GCC: Sweet Potato Market 2024

Sweet Potato Market Size in GCC

In 2023, the GCC sweet potato market decreased by X% to $X for the first time since 2011, thus ending a eleven-year rising trend. Over the period under review, consumption, however, posted a prominent increase. The level of consumption peaked at $X in 2022, and then shrank remarkably in the following year.

Sweet Potato Production in GCC

In value terms, sweet potato production totaled $X in 2023 estimated in export price. Overall, production recorded a deep reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

The country with the largest volume of sweet potato production was Oman (X tons), accounting for X% of total volume. Moreover, sweet potato production in Oman exceeded the figures recorded by the second-largest producer, Kuwait (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume in Oman totaled X%.

The average sweet potato yield fell significantly to X tons per ha in 2023, waning by X% compared with the previous year's figure. In general, the yield, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2022 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then fell sharply in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of sweet potatoes production in GCC amounted to X ha, standing approx. at the previous year. In general, the harvested area showed a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to sweet potato production attained the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Sweet Potato Exports

Exports in GCC

In 2023, the amount of sweet potatoes exported in GCC rose rapidly to X tons, surging by X% against 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, sweet potato exports skyrocketed to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Oman represented the largest exporter of sweet potatoes in GCC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports.

Oman was also the fastest-growing in terms of the sweet potatoes exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Oman increased by X percentage points.

In value terms, Oman ($X) remains the largest sweet potato supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Oman stood at X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Sweet Potato Imports

Imports in GCC

In 2023, the amount of sweet potatoes imported in GCC skyrocketed to X tons, rising by X% compared with 2022. In general, imports recorded a buoyant expansion. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, sweet potato imports surged to $X in 2023. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together making up X% of total imports. Kuwait (X tons) held the next position in the ranking, followed by Qatar (X tons), Bahrain (X tons) and Oman (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform