Saudi Arabia: Fruit Flour Market 2024

Fruit Flour Market Size in Saudi Arabia

The Saudi fruit flour market dropped significantly to less than $X in 2022, shrinking by 99.9% against the previous year. Overall, consumption enjoyed a notable expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Fruit Flour Production in Saudi Arabia

In value terms, fruit flour production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Fruit flour production peaked in 2022 and is likely to continue growth in the immediate term.

Fruit Flour Exports

Exports from Saudi Arabia

In 2022, exports of fruit flour from Saudi Arabia soared to X tons, jumping by 65% on 2021. In general, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2014 when exports increased by 94%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit flour exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 86%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for fruit flour exports from Saudi Arabia, accounting for a 83% share of total exports. Moreover, fruit flour exports to Bahrain exceeded the volume sent to the second major destination, the United States (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Bahrain amounted to +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.3% per year) and Jordan (0.0% per year).

In value terms, Bahrain ($X) remains the key foreign market for fruit flour exports from Saudi Arabia, comprising 87% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain stood at +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.3% per year) and Jordan (0.0% per year).

Export Prices by Country

The average fruit flour export price stood at $X per ton in 2022, dropping by -3.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40%. As a result, the export price attained the peak level of $X per ton. From 2021 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 Jordan ($X per ton), while the average price for exports to the United States ($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 Mauritius (+1,092.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Saudi Arabia

Fruit flour imports into Saudi Arabia surged to X tons in 2021, with an increase of 21% on the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 27%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, fruit flour imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period 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 2014 when imports increased by 52% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest fruit flour supplier to Saudi Arabia, with a 60% share of total imports. Moreover, fruit flour imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.0% per year) and Vietnam (-4.3% per year).

In value terms, the largest fruit flour suppliers to Saudi Arabia were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined 81% share of total imports.

Thailand, with a CAGR of +19.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average fruit flour import price amounted to $X per ton, which is down by -17.4% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fruit flour import price decreased by -38.9% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 71% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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