Kuwait - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in Kuwait - 2022
Contents:
- Sparkling Wine Price in Kuwait (CIF) - 2022
- Sparkling Wine Price in Kuwait (FOB) - 2022
- Sparkling Wine Imports in Kuwait
- Sparkling Wine Exports in Kuwait
Sparkling Wine Price in Kuwait (CIF) - 2022
The average sparkling wine import price stood at $13 per litre in 2022, rising by 6.5% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sparkling wine import price increased by +49.7% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 100% against the previous year. Over the period under review, average import prices reached the peak figure at $13 per litre in 2017; however, from 2018 to 2022, 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 ($27 per litre), while the price for Belgium totaled $1.9 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.7%).
Sparkling Wine Price in Kuwait (FOB) - 2022
In 2021, the average sparkling wine export price amounted to $3.8 per litre, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for France.
From 2019 to 2021, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.
Sparkling Wine Imports in Kuwait
In 2022, overseas purchases of sparkling wine decreased by -12.1% to 46K litres for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year. Imports peaked at 52K litres in 2021, and then dropped in the following year.
In value terms, sparkling wine imports dropped to $602K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41%. Over the period under review, imports hit record highs at $644K in 2021, and then contracted in the following year.
Import of Sparkling Wine in Kuwait (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 384 | 487 | 582 | 530 | 11.3% |
Belgium | 5.4 | 51.7 | 58.1 | 49.3 | 109.0% |
Others | 8.2 | 22.5 | 3.7 | 22.8 | 40.6% |
Total | 397 | 561 | 644 | 602 | 14.9% |
Top Suppliers of Sparkling Wine to Kuwait in 2022:
- Belgium (26.1K litres)
- United Arab Emirates (19.6K litres)
Sparkling Wine Exports in Kuwait
Sparkling wine exports from Kuwait was estimated at 17 litres in 2021, standing approx. at 2020. Overall, exports recorded a precipitous contraction. The smallest decline of 99.9% was in 2020. The exports peaked at 33 litres in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
In value terms, sparkling wine exports amounted to $65 in 2021. In general, exports saw a dramatic descent. The smallest decline of 99.9% was in 2020. The exports peaked at $111 in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Export of Sparkling Wine in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
France | N/A | N/A | 65.0 | 0% | |
Ghana | 111 | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 111 | N/A | 65.0 | -23.5% |
Top Export Markets for Sparkling Wine from Kuwait in 2022:
- France (17.0 litres)
This report provides an in-depth analysis of the sparkling wine 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:
- Prodcom 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
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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In 2016, global wine market reached $X in wholesale prices. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price
Global wine consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
The value of total imports on the global wine market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, wine imports reached X million liters in 2015, X million liters
From 2007 to 2015, global exports on the wine market increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X million liters in 2015, which figure remained relatively stable over the last four years.
According to market research conducted by IndexBox, global wine production was estimated at X million liters in 2015, reaching a peak figure for the period.
From 2007 to 2015, according to market research conducted by IndexBox, global wine consumption increased by a healthy +X% annually. The highest annual rates of growth in terms of wine consumption between 2007 and 2015 were registered in China (+X%