Saudi Arabia: Dry Peas Market 2022

Dry Peas Market Size in Saudi Arabia

The Saudi dry peas market expanded markedly to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Dry peas consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Dry Peas Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of peas (dry) decreased by -X% to X tonnes in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2020, and then dropped in the following year.

In value terms, dry peas exports reduced dramatically to $X in 2021. In general, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2020 when exports increased by X% y-o-y. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

India (X tonnes) was the main destination for dry peas exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, dry peas exports to India exceeded the volume sent to the second major destination, Yemen (X tonnes), threefold. The third position in this ranking was occupied by Kuwait (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+X% per year) and Kuwait (+X% per year).

In value terms, India ($X) emerged as the key foreign market for dry peas exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Oman ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and Yemen (+X% per year).

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Oman ($X per tonne), while the average price for exports to Bahrain ($X per tonne) 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 mixed trend patterns.

Dry Peas Imports

Imports into Saudi Arabia

Dry peas imports into Saudi Arabia expanded rapidly to X tonnes in 2021, growing by X% on the previous year's figure. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, dry peas imports expanded notably to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tonnes), the United States (X tonnes) and Canada (X tonnes) were the main suppliers of dry peas imports to Saudi Arabia, together accounting for X% of total imports. These countries were followed by Ukraine, Russia, Argentina and India, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to Saudi Arabia were the United Arab Emirates ($X), the United States ($X) and Canada ($X), together comprising X% of total imports. These countries were followed by Argentina, India, Russia and Ukraine, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2021, surging by X% against the previous year. In general, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform