Page 33 - AA 2023 Year Book Website

Kuwait

KUWAIT WHEAT MARKET SIZE IN 2023

From 2012 to 2021, the average annual
Wheat Market Size in Kuwait rate of growth in terms of value to
Jordan amounted to +7.8%. Exports to
The Kuwaiti wheat market reduced the other major destinations recorded
slightly to $X in 2021, waning by -2.6% the following average annual rates of
against the previous year. Overall, the exports growth: Qatar (+59.9% per
total consumption indicated a notable year) and Bahrain (-19.5% per year).
increase from 2012 to 2021: its value
increased at an average annual rate Export Prices by Country
of +4.4% over the last nine years. The
trend pattern, however, indicated some The average wheat export price stood
noticeable fluctuations being recorded at $X per ton in 2021, declining by -2.8%
throughout the analyzed period. Based against the previous year. In general,
on 2021 figures, consumption decreased Wheat Exports Exports export price indicated a measured
by -5.4% against 2019 indices. Wheat expansion from 2012 to 2021: its price
consumption peaked at $X in 2014; from Kuwait increased at an average annual rate
however, from 2015 to 2021, consumption of +4.1% over the last nine years. The
failed to regain momentum. trend pattern, however, indicated some
In 2021, shipments abroad of wheat noticeable fluctuations being recorded
Wheat Production in Kuwait was finally on the rise to reach X tons throughout the analyzed period. Based
after two years of decline. In general,
exports saw a noticeable increase. Over on 2021 figures, wheat export price
In value terms, wheat production increased by +99.8% against 2015
declined notably to $X in 2021 estimated the period under review, the exports indices. The most prominent rate of
reached the peak figure at X tons in
in export price. Overall, production 2018; however, from 2019 to 2021, the growth was recorded in 2020 when the
showed a noticeable shrinkage. The exports remained at a lower figure. average export price increased by 64%.
pace of growth appeared the most rapid As a result, the export price reached
in 2019 when the production volume In value terms, wheat exports soared the peak level of $X per ton, and then
increased by 549%. Wheat production to $X in 2021. Over the period under dropped in the following year.
peaked at $X in 2012; however, from review, exports continue to indicate There were significant differences
2013 to 2021, production failed to regain prominent growth. The pace of growth in the average prices for the major
momentum. was the most pronounced in 2016 with overseas markets. In 2021, the country
an increase of 137% against the previous
In 2021, the average wheat yield in year. Over the period under review, the with the highest price was Qatar ($X per
Kuwait expanded notably to X tons per exports attained the peak figure at $X ton), while the average price for exports
ha, surging by 15% compared with 2020 in 2018; however, from 2019 to 2021, the to Bahrain ($X per ton) was amongst the
figures. In general, the yield posted exports failed to regain momentum. lowest.
prominent growth. The most prominent From 2012 to 2021, the most notable
rate of growth was recorded in 2019 Exports by Country rate of growth in terms of prices was
when the yield increased by 217%. As a recorded for supplies to Jordan (+3.1%),
result, the yield attained the peak level while the prices for the other major
of X tons per ha. From 2020 to 2021, Jordan (X tons) was the main destinations experienced a decline.
the growth of the average wheat yield destination for wheat exports from
remained at a somewhat lower figure. Kuwait, accounting for a 89% share of Wheat Imports Imports
Despite the increased use of modern total exports. Moreover, wheat exports
agricultural techniques and methods, to Jordan exceeded the volume sent to into Kuwait
future yield figures may still be impacted the second major destination, Bahrain (X
In 2021, imports of wheat into Kuwait
by adverse weather conditions. tons), more than tenfold. contracted modestly to X tons, with
In 2021, the harvested area of wheat From 2012 to 2021, the average a decrease of -4.5% on the previous
in Kuwait declined remarkably to X ha, annual growth rate of volume to Jordan year. Overall, total imports indicated
amounted to +4.6%. Exports to the
which is down by -20% on 2020 figures. other major destinations recorded moderate growth from 2012 to 2021: its
Over the period under review, the the following average annual rates of volume increased at an average annual
harvested area continues to indicate a exports growth: Bahrain (-5.5% per rate of +4.0% over the last nine-year
deep slump. The most prominent rate year) and Qatar (+89.1% per year). period. The trend pattern, however,
of growth was recorded in 2019 with an indicated some noticeable fluctuations
increase of 100% against the previous In value terms, Jordan ($X) remains the being recorded throughout the analyzed
year. Over the period under review, key foreign market for wheat exports period. Based on 2021 figures, imports
the harvested area dedicated to wheat from Kuwait, comprising 96% of total decreased by -7.6% against 2019
production reached the peak figure exports. The second position in the indices. The pace of growth was the most
at X ha in 2012; however, from 2013 to ranking was taken by Qatar ($X), with a pronounced in 2016 with an increase of
2021, the harvested area failed to regain 4.3% share of total exports. 63%. Imports peaked at X tons in 2019;
momentum. however, from 2020 to 2021, imports
failed to regain momentum.

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