Saudi Arabia: Sugar Crop Market 2024

Sugar Crop Market Size in Saudi Arabia

The Saudi sugar crop market soared to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Saudi Arabia

In value terms, sugar crop production stood at $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average sugar crop yield in Saudi Arabia stood at less than X kg per ha, flattening at 2021 figures. Over the period under review, the yield showed 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, approx. less than X ha of sugar crops were harvested in Saudi Arabia; remaining relatively unchanged against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

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Sugar Crop Exports

Exports from Saudi Arabia

For the third year in a row, Saudi Arabia recorded growth in overseas shipments of sugar crops, which increased by X% to X tons in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Oman (X tons) was the main destination for sugar crop exports from Saudi Arabia, with a X% share of total exports. Moreover, sugar crop exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold.

From 2018 to 2022, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Maldives (X% per year).

In value terms, Oman ($X) emerged as the key foreign market for sugar crops exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports.

From 2018 to 2022, the average annual growth rate of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Maldives (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%).

Sugar Crop Imports

Imports into Saudi Arabia

In 2022, supplies from abroad of sugar crops was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sugar crop imports surged to $X in 2022. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest sugar crop supplier to Saudi Arabia, with a X% share of total imports. Moreover, sugar crop imports from Egypt exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Indonesia (X% per year).

In value terms, Egypt ($X) constituted the largest supplier of sugar crops to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, 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

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