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Saudi Arabia - Honey - Market Analysis, Forecast, Size, Trends and Insights
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Saudi Arabia: Honey Market Overview 2020

Honey Market Size in Saudi Arabia

The revenue of the honey market in Saudi Arabia amounted to $X in 2018, rising by X% against the previous year. In general, honey consumption continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Honey consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Honey Production in Saudi Arabia

In value terms, honey production amounted to $X in 2018 estimated in export prices. Over the period under review, honey production continues to indicate a significant decrease. The pace of growth was the most pronounced in 2011 when production volume increased by X% y-o-y. In that year, honey production attained its peak level of $X. From 2012 to 2018, honey production growth remained at a somewhat lower figure.

Honey Exports

Exports from Saudi Arabia

In 2018, approx. X tonnes of honey were exported from Saudi Arabia; shrinking by -X% against the previous year. Over the period under review, honey exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, honey exports amounted to $X in 2018. Overall, honey exports continue to indicate a slight setback. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, honey exports reached their peak figure at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tonnes), Indonesia (X tonnes) and Jordan (X tonnes) were the main destinations of honey exports from Saudi Arabia, together comprising X% of total exports. Kuwait, Iraq, Algeria, Pakistan, Oman, Qatar, Syrian Arab Republic, Malaysia and Yemen lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Pakistan, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for honey exported from Saudi Arabia were the United Arab Emirates ($X), Algeria ($X) and Indonesia ($X), together comprising X% of total exports. Jordan, Kuwait, Oman, Qatar, Syrian Arab Republic, Malaysia, Iraq, Pakistan and Yemen lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average honey export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price indicated a strong increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey export price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2011 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for honey reached their maximum at $X per tonne in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Algeria ($X per tonne), while the average price for exports to Yemen ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Algeria, while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Saudi Arabia

Honey imports into Saudi Arabia amounted to X tonnes in 2018, growing by X% against the previous year. Over the period under review, the total imports indicated remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, honey imports reached their maximum at X tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, honey imports stood at $X in 2018. Overall, honey imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, honey imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Yemen (X tonnes) constituted the largest honey supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, honey imports from Yemen exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), twofold. Mexico (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Yemen amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Mexico (+X% per year).

In value terms, Germany ($X), Mexico ($X) and Yemen ($X) constituted the largest honey suppliers to Saudi Arabia, with a combined X% share of total imports. Pakistan, Argentina, India and China lagged somewhat behind, together accounting for a further X the main suppliers, China recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average honey import price stood at $X per tonne in 2018, waning by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. In that year, the average import prices for honey attained their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Yemen ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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