Saudi Arabia: Soups Market 2024

Soups Market Size in Saudi Arabia

In 2022, the Saudi soups market decreased by X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption, however, posted a noticeable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Soups Production in Saudi Arabia

In value terms, soups production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw tangible growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Soups production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Soups Exports

Exports from Saudi Arabia

In 2022, overseas shipments of soups and broths decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a mild slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, soups exports reached $X in 2022. Over the period under review, exports saw a slight curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X%. 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

Kuwait (X tons), the United Arab Emirates (X tons) and Jordan (X tons) were the main destinations of soups exports from Saudi Arabia, together comprising X% of total exports. Bahrain, Oman and Yemen lagged somewhat behind, together accounting for a further X%.

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

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Jordan ($X) constituted the largest markets for soups exported from Saudi Arabia worldwide, together comprising X% of total exports. Bahrain, Oman and Yemen lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded 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 soups export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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

Soups Imports

Imports into Saudi Arabia

In 2021, the amount of soups and broths imported into Saudi Arabia contracted to X tons, reducing by X% on the previous year's figure. Overall, total imports indicated a strong expansion 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, soups imports stood at $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest soups supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, soups imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Spain (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of soups and broths to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Spain (X% per year).

Import Prices by Country

In 2021, the average soups import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :