Saudi Arabia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Saudi Arabia

The Saudi agricultural harvester market rose modestly to $X in 2023, surging by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Agricultural Harvester Production in Saudi Arabia

In value terms, agricultural harvester production expanded rapidly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Agricultural Harvester Exports

Exports from Saudi Arabia

In 2023, overseas shipments of agricultural harvesters increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, agricultural harvester exports totaled $X in 2023. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Sudan (X units) was the main destination for agricultural harvester exports from Saudi Arabia, with a X% share of total exports. Moreover, agricultural harvester exports to Sudan exceeded the volume sent to the second major destination, Oman (X units), more than tenfold. Somalia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Somalia (X% per year).

In value terms, Sudan ($X) emerged as the key foreign market for agricultural harvesters exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by Somalia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Sudan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Somalia (X% per year).

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the 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 Qatar ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced a decline.

Agricultural Harvester Imports

Imports into Saudi Arabia

In 2023, purchases abroad of agricultural harvesters decreased by X% to X units, falling for the second consecutive year after two years of decline. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, agricultural harvester imports totaled $X in 2023. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Canada (X units) and China (X units) were the main suppliers of agricultural harvester imports to Saudi Arabia.

From 2014 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

In value terms, Canada ($X) constituted the largest supplier of agricultural harvesters to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of value from Canada was relatively modest.

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2021, leveling off at the previous year. In general, the import price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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 Canada ($X per unit), while the price for China amounted to $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform