Saudi Arabia: Frozen Potato Market 2022

Frozen Potato Market Size in Saudi Arabia

The Saudi frozen potato market stood at $X in 2021, with an increase of 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). Overall, consumption, however, continues to indicate a strong increase. Frozen potato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Potato Exports

Exports from Saudi Arabia

In 2021, overseas shipments of frozen potatoes were finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen potato exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a dramatic downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons), Sudan (X tons) and Lebanon (X tons) were the main destinations of frozen potato exports from Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, the largest markets for frozen potato exported from Saudi Arabia were Kuwait ($X), Sudan ($X) and Lebanon ($X, 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 a decline.

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, leveling off at the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen potato export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 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 2020, and then fell slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was decline in purchases abroad of frozen potatoes, when their volume decreased by -X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, frozen potato imports stood at $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of frozen potato imports to Saudi Arabia, together comprising X% of total imports. Egypt and France lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and the United States ($X) were the largest frozen potato suppliers to Saudi Arabia, together accounting for X% of total imports.

Belgium, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Market Intelligence Platform

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