Kuwait - Wine And Grape Must - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWine Price in Kuwait - 2021
Contents:
- Wine Price in Kuwait (FOB) - 2022
- Wine Price in Kuwait (CIF) - 2022
- Wine Exports in Kuwait
- Wine Imports in Kuwait
Wine Price in Kuwait (FOB) - 2022
In 2021, the average wine export price amounted to $4.6 per litre, rising by 34% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 121%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($6.3 per litre), while the average price for exports to Saudi Arabia ($4 per litre) was amongst the lowest.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-31.5%).
Wine Price in Kuwait (CIF) - 2022
In 2022, the average wine import price amounted to $13 per litre, with an increase of 139% against the previous year. In general, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 United Arab Emirates ($6.2 per litre), while the price for Italy ($0.9 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Wine Exports in Kuwait
In 2022, the amount of wine and grape must exported from Kuwait declined modestly to 397 litres, with a decrease of -4.1% compared with 2021. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year. Over the period under review, the exports attained the peak figure at 1.1K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wine exports surged to $2.3K in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports hit record highs at $2.9K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wine in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Bahrain | N/A | N/A | 1,320 | 0% | |
| Saudi Arabia | N/A | N/A | 247 | 0% | |
| France | N/A | N/A | 169 | 0% | |
| Iraq | 2,396 | N/A | N/A | 0% | |
| Ghana | 481 | N/A | N/A | 0% | |
| Others | N/A | 1,302 | 168 | -87.1% | |
| Total | 2,877 | 1,302 | 1,904 | -18.6% | |
Top Export Markets for Wine from Kuwait in 2022:
- Bahrain (299.0 litres)
- Saudi Arabia (62.0 litres)
- France (27.0 litres)
Wine Imports in Kuwait
In 2022, supplies from abroad of wine and grape must decreased by -60.9% to 235K litres, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 2.5%. As a result, imports reached the peak of 738K litres. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wine imports shrank to $3M in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 7% against the previous year. Imports peaked at $3.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Wine in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.1 | 2.9 | 3.1 | 2.8 | -3.3% |
| Belgium | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 3.3 | 3.1 | 3.3 | 3.0 | -3.1% |
Top Suppliers of Wine to Kuwait in 2022:
- United Arab Emirates (457.9K litres)
- Belgium (42.5K litres)
- Italy (13.0K litres)
This report provides an in-depth analysis of the 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:
- FCL 564 - Wine
- FCL 563 - Must of Grape
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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