Kuwait - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price in Kuwait - 2021
Contents:
- Beef Price in Kuwait (CIF) - 2021
- Beef Price in Kuwait (FOB) - 2022
- Beef Imports in Kuwait
- Beef Exports in Kuwait
Beef Price in Kuwait (CIF) - 2021
In December 2021, the average beef import price amounted to $6,521 per ton, with an increase of 12% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $6,763 per ton in June 2021; however, from July 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($12,079 per ton), while the price for Brazil ($3,230 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Beef Price in Kuwait (FOB) - 2022
In 2022, the average beef export price amounted to $4,799 per ton, declining by -7% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beef export price increased by +80.6% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 70%. The export price peaked at $5,159 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($14,642 per ton), while the average price for exports to Iraq ($3,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Beef Imports in Kuwait
After three years of growth, overseas purchases of beef (cattle meat) decreased by -1.1% to 35K tons in 2022. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 9.4%.
In value terms, beef imports contracted to $172M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $188M, and then declined in the following year.
| Import of Beef in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 16.8 | 24.7 | 25.3 | 24.1 | 12.8% |
| Pakistan | 18.4 | 17.6 | 24.8 | 22.8 | 7.4% |
| Paraguay | 16.0 | 23.2 | 24.1 | 22.0 | 11.2% |
| United States | 13.9 | 11.9 | 22.1 | 19.9 | 12.7% |
| India | 21.9 | 18.5 | 21.2 | 16.0 | -9.9% |
| China | 17.3 | 12.1 | 14.5 | 15.1 | -4.4% |
| Brazil | 1.2 | 2.0 | 6.0 | 14.0 | 126.8% |
| Australia | 23.3 | 20.9 | 21.6 | 11.2 | -21.7% |
| Sudan | 1.0 | 3.0 | 7.0 | 6.4 | 85.7% |
| Saudi Arabia | 12.1 | 5.4 | 2.7 | 4.8 | -26.5% |
| Others | 17.6 | 17.0 | 18.9 | 15.9 | -3.3% |
| Total | 159 | 156 | 188 | 172 | 2.7% |
Top Suppliers of Beef to Kuwait in 2022:
- India (5.8K tons)
- Pakistan (5.0K tons)
- China (4.9K tons)
- Paraguay (4.6K tons)
- South Africa (3.2K tons)
- Brazil (2.9K tons)
- United States (2.4K tons)
- Saudi Arabia (1.2K tons)
- Australia (1.2K tons)
- Sudan (1.2K tons)
Beef Exports in Kuwait
In 2022, after two years of decline, there was significant growth in shipments abroad of beef (cattle meat), when their volume increased by 28% to 469 tons. Overall, exports, however, continue to indicate a sharp downturn.
In value terms, beef exports surged to $2.2M in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage.
| Export of Beef in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 814 | 1,139 | 1,181 | 1,325 | 17.6% |
| Bahrain | 748 | 122 | 204 | 332 | -23.7% |
| Qatar | 240 | 528 | 254 | 266 | 3.5% |
| Jordan | 552 | 135 | 97.1 | 130 | -38.2% |
| India | 545 | 127 | 64.0 | 77.8 | -47.7% |
| Saudi Arabia | 363 | 70.9 | 40.5 | 45.5 | -50.0% |
| Iraq | 157 | 412 | 9.8 | 14.2 | -55.1% |
| Yemen | 507 | N/A | N/A | N/A | 0% |
| Others | 214 | 71.5 | 42.3 | 57.0 | -35.7% |
| Total | 4,140 | 2,606 | 1,892 | 2,249 | -18.4% |
Top Export Markets for Beef from Kuwait in 2022:
- United Arab Emirates (259.4 tons)
- Bahrain (59.0 tons)
- Qatar (50.7 tons)
- Jordan (40.1 tons)
- India (24.2 tons)
- Iraq (4.5 tons)
- Saudi Arabia (3.1 tons)
This report provides an in-depth analysis of the beef market 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:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
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.
-
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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