Price for Fish Meal; Fit for Human Consumption in Kuwait - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Kuwait (CIF) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Kuwait
Price for Fish Meal; Fit for Human Consumption in Kuwait (CIF) - 2022
In 2022, the average import price for fish meal; fit for human consumptia amounted to $4,248 per ton, falling by -9.4% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, average import prices attained the maximum at $5,537 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Turkey ($7,025 per ton), while the price for India ($1,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fish Meal; Fit for Human Consumption in Kuwait
In 2022, supplies from abroad of fish meal; fit for human consumptia was finally on the rise to reach 10 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp curtailment.
In value terms, imports of fish meal; fit for human consumptia surged to $43K in 2022. Overall, imports, however, faced a sharp downturn.
| Import of Fish Meal; Fit for Human Consumption in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 52.1 | 27.3 | 7.0 | 13.9 | -35.6% |
| Philippines | 42.3 | 22.8 | 6.0 | 12.3 | -33.7% |
| Bahrain | 3.0 | 1.8 | 0.5 | 5.9 | 25.3% |
| South Korea | 4.7 | 3.0 | 1.3 | 2.2 | -22.4% |
| India | 2.8 | 2.0 | 1.1 | 1.9 | -12.1% |
| United Arab Emirates | 14.2 | 1.9 | 0.5 | 1.1 | -57.4% |
| United States | 1.8 | 1.1 | 0.4 | 0.7 | -27.0% |
| Others | 18.3 | 7.4 | 2.8 | 5.5 | -33.0% |
| Total | 139 | 67.3 | 19.6 | 43.4 | -32.2% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Kuwait in 2022:
- Jordan (4.2 tons)
- Philippines (2.4 tons)
- India (1.5 tons)
- Bahrain (1.1 tons)
- United States (0.3 tons)
- South Korea (0.3 tons)
- United Arab Emirates (0.2 tons)
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