Saudi Arabia: Grain Market 2024

Grain Market Size in Saudi Arabia

The Saudi grain market rose to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a pronounced setback. Grain consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Saudi Arabia

In value terms, grain production stood at $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. 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 reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average grain yield in Saudi Arabia contracted modestly to X tons per ha, shrinking by X% against 2021. In general, the yield recorded a slight reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The grain yield peaked at X tons per ha in 2018; however, from 2019 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, the total area harvested in terms of cereal grains production in Saudi Arabia reached X ha, remaining relatively unchanged against the previous year's figure. Overall, the harvested area, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to grain production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Grain Exports

Exports from Saudi Arabia

In 2022, the amount of cereal grains exported from Saudi Arabia amounted to X tons, surging by X% against the previous year's figure. In general, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports dropped to $X in 2022. Over the period under review, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), the UK (X tons) and Tanzania (X tons) were the main destinations of grain exports from Saudi Arabia, with a combined X% share of total exports. Ethiopia, Romania, the United Arab Emirates and Bahrain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grain exported from Saudi Arabia were Namibia ($X), the UK ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Ethiopia, Tanzania, Bahrain and Romania lagged somewhat behind, together comprising a further X%.

Ethiopia, with a CAGR of X%, saw the highest growth rate of 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

The average grain export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a noticeable descent. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Saudi Arabia

In 2022, the amount of cereal grains imported into Saudi Arabia rose significantly to X tons, increasing by X% on 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, grain imports contracted to $X in 2022. In general, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of grain imports to Saudi Arabia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Russia ($X) and Poland ($X) were the largest grain suppliers to Saudi Arabia, with a combined X% share of total imports.

In terms of the main suppliers, Poland, 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

The average grain import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Poland ($X per ton), while the price for Brazil ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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