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Saudi Arabia - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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Saudi Arabia: Apricot Market Overview 2021

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Apricot Market Size in Saudi Arabia

The Saudi apricot market soared to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Apricot Exports

Exports from Saudi Arabia

In 2019, shipments abroad of apricots decreased by -X% to X tonnes, falling for the fourth year in a row after five years of growth. Overall, exports, however, saw a modest expansion. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2016 to 2019, the growth exports remained at a lower figure.

In value terms, apricot exports shrank to $X in 2019. In general, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2016 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tonnes) was the main destination for apricot exports from Saudi Arabia, with a X% share of total exports. Moreover, apricot exports to Qatar exceeded the volume sent to the second major destination, Kuwait (X tonnes), sevenfold. Bahrain (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Bahrain (+X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for apricot exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Bahrain (+X% per year).

Export Prices by Country

The average apricot export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Saudi Arabia

In 2019, the amount of apricots imported into Saudi Arabia expanded remarkably to X tonnes, surging by X% on 2018 figures. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, apricot imports surged to $X in 2019. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Jordan (X tonnes) constituted the largest apricot supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, apricot imports from Jordan exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), twofold. South Africa (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Jordan totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and South Africa (+X% per year).

In value terms, the largest apricot suppliers to Saudi Arabia were Jordan ($X), South Africa ($X) and Turkey ($X), together accounting for X% of total imports.

Among the main suppliers, Turkey saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average apricot import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, apricot import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was South Africa ($X per tonne), while the price for Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Lebanon, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?
+
The countries with the highest volumes of apricot consumption in 2019 were Turkey (813K tonnes), Uzbekistan (479K tonnes) and Iran (329K tonnes), with a combined 39% share of global consumption.
What are the largest producers of apricots in the world?
+
The countries with the highest volumes of apricot production in 2019 were Turkey (847K tonnes), Uzbekistan (537K tonnes) and Iran (330K tonnes), together accounting for 41% of global production.
What are the leading suppliers of apricots to Saudi Arabia?
+
In value terms, the largest apricot suppliers to Saudi Arabia were Jordan ($4.6M), South Africa ($3.1M) and Turkey ($2M), with a combined 83% share of total imports.
What are the leading importers of apricots from Saudi Arabia?
+
In value terms, Qatar ($99K) emerged as the key foreign market for apricot exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was occupied by Kuwait ($21K), with a 13% share of total exports. It was followed by Bahrain, with a 9.9% share.
What is the average export price for apricots in Saudi Arabia?
+
The average apricot export price stood at $798 per tonne in 2019, declining by -5.7% against the previous year.
What is the average import price for apricots in Saudi Arabia?
+
In 2019, the average apricot import price amounted to $1,257 per tonne, surging by 4% against the previous year.

Product coverage:
• FCL 526 - Apricots

This report provides an in-depth analysis of the apricot 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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