Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait (CIF) - 2022
In 2022, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $2,054 per ton, shrinking by -67.6% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. The import price peaked at $6,332 per ton in 2021, and then shrank dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +5.5% per year.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $3,991 per ton, falling by -4.9% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2013 an increase of 33% against the previous year. The export price peaked at $6,474 per ton in 2014; however, from 2015 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 Iraq.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +16.4% per year.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait
For the fourth year in a row, Kuwait recorded growth in overseas purchases of meat of sheep or goats; fresh, chilled or frozen, which increased by 148% to 32K tons in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen declined markedly to $65M in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports attained the peak of $81M, and then declined remarkably in the following year.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.6 | 0.1 | 1.3 | 65.1 | 377.0% |
| Spain | 3.8 | 7.6 | 7.0 | N/A | 35.7% |
| New Zealand | 4.6 | 6.0 | 5.7 | N/A | 11.3% |
| India | 2.8 | 1.6 | 18.4 | N/A | 156.3% |
| South Africa | 1.2 | 2.8 | 3.0 | N/A | 58.1% |
| Australia | 23.1 | 22.0 | 29.1 | N/A | 12.2% |
| Romania | 1.3 | 1.7 | 0.8 | N/A | -21.6% |
| Others | 3.5 | 7.7 | 15.6 | N/A | 111.1% |
| Total | 41.0 | 49.4 | 80.8 | 65.1 | 16.7% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Kuwait in 2022:
- United Arab Emirates (31.7K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait
In 2022, after three years of growth, there was decline in shipments abroad of meat of sheep or goats; fresh, chilled or frozen, when their volume decreased by -2% to 25 tons. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 4.3%.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen fell to $101K in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 49.7 | 91.9 | 85.8 | 101 | 26.7% |
| Spain | N/A | N/A | 9.5 | N/A | 0% |
| Oman | 29.4 | N/A | 9.4 | N/A | -43.5% |
| Others | N/A | 1.8 | 3.6 | N/A | 100.0% |
| Total | 79.0 | 93.7 | 108 | 101 | 8.5% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Kuwait in 2022:
- Iraq (25.3 tons)
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