Price for Homogenised Composite Food Preparations in Saudi Arabia - 2021

Contents:

1. Price for Homogenised Composite Food Preparations in Saudi Arabia (CIF) - 2022
2. Price for Homogenised Composite Food Preparations in Saudi Arabia (FOB) - 2022
3. Imports of Homogenised Composite Food Preparations in Saudi Arabia
4. Exports of Homogenised Composite Food Preparations in Saudi Arabia

Price for Homogenised Composite Food Preparations in Saudi Arabia (CIF) - 2022

The average homogenised composite food preparations import price stood at $15,017 per ton in 2021, increasing by 28% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 73% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain 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 the UK ($44,446 per ton), while the price for France ($5,523 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+47.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Saudi Arabia (FOB) - 2022

The average homogenised composite food preparations export price stood at $7,997 per ton in 2022, reducing by -29.1% against the previous year. In general, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 272%. As a result, the export price attained the peak level of $11,276 per ton, and then shrank markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,981 per ton), while the average price for exports to Portugal stood at $6,868 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+13.8%), while the prices for the other major destinations experienced a decline.

Imports of Homogenised Composite Food Preparations in Saudi Arabia

For the third consecutive year, Saudi Arabia recorded growth in supplies from abroad of homogenised composite food preparationses, which increased by 16% to 3.7K tons in 2021. The total import volume increased at an average annual rate of +13.1% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations imports surged to $56M in 2021. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Homogenised Composite Food Preparations to Saudi Arabia in 2022:

1. Netherlands (1020.5 tons)
2. United Kingdom (472.1 tons)
3. United Arab Emirates (310.1 tons)
4. Egypt (301.3 tons)
5. United States (251.4 tons)
6. Ireland (187.1 tons)
7. Germany (157.9 tons)
8. France (147.6 tons)
9. Czech Republic (48.1 tons)

Exports of Homogenised Composite Food Preparations in Saudi Arabia

In 2022, the amount of homogenised composite food preparationses exported from Saudi Arabia surged to 23 tons, growing by 209% on 2021. Overall, exports, however, continue to indicate a precipitous contraction.

In value terms, homogenised composite food preparations exports skyrocketed to $181K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 289% against the previous year. As a result, the exports attained the peak of $279K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Homogenised Composite Food Preparations from Saudi Arabia in 2022:

1. Portugal (7.0 tons)
2. Spain (6.0 tons)