Live Fish Price in Kuwait - 2021
Contents:
- Live Fish Price in Kuwait (CIF) - 2021
- Live Fish Price in Kuwait (FOB) - 2022
- Live Fish Imports in Kuwait
- Live Fish Exports in Kuwait
Live Fish Price in Kuwait (CIF) - 2021
In December 2021, the average live fish import price amounted to $16,996 per ton, approximately equating the previous month. Overall, the import price saw a modest increase. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 86% against the previous month. As a result, import price reached the peak level of $26,098 per ton. From November 2021 to December 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was India ($29,267 per ton), while the price for Sri Lanka ($9,955 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Live Fish Price in Kuwait (FOB) - 2022
The average live fish export price stood at $5,095 per ton in 2022, with a decrease of -2.8% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 58% against the previous year. Over the period under review, the average export prices attained the maximum at $6,022 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +38.5% per year.
Live Fish Imports in Kuwait
In 2022, live fish imports into Kuwait declined sharply to 87 tons, falling by -28% on the year before. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 139% against the previous year. As a result, imports attained the peak of 121 tons, and then declined significantly in the following year.
In value terms, live fish imports contracted remarkably to $1.5M in 2022. In general, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 131%.
| Import of Live Fish in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 258 | 158 | 345 | 322 | 7.7% |
| Thailand | 683 | 203 | 280 | 320 | -22.3% |
| Indonesia | 168 | 172 | 248 | 231 | 11.2% |
| Singapore | 494 | 49.6 | 69.5 | 148 | -33.1% |
| Sri Lanka | 143 | 54.5 | 126 | 95.5 | -12.6% |
| India | 32.3 | 21.6 | 52.8 | 49.3 | 15.1% |
| United Arab Emirates | 40.7 | 5.5 | 42.1 | 39.4 | -1.1% |
| Vietnam | 68.6 | 25.4 | 23.9 | 22.5 | -31.0% |
| Myanmar | 5.3 | 8.6 | 20.3 | 19.0 | 53.0% |
| Saudi Arabia | 11.7 | 9.5 | 13.3 | 12.4 | 2.0% |
| Philippines | 40.2 | 57.5 | 37.9 | 9.0 | -39.3% |
| Others | 143 | 114 | 776 | 188 | 9.5% |
| Total | 2,086 | 879 | 2,034 | 1,457 | -11.3% |
Top Suppliers of Live Fish to Kuwait in 2022:
- Thailand (15.3 tons)
- Malaysia (14.8 tons)
- Myanmar (14.1 tons)
- Indonesia (11.6 tons)
- Saudi Arabia (6.1 tons)
- Sri Lanka (5.5 tons)
- Singapore (4.9 tons)
- United Arab Emirates (4.0 tons)
- India (1.6 tons)
- Vietnam (1.2 tons)
- Philippines (0.5 tons)
Live Fish Exports in Kuwait
In 2022, shipments abroad of live fish was finally on the rise to reach 42 kg after two years of decline. Overall, exports, however, continue to indicate a deep setback.
In value terms, live fish exports amounted to $214 in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn.
| Export of Live Fish in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 281 | 233 | 194 | 214 | -8.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 281 | 233 | 194 | 214 | -8.7% |
Top Export Markets for Live Fish from Kuwait in 2022:
- Qatar (42.0 kg)
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