Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Kuwait - 2022
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Kuwait (CIF) - 2022
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Kuwait
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Kuwait (CIF) - 2022
The average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $15,739 per ton in 2022, shrinking by -12.9% against the previous year. Overall, the import price recorded a noticeable descent. The growth pace was the most rapid in 2014 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $28,407 per ton. From 2015 to 2022, the average 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 the Netherlands ($38,538 per ton), while the price for Canada ($15,313 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+39.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Kuwait
In 2022, approx. 1 tons of mollusc preparations; scallops, including queen scallops, prepared or preserveds were imported into Kuwait; increasing by 30% on the year before. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. As a result, imports reached the peak of 1 tons; afterwards, it flattened through to 2022.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds expanded markedly to $16K in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 2.0 | N/A | 8.6 | 107.4% |
| Japan | 5.7 | 3.3 | 7.8 | 4.6 | -6.9% |
| India | 0.4 | 1.0 | 2.3 | 1.3 | 48.1% |
| Netherlands | 0.7 | 0.9 | 1.1 | 0.5 | -10.6% |
| United States | 4.6 | 2.8 | 2.9 | 0.5 | -52.3% |
| Canada | N/A | 5.8 | N/A | 0.2 | -81.4% |
| United Arab Emirates | 1.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 13.3 | 15.7 | 14.1 | 16.0 | 6.4% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to Kuwait in 2022:
- Turkey (554.0 kg)
- Japan (295.0 kg)
- India (85.0 kg)
- United States (30.0 kg)
- Canada (16.0 kg)
- Netherlands (13.0 kg)
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