Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait - 2022
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait (CIF) - 2022
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait (FOB) - 2022
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait (CIF) - 2022
In December 2022, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,281 per ton, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in January 2022 when the average import price increased by 17% m-o-m. Over the period under review, average import prices reached the peak figure at $1,290 per ton in August 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Bahrain ($1,295 per ton) and Saudi Arabia ($1,295 per ton), while the price for the United States ($1,136 per ton) and Italy ($1,218 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait (FOB) - 2022
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,170 per ton in 2022, which is down by -15.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 7.8% against the previous year. Over the period under review, the average export prices hit record highs at $1,916 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($1,170 per ton) and Saudi Arabia ($1,170 per ton), while the average price for exports to the United Arab Emirates ($1,170 per ton) and Qatar ($1,170 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+3.9%), while the prices for the other major destinations experienced a decline.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait
In 2022, approx. 16K tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were imported into Kuwait; approximately equating the previous year's figure. In general, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $20M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 24%. As a result, imports attained the peak of $21M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.8 | 3.2 | 3.8 | 4.5 | -8.1% |
| Italy | 2.6 | 2.3 | 2.6 | 3.9 | 14.5% |
| China | 2.3 | 2.7 | 2.4 | 3.5 | 15.0% |
| Portugal | 0.9 | 3.3 | 2.7 | 3.2 | 52.6% |
| United Arab Emirates | 0.8 | 0.8 | 0.8 | 1.3 | 17.6% |
| Spain | 2.4 | 5.4 | 1.9 | 1.1 | -22.9% |
| Saudi Arabia | 0.5 | 1.2 | 0.9 | 0.9 | 21.6% |
| Iran | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Others | 1.1 | 1.5 | 1.3 | 1.1 | 0.0% |
| Total | 16.7 | 20.6 | 16.5 | 19.8 | 5.8% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Kuwait in 2022:
- United States (3.5K tons)
- Italy (3.4K tons)
- China (2.7K tons)
- Portugal (2.5K tons)
- United Arab Emirates (1.0K tons)
- Spain (0.9K tons)
- Saudi Arabia (0.7K tons)
- Iran (0.5K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait
In 2022, shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid increased by 91% to 3.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $4.5M in 2022. Over the period under review, exports, however, saw a slight downturn.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 1,905 | 417 | 479 | 1,915 | 0.2% |
| Saudi Arabia | 1,534 | 2,026 | 1,479 | 1,868 | 6.8% |
| United Arab Emirates | 2.8 | 169 | 286 | 425 | 433.4% |
| Jordan | 79.7 | 110 | 173 | 241 | 44.6% |
| Bahrain | 129 | 177 | 0.4 | 1.7 | -76.4% |
| Iraq | 1,052 | 2.3 | 276 | N/A | -48.8% |
| Others | 19.5 | 51.0 | 78.9 | 25.4 | 9.2% |
| Total | 4,722 | 2,952 | 2,772 | 4,477 | -1.8% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Kuwait in 2022:
- Qatar (1636.8 tons)
- Saudi Arabia (1596.9 tons)
- United Arab Emirates (363.7 tons)
- Jordan (206.0 tons)
- Bahrain (1.5 tons)
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This report provides an in-depth analysis of the preserved tomato market in Kuwait.
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This report provides an in-depth analysis of the global preserved tomato market.
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