Saudi Arabia: Market for Prepared Dishes and Meals 2024

Market Size for Prepared Dishes and Meals in Saudi Arabia

The Saudi prepared dishes and meal market skyrocketed to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption recorded strong growth. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Prepared Dishes and Meals in Saudi Arabia

In value terms, prepared dishes and meal production expanded markedly to $X in 2023 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Prepared dishes and meal production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Exports of Prepared Dishes and Meals

Exports from Saudi Arabia

In 2023, shipments abroad of prepared dishes and meals decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then contracted remarkably in the following year.

In value terms, prepared dishes and meal exports shrank remarkably to $X in 2023. Overall, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell rapidly in the following year.

Exports by Country

Kuwait (X tons), Yemen (X tons) and the United Arab Emirates (X tons) were the main destinations of prepared dishes and meal exports from Saudi Arabia, with a combined X% share of total exports. Oman, Bahrain, Indonesia, Egypt, Sudan and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared dishes and meal exported from Saudi Arabia were Indonesia ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared dishes and meal export price stood at $X per ton in 2023, flattening at the previous year. Overall, the export price, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes and Meals

Imports into Saudi Arabia

In 2023, overseas purchases of prepared dishes and meals decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, prepared dishes and meal imports amounted to $X in 2023. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Denmark (X tons), the United Arab Emirates (X tons) and Bahrain (X tons) were the main suppliers of prepared dishes and meal imports to Saudi Arabia, with a combined X% share of total imports. Germany, Italy, the UK, the Netherlands, Ireland, Egypt, the United States, France, Belgium and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of prepared dishes and meals to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Ireland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Denmark (X% per year).

Import Prices by Country

The average prepared dishes and meal import price stood at $X per ton in 2023, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform