The food products exports from Kuwait to Turkey experienced a highly volatile trend from 2013 to 2023. In 2023, the export value stood at 761.53 thousand US dollars, showing a modest year-on-year increase of 3.17%. After a remarkable peak in 2014, the values saw erratic fluctuations, with significant declines in 2015 and 2017, but recovery phases followed. The last two years' average variation depicts minimal growth, with a CAGR of 0.7% over the past five years. Growth is forecasted to continue at a more stable pace with a forecasted CAGR of 2.34% over the next five years, reaching an export value of 883.81 thousand US dollars by 2028.
Future trends to watch include:
• Stability of political and economic relations between Kuwait and Turkey.
• Changes in trade policies or tariffs impacting food product exports.
• Shifts in consumer demand and preferences in Turkey.
• Developments in Kuwait's agricultural and food production technologies.
• Impact of global market conditions and currency exchange rates.
