Saudi Arabia: Grain Market 2024

Grain Market Size in Saudi Arabia

The Saudi grain market rose modestly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a noticeable contraction. Grain consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Grain Production in Saudi Arabia

In value terms, grain production rose rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Grain production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of grain in Saudi Arabia declined to X tons per ha in 2022, shrinking by X% on the previous year. Over the period under review, the yield continues to indicate a mild setback. The pace of growth was the most pronounced in 2015 when the yield increased by X%. Over the period under review, the average grain yield attained the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Saudi Arabia totaled X ha in 2022, approximately mirroring 2021 figures. In general, the harvested area, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to grain production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Grain Exports

Exports from Saudi Arabia

In 2022, grain exports from Saudi Arabia rose sharply to X tons, growing by X% compared with 2021. In general, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports fell to $X in 2022. Overall, exports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), the UK (X tons) and Tanzania (X tons) were the main destinations of grain exports from Saudi Arabia, with a combined X% share of total exports. Ethiopia, Romania, the United Arab Emirates and Bahrain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grain exported from Saudi Arabia were Namibia ($X), the UK ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Ethiopia, Tanzania, Bahrain and Romania lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, 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 the United Arab Emirates ($X per ton), while the average price for exports to Tanzania ($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 Ethiopia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Saudi Arabia

In 2022, the amount of grain imported into Saudi Arabia expanded significantly to X tons, rising by X% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, grain imports contracted slightly to $X in 2022. Overall, imports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Argentina (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of grain imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Russia ($X) and Poland ($X) appeared to be the largest grain suppliers to Saudi Arabia, together accounting for X% of total imports.

Poland, 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 grain import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Poland ($X per ton), while the price for Brazil ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :