GCC: Vegetable Product Market 2024

Vegetable Product Market Size in GCC

The GCC vegetable product market was estimated at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, showed a perceptible descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Vegetable Product Production in GCC

In value terms, vegetable product production reached $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Oman (X tons) remains the largest vegetable product producing country in GCC, comprising approx. X% of total volume. It was followed by Qatar (X tons), with a X% share of total production.

In Oman, vegetable product production expanded at an average annual rate of X% over the period from 2012-2022.

The average vegetable product yield shrank rapidly to X tons per ha in 2022, falling by X% on the previous year's figure. Overall, the yield saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetable products were harvested in GCC; growing by X% on the previous year's figure. Over the period under review, the harvested area enjoyed a remarkable increase. As a result, the harvested area attained the peak level and is likely to continue growth in the immediate term.

Vegetable Product Exports

Exports in GCC

In 2022, exports of vegetable products in GCC amounted to X tons, with an increase of X% on 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, vegetable product exports skyrocketed to $X in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the vegetable products exports, with a CAGR of X% from 2012 to 2022. Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Vegetable Product Imports

Imports in GCC

After two years of decline, supplies from abroad of vegetable products increased by X% to X tons in 2022. Overall, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vegetable product imports totaled $X in 2022. Over the period under review, imports recorded slight growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates imports structure, together committing X% of total imports. It was distantly followed by Kuwait (X tons), mixing up a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest vegetable product importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined X% share of total imports. These countries were followed by Oman, which accounted for a further X%.

Oman, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product import price increased by X% against 2018 indices. The growth pace was the most rapid in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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