Saudi Arabia: Canned Food Market 2024

Canned Food Market Size in Saudi Arabia

The Saudi canned food market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a strong increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Canned Food Production in Saudi Arabia

In value terms, canned food production fell to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Canned food production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Canned Food Exports

Exports from Saudi Arabia

In 2022, the amount of canned food exported from Saudi Arabia reduced slightly to X tons, which is down by X% compared with the previous year. In general, total exports indicated perceptible growth from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, canned food exports contracted markedly to $X in 2022. Overall, total exports indicated a moderate expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons), Vietnam (X tons) and Kuwait (X tons) were the main destinations of canned food exports from Saudi Arabia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned food exported from Saudi Arabia were Kuwait ($X), the United Arab Emirates ($X) and Iraq ($X), together comprising X% of total exports. Yemen, Jordan, Vietnam, Pakistan and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 canned food export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a mild setback. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Saudi Arabia

Canned food imports into Saudi Arabia stood at X tons in 2022, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, canned food imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Spain (X tons) and China (X tons) were the main suppliers of canned food imports to Saudi Arabia, together comprising X% of total imports. Italy, Jordan, Malaysia, Egypt, Thailand, the United States, Syrian Arab Republic, France, Turkey and Lebanon lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest canned food suppliers to Saudi Arabia were the United Arab Emirates ($X), Spain ($X) and France ($X), together comprising X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average canned food import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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