Saudi Arabia: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Saudi Arabia

In 2022, the Saudi market for frozen vegetables other than potato and corn was finally on the rise to reach $X after three years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Frozen Vegetables other than Potato and Corn in Saudi Arabia

In value terms, production of frozen vegetables other than potato and corn amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Exports of Frozen Vegetables other than Potato and Corn

Exports from Saudi Arabia

In 2022, overseas shipments of frozen vegetables other than potato and corn decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn shrank sharply to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Saudi Arabia, with a X% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to Yemen exceeded the volume sent to the second major destination, Djibouti (X tons), twofold. The third position in this ranking was taken by Jordan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (X% per year) and Jordan (X% per year).

In value terms, Yemen ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Djibouti ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Yemen totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (X% per year) and Jordan (X% per year).

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Somalia ($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 Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Saudi Arabia

After three years of decline, supplies from abroad of frozen vegetables other than potato and corn increased by X% to X tons in 2022. Overall, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of frozen vegetables other than potato and corn shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of frozen vegetables other than potato and corn to Saudi Arabia, accounting for a X% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from Egypt exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Spain (X% per year).

In value terms, Egypt ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Poland ($X per ton), while the price for India ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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