Bovine Animals; Live Price in Kuwait - 2021
Contents:
- Bovine Animals; Live Price in Kuwait (CIF) - 2022
- Bovine Animals; Live Price in Kuwait (FOB) - 2021
- Bovine Animals; Live Imports in Kuwait
- Bovine Animals; Live Exports in Kuwait
Bovine Animals; Live Price in Kuwait (CIF) - 2022
The average bovine animals; live import price stood at $1,196 per unit in 2022, dropping by -4.7% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure at $2,646 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Denmark ($2,819 per unit), while the price for Somalia ($603 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Price in Kuwait (FOB) - 2021
In December 2021, the average bovine animals; live export price amounted to $914 per unit, declining by -4.2% against the previous month. In general, the export price continues to indicate a pronounced shrinkage. As a result, the export price reached the peak level of $955 per unit, and then contracted slightly in the following month.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From November 2021 to December 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -4.2% per month.
Bovine Animals; Live Imports in Kuwait
After three years of growth, overseas purchases of bovine animals; lives decreased by -0.4% to 10K units in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure at 10K units in 2021, and then dropped modestly in the following year.
In value terms, bovine animals; live imports reduced to $12M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. As a result, imports attained the peak of $13M, and then contracted in the following year.
| Import of Bovine Animals; Live in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 0.7 | 0.6 | 1.9 | 3.2 | 66.0% |
| Netherlands | 3.0 | 2.8 | 0.7 | 2.5 | -5.9% |
| Germany | 1.3 | 0.4 | 1.2 | 2.0 | 15.4% |
| Denmark | 3.7 | 4.9 | 4.7 | 1.6 | -24.4% |
| South Africa | N/A | 0.4 | 0.7 | 1.1 | 65.8% |
| Australia | 1.6 | 1.4 | 2.5 | 0.9 | -17.5% |
| Oman | 0.3 | 0.8 | 0.4 | 0.8 | 38.7% |
| Armenia | N/A | N/A | 1.0 | N/A | 0% |
| Others | 0.2 | 0.5 | 0.2 | 0.4 | 26.0% |
| Total | 11.0 | 11.8 | 13.2 | 12.5 | 4.4% |
Top Suppliers of Bovine Animals; Live to Kuwait in 2022:
- Armenia (undefinedK units)
- Somalia (5.2K units)
- South Africa (1.2K units)
- Netherlands (0.9K units)
- Germany (0.7K units)
- Australia (0.6K units)
- Denmark (0.6K units)
- Oman (0.5K units)
Bovine Animals; Live Exports in Kuwait
In 2022, shipments abroad of bovine animals; lives decreased by -34.4% to 122 units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at 186 units in 2021, and then plummeted in the following year.
In value terms, bovine animals; live exports fell sharply to $369K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. The exports peaked at $442K in 2021, and then fell sharply in the following year.
| Export of Bovine Animals; Live in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 52.4 | 134 | 301 | 242 | 66.5% |
| Qatar | 85.2 | 145 | 128 | 115 | 10.5% |
| Bahrain | 8.7 | 14.3 | 12.3 | 10.7 | 7.1% |
| Others | 2.1 | 1.6 | 0.1 | 1.0 | -21.9% |
| Total | 148 | 295 | 442 | 369 | 35.6% |
Top Export Markets for Bovine Animals; Live from Kuwait in 2022:
- Qatar (72.0 units)
- Bahrain (27.0 units)
- Saudi Arabia (22.0 units)
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