In the past decade, Kuwait's dried fruit export sector has demonstrated significant fluctuations. The actual value stood at $943.51 Thousand USD in 2023. Although there was a notable decline in 2013, substantial growth occurred until 2018. The subsequent years witnessed a mix of modest growth and slight decreases. Over the last two years, the year-on-year growth was 5.43% in 2023 and 5.86% in 2022. The Compound Annual Growth Rate (CAGR) over the past five years was 3.36%.
For the future, forecasts suggest a steady positive trend with a 5-year CAGR of 3.73% and an overall growth rate of 20.1% from 2024 to 2028. The sector is expected to continue its upward trajectory, aiming for $1197.3 Thousand USD by 2028.
Future trends to watch for:
- Market demand shifts due to global health trends emphasizing dried fruits as healthy snacks.
- Potential impacts from trade policies and international relations affecting export capabilities.
- Technological advancements in drying processes enhancing product quality and shelf life.
- Fluctuations in agricultural output and climate conditions.
- Increased focus on sustainable and organic production methods.
