Saudi Arabia - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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View PricingApricot Price in Saudi Arabia - 2021
Contents:
- Apricot Price in Saudi Arabia (CIF) - 2022
- Apricot Price in Saudi Arabia (FOB) - 2022
- Apricot Imports in Saudi Arabia
- Apricot Exports in Saudi Arabia
Apricot Price in Saudi Arabia (CIF) - 2022
The average apricot import price stood at $896 per ton in 2022, increasing by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 24%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,215 per ton), while the price for Turkey ($451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Apricot Price in Saudi Arabia (FOB) - 2022
In 2022, the average apricot export price amounted to $798 per ton, picking up by 11% against the previous year. Overall, the export price, however, saw a perceptible slump. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The export price peaked at $1,147 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($1,030 per ton) and Oman ($878 per ton), while the average price for exports to Kuwait ($710 per ton) and Bahrain ($779 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.
Apricot Imports in Saudi Arabia
In 2022, apricot imports into Saudi Arabia declined sharply to 10K tons, waning by -16% on 2021. Overall, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 9.8% against the previous year.
In value terms, apricot imports shrank to $8.9M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of $10M, and then contracted in the following year.
| Import of Apricot in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 3.7 | 2.2 | 6.1 | 5.4 | 13.4% |
| South Africa | 1.8 | 1.1 | 1.4 | 1.2 | -12.6% |
| Turkey | 1.2 | 0.9 | N/A | 1.1 | -2.9% |
| Australia | 0.6 | 0.8 | N/A | 0.7 | 5.3% |
| Syrian Arab Republic | N/A | 1.2 | 1.4 | N/A | 16.7% |
| Lebanon | 0.6 | 0.8 | N/A | N/A | 33.3% |
| Others | 0.7 | 0.6 | 1.4 | 0.5 | -10.6% |
| Total | 8.4 | 7.6 | 10.3 | 8.9 | 1.9% |
Top Suppliers of Apricot to Saudi Arabia in 2022:
- Jordan (6.3K tons)
- Turkey (2.5K tons)
- South Africa (0.7K tons)
- Australia (0.2K tons)
Apricot Exports in Saudi Arabia
In 2022, approx. 460 tons of apricots were exported from Saudi Arabia; rising by 39% compared with the previous year. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 190%. As a result, the exports attained the peak of 588 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, apricot exports surged to $367K in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 206% against the previous year. As a result, the exports attained the peak of $495K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Apricot in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 42.8 | 219 | 42.1 | 143 | 49.5% |
| Kuwait | 55.2 | 170 | 10.1 | 109 | 25.5% |
| Oman | 30.5 | 45.9 | 39.8 | 66.5 | 29.7% |
| United Arab Emirates | 33.3 | 50.1 | 19.9 | 49.1 | 13.8% |
| Jordan | N/A | N/A | 54.5 | N/A | 0% |
| Syrian Arab Republic | N/A | N/A | 37.1 | N/A | 0% |
| Yemen | N/A | 10.0 | 34.8 | N/A | 248.0% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 162 | 495 | 239 | 367 | 31.3% |
Top Export Markets for Apricot from Saudi Arabia in 2022:
- Bahrain (183.8 tons)
- Kuwait (152.8 tons)
- Oman (75.8 tons)
- United Arab Emirates (47.7 tons)
This report provides an in-depth analysis of the apricot market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 526 - Apricots
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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