Saudi Arabia - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMargarine and Shortening Price in Saudi Arabia - 2021
Contents:
- Margarine and Shortening Price in Saudi Arabia (CIF) - 2022
- Margarine and Shortening Price in Saudi Arabia (FOB) - 2022
- Margarine and Shortening Imports in Saudi Arabia
- Margarine and Shortening Exports in Saudi Arabia
Margarine and Shortening Price in Saudi Arabia (CIF) - 2022
The average margarine and shortening import price stood at $1,774 per ton in 2021, rising by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($2,352 per ton), while the price for Indonesia ($1,234 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Margarine and Shortening Price in Saudi Arabia (FOB) - 2022
In 2022, the average margarine and shortening export price amounted to $1,594 per ton, shrinking by -9.5% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 50% against the previous year. The export price peaked at $3,185 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($1,628 per ton), while the average price for exports to Bahrain totaled $1,525 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-0.7%), while the prices for the other major destinations experienced a decline.
Margarine and Shortening Imports in Saudi Arabia
Margarine and shortening imports into Saudi Arabia rose markedly to 24K tons in 2021, picking up by 12% on the year before. Overall, imports, however, showed a pronounced curtailment.
In value terms, margarine and shortening imports soared to $43M in 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2021: its value increased at an average annual rate of +18.3% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Margarine and Shortening in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 5.9 | 3.3 | 8.8 | 22.1% | |
| Spain | 5.1 | 4.5 | 6.3 | 11.1% | |
| Malaysia | 4.9 | 3.7 | 5.5 | 5.9% | |
| Singapore | N/A | 3.8 | 3.9 | 2.6% | |
| Oman | 1.8 | 1.4 | 3.2 | 33.3% | |
| Germany | 1.3 | 2.0 | 3.0 | 51.9% | |
| United States | 3.9 | 3.0 | 2.4 | -21.6% | |
| Indonesia | 1.4 | 1.0 | 1.7 | 10.2% | |
| Belgium | 1.7 | 1.0 | 0.9 | -27.2% | |
| Others | 4.7 | 5.4 | 7.2 | 23.8% | |
| Total | 30.7 | 29.1 | 43.0 | 18.3% | |
Top Suppliers of Margarine and Shortening to Saudi Arabia in 2022:
- United Arab Emirates (6.2K tons)
- Spain (4.1K tons)
- Malaysia (4.0K tons)
- Singapore (1.7K tons)
- Oman (1.6K tons)
- Indonesia (1.4K tons)
- United States (1.3K tons)
- Germany (1.3K tons)
- Belgium (0.5K tons)
Margarine and Shortening Exports in Saudi Arabia
In 2022, the amount of margarine and shortening exported from Saudi Arabia declined significantly to 2.8K tons, with a decrease of -19.3% compared with the previous year's figure. Overall, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, the exports attained the peak of 3.5K tons, and then reduced remarkably in the following year.
In value terms, margarine and shortening exports declined notably to $4.5M in 2022. In general, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $6.2M, and then dropped sharply in the following year.
| Export of Margarine and Shortening in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 2.5 | 1.7 | 4.5 | 3.8 | 15.0% |
| Bahrain | 0.1 | 0.3 | 0.1 | 0.6 | 81.7% |
| Kuwait | N/A | 0.4 | 0.6 | N/A | 50.0% |
| United Arab Emirates | 0.3 | 0.5 | 0.5 | N/A | 29.1% |
| Others | 0.1 | 0.1 | 0.5 | 0.1 | 0.0% |
| Total | 3.1 | 2.9 | 6.2 | 4.5 | 13.2% |
Top Export Markets for Margarine and Shortening from Saudi Arabia in 2022:
- Jordan (2332.5 tons)
- Bahrain (396.7 tons)
This report provides an in-depth analysis of the margarine and shortening 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 1242 - Margarine and Shortening
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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