Liqueurs and Cordials Price in Kuwait - 2022
Contents:
Liqueurs and Cordials Price in Kuwait (CIF) - 2022
The average liqueurs and cordials import price stood at $7 per litre in 2022, dropping by -12.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53%. As a result, import price reached the peak level of $8.9 per litre. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($16 per litre), while the price for the United Arab Emirates amounted to $6.8 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.4%).
Liqueurs and Cordials Imports in Kuwait
Liqueurs and cordials imports into Kuwait soared to 22K litres in 2022, increasing by 23% against 2021 figures. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28%. As a result, imports reached the peak of 26K litres. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, liqueurs and cordials imports expanded remarkably to $151K in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of $161K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Liqueurs and Cordials in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 121 | 149 | 129 | 144 | 6.0% |
| Thailand | 14.0 | 11.8 | 10.7 | 6.1 | -24.2% |
| Others | 0.5 | 0.2 | 0.7 | 0.1 | -41.5% |
| Total | 136 | 161 | 140 | 151 | 3.5% |
Top Suppliers of Liqueurs and Cordials to Kuwait in 2022:
- United Arab Emirates (21.2K litres)
- Thailand (0.4K litres)
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