Saudi Arabia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Saudi Arabia - 2021
Contents:
- Virgin Olive Oil Price in Saudi Arabia (CIF) - 2022
- Virgin Olive Oil Price in Saudi Arabia (FOB) - 2022
- Virgin Olive Oil Imports in Saudi Arabia
- Virgin Olive Oil Exports in Saudi Arabia
Virgin Olive Oil Price in Saudi Arabia (CIF) - 2022
In 2022, the average virgin olive oil import price amounted to $2,846 per ton, which is down by -2.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17%. The import price peaked at $3,843 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,554 per ton), while the price for Jordan ($1,712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Virgin Olive Oil Price in Saudi Arabia (FOB) - 2022
In 2022, the average virgin olive oil export price amounted to $2,922 per ton, with an increase of 4.8% against the previous year. In general, the export price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 an increase of 34%. As a result, the export price attained the peak level of $5,824 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($3,969 per ton) and Kuwait ($2,933 per ton), while the average price for exports to Bahrain ($2,737 per ton) and the United Arab Emirates ($2,833 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 the United Arab Emirates (+1.6%), while the prices for the other major destinations experienced a decline.
Virgin Olive Oil Imports in Saudi Arabia
In 2022, supplies from abroad of virgin olive oil was finally on the rise to reach 36K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a mild downturn.
In value terms, virgin olive oil imports reached $102M in 2022. In general, imports, however, continue to indicate a drastic downturn.
| Import of Virgin Olive Oil in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 32.3 | 28.7 | 36.0 | 29.6 | -2.9% |
| Spain | 17.1 | 18.0 | 23.5 | 19.3 | 4.1% |
| Turkey | 17.7 | 15.1 | N/A | 14.4 | -6.6% |
| Tunisia | 21.1 | 10.1 | 12.2 | 11.7 | -17.8% |
| Italy | 12.7 | 8.5 | 8.7 | 8.1 | -13.9% |
| Palestine | 11.1 | 8.3 | 6.9 | 7.1 | -13.8% |
| Jordan | 2.7 | 4.1 | 5.0 | 4.1 | 14.9% |
| Lebanon | 3.2 | 2.8 | 1.5 | 2.0 | -14.5% |
| Others | 5.1 | 8.2 | 6.8 | 5.9 | 5.0% |
| Total | 123 | 104 | 100 | 102 | -6.0% |
Top Suppliers of Virgin Olive Oil to Saudi Arabia in 2022:
- Syrian Arab Republic (11.5K tons)
- Spain (6.6K tons)
- Turkey (4.6K tons)
- Tunisia (3.8K tons)
- Palestine (3.1K tons)
- Jordan (2.4K tons)
- Italy (1.5K tons)
- Lebanon (0.6K tons)
Virgin Olive Oil Exports in Saudi Arabia
In 2022, shipments abroad of virgin olive oil decreased by -38.8% to 548 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 398% against the previous year. As a result, the exports attained the peak of 895 tons, and then dropped sharply in the following year.
In value terms, virgin olive oil exports reduced dramatically to $1.6M in 2022. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 253% against the previous year. As a result, the exports reached the peak of $2.5M, and then declined notably in the following year.
| Export of Virgin Olive Oil in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 279 | 216 | 1,095 | 1,089 | 57.4% |
| United Arab Emirates | 449 | 205 | 333 | 331 | -9.7% |
| Bahrain | 136 | 73.7 | 126 | 125 | -2.8% |
| Oman | 72.6 | 38.7 | 56.2 | 55.8 | -8.4% |
| Spain | N/A | N/A | 491 | N/A | 0% |
| Jordan | N/A | 99.8 | 64.9 | N/A | -35.0% |
| Syrian Arab Republic | N/A | 6.1 | 169 | N/A | 2670.5% |
| Turkey | N/A | N/A | 115 | N/A | 0% |
| Others | N/A | 67.6 | 45.8 | N/A | -32.2% |
| Total | 936 | 707 | 2,496 | 1,601 | 19.6% |
Top Export Markets for Virgin Olive Oil from Saudi Arabia in 2022:
- Kuwait (371.3 tons)
- United Arab Emirates (117.0 tons)
- Bahrain (45.6 tons)
- Oman (14.1 tons)
This report provides an in-depth analysis of the virgin 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:
- FCL 261 - Oil of Olives, Virgin
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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This report provides an in-depth analysis of the virgin olive oil market in Saudi Arabia.
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This report provides an in-depth analysis of the olive oil market in Saudi Arabia.
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This report provides an in-depth analysis of the refined olive oil market in Saudi Arabia.
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The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
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In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
