Saudi Arabia: Nuts Market 2024

Nuts Market Size in Saudi Arabia

In 2022, the Saudi nuts market decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in Saudi Arabia

In value terms, nuts production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Nuts production peaked at $X in 2020; afterwards, it flattened through to 2022.

The average yield of nuts in Saudi Arabia stood at less than X kg per ha in 2022, almost unchanged from the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nuts production in Saudi Arabia stood at less than X ha, approximately mirroring 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Nuts Exports

Exports from Saudi Arabia

In 2022, nuts exports from Saudi Arabia dropped to X tons, with a decrease of X% compared with 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports shrank remarkably to $X in 2022. In general, exports showed a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons), the Netherlands (X tons) and Indonesia (X tons) were the main destinations of nuts exports from Saudi Arabia, together comprising X% of total exports.

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

In value terms, the largest markets for nuts exported from Saudi Arabia were the Netherlands ($X), Bahrain ($X) and Indonesia ($X), together accounting for X% of total exports.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to 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 nuts export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Indonesia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Nuts Imports

Imports into Saudi Arabia

Nuts imports into Saudi Arabia surged to X tons in 2022, jumping by X% on the previous year. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, nuts imports skyrocketed to $X in 2022. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest nuts supplier to Saudi Arabia, with a X% share of total imports. Moreover, nuts imports from the United States exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The third position in this ranking was held by Syrian Arab Republic (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Syrian Arab Republic (X% per year).

In value terms, the United States ($X) constituted the largest supplier of nuts to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, showed a strong expansion. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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