghurt export price amounted to $X per ton, dropping by -16.6% against the previous year. Overall, the export price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 Iraq (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Kuwait

In 2022, after two years of decline, there was significant growth in purchases abroad of yoghurt, when their volume increased by 40% to X tons. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 311% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports skyrocketed to $X in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 358% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main yoghurt supplier to Kuwait, accounting for a approx. 94% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to +47.1%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of yoghurt to Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia stood at +38.6%.

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, falling by -9.7% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -5.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yoghurt in the world?

The countries with the highest volumes of yoghurt consumption in 2021 were China, the United States and India, together accounting for 33% of global consumption. Japan, Germany, Russia, Pakistan, Nigeria, the UK, Brazil, Bangladesh, Mexico and Italy lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of yoghurt in the world?

The countries with the highest volumes of yoghurt production in 2021 were China, the United States and Germany, with a combined 33% share of global production. India, Japan, Russia, Pakistan, France, Nigeria, Brazil, Bangladesh, Saudi Arabia and Mexico lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of yoghurt to Kuwait?

In value terms, Saudi Arabia constituted the largest supplier of yoghurt to Kuwait.

What are the leading importers of yoghurt from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for yoghurt exports from Kuwait, comprising 84% of total exports. The second position in the ranking was occupied by Iraq, with a 7.5% share of total exports.

What is the average export price for yoghurt in Kuwait?

In 2021, the average yoghurt export price amounted to $1,435 per ton, shrinking by -2.6% against the previous year.

What is the average import price for yoghurt in Kuwait?

The average yoghurt import price stood at $1,262 per ton in 2021, picking up by 3.3% against the previous year.

This report provides an in-depth analysis of the yoghurt market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 891 - Yoghurt

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023