Saudi Arabia: Potato Market 2024

Potato Market Size in Saudi Arabia

The Saudi potato market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a resilient increase. Potato consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Potato Production in Saudi Arabia

In value terms, potato production declined to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. Potato production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of potatoes in Saudi Arabia amounted to X tons per ha in 2022, picking up by X% against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The potato yield peaked in 2022 and is expected to retain growth in the near future. 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 potatoes production in Saudi Arabia reached X ha, approximately mirroring the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to potato production reached the peak figure in 2022 and is likely to see steady growth in years to come.

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Potato Exports

Exports from Saudi Arabia

In 2021, overseas shipments of potatoes decreased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, potato exports amounted to $X in 2021. Over the period under review, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for potato exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bahrain totaled X%.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain amounted to X%.

Export Prices by Country

In 2021, the average potato export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2021, the rate of growth in terms of prices for Kuwait amounted to X% per year.

Potato Imports

Imports into Saudi Arabia

In 2022, approx. X tons of potatoes were imported into Saudi Arabia; dropping by X% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, potato imports reduced sharply to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), India (X tons) and Germany (X tons) were the main suppliers of potato imports to Saudi Arabia, together comprising X% of total imports. France, the UK, Egypt and Denmark lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X) constituted the largest supplier of potatoes to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average potato import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform