Kuwait: Canned Meat Market 2024

Canned Meat Market Size in Kuwait

The Kuwaiti canned meat market stood at $X in 2023, surging by X% against the previous year. Overall, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Canned Meat Production in Kuwait

In value terms, canned meat production skyrocketed to $X in 2023 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Canned Meat Exports

Exports from Kuwait

In 2023, the amount of canned meat exported from Kuwait dropped to X tons, declining by X% compared with 2022 figures. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, canned meat exports shrank significantly to $X in 2023. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for canned meat exports from Kuwait, accounting for a X% share of total exports. Moreover, canned meat exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold. Bahrain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Bahrain (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for canned meat exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with an X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the average canned meat export price amounted to $X per ton, approximately reflecting the previous year. Overall, export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, canned meat export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Kuwait

In 2023, imports of canned meat into Kuwait fell to X tons, with a decrease of X% compared with 2022 figures. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, canned meat imports declined to $X in 2023. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

Brazil (X tons), Malaysia (X tons) and Turkey (X tons) were the main suppliers of canned meat imports to Kuwait, together accounting for X% of total imports. Egypt, Denmark, Uruguay and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Malaysia ($X) and Turkey ($X) appeared to be the largest canned meat suppliers to Kuwait, with a combined X% share of total imports. Egypt, Uruguay, Denmark and the United States lagged somewhat behind, together accounting for a further X%.

Uruguay, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 canned meat import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, 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