Saudi Arabia: Avocado Market Overview 2021

Avocado Market Size in Saudi Arabia

The Saudi avocado market rose slightly to $X in 2019, surging by 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). In general, consumption, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level in 2019 and is likely to continue growth in years to come.

Avocado Exports

Exports from Saudi Arabia

In 2019, shipments abroad of avocados decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes, and then shrank dramatically in the following year.

In value terms, avocado exports shrank notably to $X in 2019. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Oman (X tonnes), the United Arab Emirates (X tonnes) and the UK (X tonnes) were the main destinations of avocado exports from Saudi Arabia, together accounting for X% of total exports. Bahrain, Jordan and Yemen lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for avocado exported from Saudi Arabia were Bahrain ($X), Jordan ($X) and Oman ($X), with a combined X% share of total exports.

Bahrain recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average avocado export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible slump. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Bahrain ($X per tonne), while the average price for exports to the UK ($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 UK, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Saudi Arabia

Avocado imports into Saudi Arabia fell to X tonnes in 2019, waning by -X% against the previous year's figure. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes, and then reduced in the following year.

In value terms, avocado imports expanded significantly to $X in 2019. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Kenya (X tonnes) constituted the largest avocado supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, avocado imports from Kenya exceeded the figures recorded by the second-largest supplier, Spain (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 rate of growth in terms of volume from Kenya stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and South Africa (+X% per year).

In value terms, Kenya ($X) constituted the largest supplier of avocado to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Kenya totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2019, the average avocado import price amounted to $X per tonne, jumping by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., 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 avocados in the world?

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The countries with the highest volumes of avocado consumption in 2019 were the U.S. (1.2M tonnes), Mexico (1.1M tonnes) and the Dominican Republic (626K tonnes), together comprising 41% of global consumption. Colombia, Indonesia, Brazil, Haiti, Peru, Kenya, China, France, Guatemala and Venezuela lagged somewhat behind, together comprising a further 33%.

What are the largest producers of avocados in the world?

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Mexico (2.3M tonnes) constituted the country with the largest volume of avocado production, comprising approx. 33% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (662K tonnes), threefold. The third position in this ranking was occupied by Peru (536K tonnes), with a 7.6% share.

What are the leading suppliers of avocados to Saudi Arabia?

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In value terms, Kenya ($12M) constituted the largest supplier of avocado to Saudi Arabia, comprising 38% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($4.5M), with a 14% share of total imports. It was followed by Spain, with a 14% share.

What are the leading importers of avocados from Saudi Arabia?

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In value terms, Bahrain ($21K), Jordan ($11K) and Oman ($9.2K) appeared to be the largest markets for avocado exported from Saudi Arabia worldwide, together comprising 67% of total exports.

What is the average export price for avocados in Saudi Arabia?

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The average avocado export price stood at $936 per tonne in 2019, surging by 119% against the previous year.

What is the average import price for avocados in Saudi Arabia?

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The average avocado import price stood at $1,795 per tonne in 2019, jumping by 16% against the previous year.