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Kuwait - Vodka - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKuwait: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024
Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Kuwait
In 2023, the Kuwaiti market for spirits, liqueurs and other spirituous beverages decreased by X% to $X, falling for the fourth year in a row after four years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.
Production of Spirits, Liqueurs And Other Spirituous Beverages in Kuwait
In value terms, production of spirits, liqueurs and other spirituous beverages reduced to $X in 2023 estimated in export price. Overall, production, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.
Exports of Spirits, Liqueurs And Other Spirituous Beverages
Exports from Kuwait
In 2023, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Kuwait; with an increase of X% on the previous year's figure. Overall, exports, however, saw a deep slump. The exports peaked at X litres in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
In value terms, exports of spirits, liqueurs and other spirituous beverages surged to $X in 2023. Over the period under review, exports showed a remarkable increase. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
Exports by Country
Luxembourg (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Kuwait, with a approx. X% share of total exports.
From 2013 to 2023, the average annual growth rate of volume to Luxembourg totaled X%.
In value terms, Luxembourg ($X) also remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Kuwait.
From 2013 to 2023, the average annual growth rate of value to Luxembourg totaled X%.
Export Prices by Country
The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2023, declining by X% against the previous year. In general, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Luxembourg.
From 2013 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.
Imports of Spirits, Liqueurs And Other Spirituous Beverages
Imports into Kuwait
In 2023, after four years of growth, there was decline in supplies from abroad of spirits, liqueurs and other spirituous beverages, when their volume decreased by X% to X litres. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of hit record highs at X litres in 2022, and then fell slightly in the following year.
In value terms, imports of spirits, liqueurs and other spirituous beverages dropped to $X in 2023. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then fell in the following year.
Imports by Country
Saudi Arabia (X litres), the United Arab Emirates (X litres) and Lebanon (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Kuwait, together accounting for X% of total imports.
From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Lebanon (X% per year).
Import Prices by Country
In 2023, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per litre in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while the price for Lebanon ($X per thousand litres) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
- Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
- Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
- Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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