Report Update Apr 1, 2024

Saudi Arabia - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Banana Market 2024

Banana Market Size in Saudi Arabia

The Saudi banana market soared to $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Banana Production in Saudi Arabia

In value terms, banana production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a deep setback. Banana production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of bananas in Saudi Arabia amounted to less than X kg per ha, remaining constant against the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of bananas in Saudi Arabia amounted to less than X ha, approximately equating 2021. Overall, the harvested area saw a relatively flat trend pattern.

Banana Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was decline in overseas shipments of bananas, when their volume decreased by X% to X tons. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, banana exports dropped to $X in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Jordan (X tons) was the main destination for banana exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan totaled X%.

In value terms, Jordan ($X) emerged as the key foreign market for bananas exports from Saudi Arabia.

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

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Jordan.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to X% per year.

Banana Imports

Imports into Saudi Arabia

In 2019, imports of bananas into Saudi Arabia was estimated at X tons, surging by X% against the previous year. Over the period under review, imports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2019, the growth of imports remained at a lower figure.

In value terms, banana imports expanded markedly to $X in 2019. Overall, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2019, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Philippines (X tons), Ecuador (X tons) and Sri Lanka (X tons) were the main suppliers of banana imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were recorded for Ecuador (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Philippines ($X), Ecuador ($X) and Sri Lanka ($X) appeared to be the largest banana suppliers to Saudi Arabia, with a combined X% share of total imports.

In terms of the main suppliers, Ecuador, with a CAGR of X%, 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

In 2019, the average banana import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2019, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Sri Lanka ($X per ton), while the price for Ecuador ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas in the world?

India constituted the country with the largest volume of banana consumption, comprising approx. 26% of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was held by Indonesia, with a 6.7% share.

What are the largest producers of bananas in the world?

India remains the largest banana producing country worldwide, accounting for 26% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China, threefold. Ecuador ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of bananas to Saudi Arabia?

In value terms, the Philippines, Ecuador and Sri Lanka constituted the largest banana suppliers to Saudi Arabia, together accounting for 97% of total imports.

What are the leading importers of bananas from Saudi Arabia?

In value terms, Jordan emerged as the key foreign market for bananas exports from Saudi Arabia.

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

In 2022, the average banana export price amounted to $603 per ton, almost unchanged from the previous year.

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

In 2019, the average banana import price amounted to $692 per ton, falling by -1.6% against the previous year.

This report provides an in-depth analysis of the banana 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 486 - Bananas

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023