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Saudi Arabia - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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Saudi Arabia: Cherry Market Overview 2021

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Cherry Market Size in Saudi Arabia

The Saudi cherry market skyrocketed to $X in 2019, increasing 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). Over the period under review, consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in the immediate term.

Cherry Exports

Exports from Saudi Arabia

For the third consecutive year, Saudi Arabia recorded decline in overseas shipments of cherries, which decreased by -X% to X tonnes in 2019. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, cherry exports skyrocketed to $X in 2019. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tonnes), Oman (X tonnes) and Mongolia (X kg) were the main destinations of cherry exports from Saudi Arabia, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Mongolia, while shipments for the other leaders experienced a decline.

In value terms, Oman ($X) remains the key foreign market for cherry exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Oman stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Mongolia (X% per year).

Export Prices by Country

In 2019, the average cherry export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, export price indicated a noticeable 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. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Mongolia ($X per tonne), while the average price for exports to Kuwait ($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 Oman, while the prices for the other major destinations experienced mixed trend patterns.

Cherry Imports

Imports into Saudi Arabia

In 2019, overseas purchases of cherries increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, cherry imports amounted to $X in 2019. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2016; afterwards, it flattened through to 2019.

Imports by Country

Lebanon (X tonnes), Syrian Arab Republic (X tonnes) and Turkey (X tonnes) were the main suppliers of cherry imports to Saudi Arabia, together comprising X% of total imports. These countries were followed by Australia, the U.S., Greece and Chile, which together accounted for a further X 2007 to 2019, the biggest increases were in the U.S. (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry suppliers to Saudi Arabia were Lebanon ($X), Australia ($X) and Chile ($X), together comprising X% of total imports. Turkey, Syrian Arab Republic, the U.S. and Greece lagged somewhat behind, together accounting for a further X terms of the main suppliers, the U.S. saw the highest rates of growth with regard to 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 cherry import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, import price indicated buoyant growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Chile ($X per tonne), while the price for Syrian Arab Republic ($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 cherries in the world?
+
The country with the largest volume of cherry consumption was Turkey (584K tonnes), comprising approx. 22% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the U.S. (251K tonnes), twofold. The third position in this ranking was occupied by China (230K tonnes), with a 8.7% share.
What are the largest producers of cherries in the world?
+
The countries with the highest volumes of cherry production in 2019 were Turkey (664K tonnes), Chile (412K tonnes) and the U.S. (321K tonnes), with a combined 50% share of global production.
What are the leading suppliers of cherries to Saudi Arabia?
+
In value terms, Lebanon ($167K), Australia ($163K) and the U.S. ($160K) appeared to be the largest cherry suppliers to Saudi Arabia, together accounting for 49% of total imports. These countries were followed by Turkey, Chile, Thailand, Greece, Sri Lanka and Madagascar, which together accounted for a further 42%.
What are the leading importers of cherries from Saudi Arabia?
+
In value terms, the largest markets for cherry exported from Saudi Arabia were Kuwait ($15K) and Mongolia ($15K), together comprising 99% of total exports.
What is the average export price for cherries in Saudi Arabia?
+
The average cherry export price stood at $2,324 per tonne in 2019, reducing by -27.1% against the previous year.
What is the average import price for cherries in Saudi Arabia?
+
In 2019, the average cherry import price amounted to $2,296 per tonne, growing by 16% against the previous year.

Product coverage:
• FCL 530 - Sour cherries
• FCL 531 - Cherries

This report provides an in-depth analysis of the cherry 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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