Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Kuwait - 2022
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Kuwait (CIF) - 2022
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Kuwait
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Kuwait (CIF) - 2022
In 2022, the average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $16,401 per ton, jumping by 39% against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 75% against the previous year. The import price peaked at $18,147 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($46,938 per ton), while the price for Turkey ($15,081 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+82.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Kuwait
In 2022, the amount of fish fillets; fresh or chilled, other than fish of heading 0304.4s imported into Kuwait soared to 30 tons, with an increase of 20% on 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s surged to $500K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 92.6 | 109 | 137 | 232 | 35.8% |
| United Arab Emirates | 57.9 | 68.4 | 69.3 | 140 | 34.2% |
| Japan | N/A | 7.9 | 11.0 | 59.0 | 173.3% |
| Vietnam | 17.2 | 31.2 | N/A | 40.0 | 32.5% |
| Chile | N/A | N/A | N/A | 21.0 | 0% |
| Turkey | 53.9 | 8.9 | 31.6 | 8.2 | -46.6% |
| Uganda | 22.3 | N/A | N/A | N/A | 0% |
| Iran | N/A | N/A | 39.7 | N/A | 0% |
| Others | 21.7 | 120 | 10.3 | N/A | -31.1% |
| Total | 266 | 346 | 299 | 500 | 23.4% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to Kuwait in 2022:
- Norway (15.4 tons)
- United Arab Emirates (9.3 tons)
- Vietnam (2.6 tons)
- Chile (1.4 tons)
- Japan (1.3 tons)
- Turkey (0.5 tons)
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