Kuwait fish sales drop by 26% in the Q1 2024

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The average price per kilogram of fish increased by 7.8% in Q1 2024, according to the Central Administration of Statistics Data.

KUWAIT CITY, June 6: In a recent report, the Central Administration of Statistics revealed a significant decline in local fish sales for the first quarter of 2024. The data indicates a 26.6 percent decrease in fish sold, amounting to approximately 194.8 tons. This reduction brings the total down to 538 tons from the 732.85 tons recorded during the same period in 2023.

Correspondingly, the total value of fish sold in the first quarter dropped by 20.8 percent, falling from 1.64 million dinars to 1.29 million dinars. Despite this decline in volume and value, the average price per kilogram of fish increased by 7.8 percent, rising from 2.23 dinars to 2.4 dinars.

Breaking down the data by month, January saw the sale of 176.7 tons of local fish, valued at 421.8 thousand dinars, with an average price of 2.38 dinars per kilogram. In February, the total quantity reached 199.34 tons, worth 468.6 thousand dinars, with an average price of 2.35 dinars per kilogram. March recorded sales of 161.96 tons, valued at 408.5 thousand dinars, and an average price of 2.52 dinars per kilogram.

The report highlights a concerning trend in the local fish market, with sales volume and value experiencing notable declines while prices have risen. This data prompts further analysis of the factors contributing to these changes and their potential impact on the market and consumers.

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