Saudi Arabia - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Saudi Arabia - 2021
Contents:
- Refined Olive Oil Price in Saudi Arabia (CIF) - 2022
- Refined Olive Oil Price in Saudi Arabia (FOB) - 2022
- Refined Olive Oil Imports in Saudi Arabia
- Refined Olive Oil Exports in Saudi Arabia
Refined Olive Oil Price in Saudi Arabia (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $2,910 per ton, waning by -6% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure at $4,760 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Tunisia ($3,343 per ton) and Spain ($2,956 per ton), while the price for Turkey ($2,520 per ton) and Syrian Arab Republic ($2,587 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Saudi Arabia (FOB) - 2022
The average refined olive oil export price stood at $3,800 per ton in 2022, waning by -4.9% against the previous year. In general, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. As a result, the export price attained the peak level of $5,964 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +15.3% per year.
Refined Olive Oil Imports in Saudi Arabia
After two years of decline, purchases abroad of refined olive oil increased by 10% to 2.9K tons in 2022. Overall, imports, however, showed a deep reduction.
In value terms, refined olive oil imports reached $8.3M in 2022. Over the period under review, imports, however, recorded a abrupt contraction.
| Import of Refined Olive Oil in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.1 | 6.4 | 6.5 | 4.3 | -15.4% |
| Turkey | 1.7 | 0.5 | N/A | 1.4 | -6.3% |
| Tunisia | 0.8 | 0.6 | N/A | 1.0 | 7.7% |
| United Arab Emirates | 0.3 | 0.3 | 1.0 | 0.6 | 26.0% |
| Syrian Arab Republic | 0.7 | 0.5 | N/A | 0.6 | -5.0% |
| Italy | 0.8 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.5 | 0.4 | 58.7% |
| Total | 11.6 | 8.6 | 8.0 | 8.3 | -10.6% |
Top Suppliers of Refined Olive Oil to Saudi Arabia in 2022:
- Spain (1451.5 tons)
- Turkey (554.3 tons)
- Tunisia (305.7 tons)
- Syrian Arab Republic (234.8 tons)
- United Arab Emirates (228.0 tons)
Refined Olive Oil Exports in Saudi Arabia
In 2022, after two years of decline, there was significant growth in overseas shipments of refined olive oil, when their volume increased by 11% to 23 tons. Overall, exports, however, saw a sharp downturn.
In value terms, refined olive oil exports expanded rapidly to $87K in 2022. Over the period under review, exports, however, saw a sharp contraction.
| Export of Refined Olive Oil in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 107 | 49.1 | 27.5 | 87.0 | -6.7% |
| Algeria | N/A | 53.0 | N/A | N/A | 0% |
| Kuwait | 499 | N/A | N/A | N/A | 0% |
| Others | N/A | -10.8 | 55.2 | N/A | -611.1% |
| Total | 606 | 91.3 | 82.7 | 87.0 | -47.6% |
Top Export Markets for Refined Olive Oil from Saudi Arabia in 2022:
- United Arab Emirates (22.9 tons)
This report provides an in-depth analysis of the refined olive oil 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:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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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