Saudi Arabia: Meat Market 2024

Meat Market Size in Saudi Arabia

After three years of growth, the Saudi meat market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Meat consumption peaked at $X in 2021, and then dropped modestly in the following year.

Meat Production in Saudi Arabia

In value terms, meat production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Meat production peaked at $X in 2020; afterwards, it flattened through to 2022.

The average yield of meat in Saudi Arabia declined slightly to X kg per head in 2022, with a decrease of X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the yield increased by X%. Over the period under review, the average meat yield hit record highs at X kg per head in 2021, and then contracted slightly in the following year.

The number of animals slaughtered for meat production in Saudi Arabia was estimated at X heads in 2022, growing by X% against the year before. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the number of producing animals increased by X% against the previous year. As a result, the number of producing animals attained the peak level of X heads. From 2021 to 2022, the growth of this number remained at a lower figure.

Meat Exports

Exports from Saudi Arabia

Meat exports from Saudi Arabia surged to X tons in 2022, with an increase of X% compared with 2021. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for meat exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, meat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was taken by Yemen (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Yemen (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for meat exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Yemen (X% per year).

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, showed a perceptible increase. The pace of growth was the most pronounced in 2019 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Yemen ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Saudi Arabia

In 2022, after three years of growth, there was significant decline in purchases abroad of meat, when their volume decreased by X% to X tons. Overall, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, meat imports reduced to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Brazil (X tons) and Australia (X tons) were the main suppliers of meat imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest meat suppliers to Saudi Arabia were Brazil ($X), Australia ($X) and India ($X), with a combined X% share of total imports.

Australia, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average meat import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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