Non-Liquid Margarine Price in Saudi Arabia - 2021
Contents:
- Non-Liquid Margarine Price in Saudi Arabia (CIF) - 2022
- Non-Liquid Margarine Price in Saudi Arabia (FOB) - 2022
- Non-Liquid Margarine Imports in Saudi Arabia
- Non-Liquid Margarine Exports in Saudi Arabia
Non-Liquid Margarine Price in Saudi Arabia (CIF) - 2022
The average non-liquid margarine import price stood at $1,649 per ton in 2021, with an increase of 33% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($2,302 per ton), while the price for Malaysia ($1,274 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Saudi Arabia (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,396 per ton, with a decrease of -11.6% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 43%. Over the period under review, the average export prices hit record highs at $2,054 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($1,525 per ton), while the average price for exports to Jordan amounted to $1,358 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Imports in Saudi Arabia
In 2021, the amount of non-liquid margarine imported into Saudi Arabia skyrocketed to 19K tons, growing by 46% against the year before. Over the period under review, total imports indicated a strong increase from 2019 to 2021: its volume increased at an average annual rate of +11.2% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine imports surged to $31M in 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 4.8 | 2.5 | 8.8 | 35.4% | |
| Spain | 1.2 | 0.9 | 5.1 | 106.2% | |
| Malaysia | 2.6 | 2.5 | 3.7 | 19.3% | |
| Oman | N/A | 0.3 | 3.2 | 966.7% | |
| Singapore | N/A | 2.4 | 2.4 | 0.0% | |
| United States | 2.7 | 2.0 | 1.8 | -18.4% | |
| Germany | 1.3 | 1.6 | 1.7 | 14.4% | |
| Canada | N/A | N/A | 1.6 | 0% | |
| Belgium | 0.8 | 0.3 | 0.6 | -13.4% | |
| Indonesia | 0.6 | 0.5 | 0.4 | -18.4% | |
| Others | 2.7 | 2.9 | 2.0 | -13.9% | |
| Total | 16.9 | 16.0 | 31.1 | 35.7% | |
Top Suppliers of Non-Liquid Margarine to Saudi Arabia in 2022:
- United Arab Emirates (6.2K tons)
- Spain (3.3K tons)
- Malaysia (2.9K tons)
- Oman (1.6K tons)
- Singapore (1.0K tons)
- United States (0.9K tons)
- Germany (0.9K tons)
- Canada (0.8K tons)
- Belgium (0.3K tons)
- Indonesia (0.2K tons)
Non-Liquid Margarine Exports in Saudi Arabia
In 2022, the amount of non-liquid margarine exported from Saudi Arabia declined to 1.8K tons, with a decrease of -12.2% compared with the year before. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, non-liquid margarine exports reduced sharply to $2.5M in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, the exports reached the peak of $3.2M, and then contracted dramatically in the following year.
| Export of Non-Liquid Margarine in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 1,734 | 665 | 1,938 | 1,869 | 2.5% |
| Bahrain | 103 | 230 | 134 | 605 | 80.4% |
| Kuwait | 42.4 | 352 | 588 | N/A | 272.4% |
| United Arab Emirates | 336 | 459 | 526 | N/A | 25.1% |
| Others | 3.6 | 57.1 | 1.4 | 1.4 | -27.0% |
| Total | 2,220 | 1,763 | 3,187 | 2,475 | 3.7% |
Top Export Markets for Non-Liquid Margarine from Saudi Arabia in 2022:
- Jordan (1376.1 tons)
- Bahrain (396.4 tons)
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