
Saudi Arabia - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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Saudi Arabia: Sugar Market Overview 2021
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Sugar Market Size in Saudi Arabia
The Saudi sugar market surged to $X in 2019, with an increase of 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). Over the period under review, consumption posted tangible growth. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Sugar consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
Sugar Exports
Exports from Saudi Arabia
In 2019, after three years of growth, there was significant decline in overseas shipments of sugar, when their volume decreased by -X% to X tonnes. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2018, and then declined remarkably in the following year.
In value terms, sugar exports declined rapidly to $X in 2019. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports remained at a lower figure.
Exports by Country
Jordan (X tonnes) was the main destination for sugar exports from Saudi Arabia, with a X% share of total exports. Moreover, sugar exports to Jordan exceeded the volume sent to the second major destination, Iraq (X tonnes), more than tenfold.
From 2007 to 2019, the average annual growth rate of volume to Jordan amounted to +X%.
In value terms, Jordan ($X) remains the key foreign market for sugar exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Iraq ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to Jordan amounted to +X%.
Export Prices by Country
In 2019, the average sugar export price amounted to $X per tonne, approximately mirroring the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Iraq ($X per tonne), while the average price for exports to Jordan totaled $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iraq.
Sugar Imports
Imports into Saudi Arabia
In 2019, sugar imports into Saudi Arabia soared to X tonnes, growing by X% compared with 2018 figures. In general, total imports indicated noticeable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to continue growth in years to come.
In value terms, sugar imports expanded significantly to $X in 2019. Overall, imports showed perceptible growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.
Imports by Country
In 2019, Brazil (X tonnes) was the main sugar supplier to Saudi Arabia, with a approx. X% share of total imports.
From 2007 to 2019, the average annual growth rate of volume from Brazil stood at +X%.
In value terms, Brazil ($X) constituted the largest supplier of sugar to Saudi Arabia.
From 2007 to 2019, the average annual growth rate of value from Brazil stood at +X%.
Import Prices by Country
In 2019, the average sugar import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2007 to 2019, the rate of growth in terms of prices for Brazil amounted to -X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for sugar in the world?+
The countries with the highest volumes of sugar consumption in 2019 were Brazil (26M tonnes), India (25M tonnes) and China (11M tonnes), with a combined 32% share of global consumption. These countries were followed by the U.S., Thailand, Pakistan, Russia, Mexico, France, Germany and Indonesia, which together accounted for a further 29%.
What are the largest producers of sugar in the world?+
The countries with the highest volumes of sugar production in 2019 were Brazil (42M tonnes), India (24M tonnes) and Thailand (13M tonnes), with a combined 41% share of global production. China, Pakistan, the U.S., Russia, Mexico, France, Germany, Australia and Guatemala lagged somewhat behind, together comprising a further 30%.
What are the leading suppliers of sugar to Saudi Arabia?+
In value terms, Brazil ($518M) constituted the largest supplier of sugar to Saudi Arabia.
What are the leading importers of sugar from Saudi Arabia?+
In value terms, Jordan ($50M) remains the key foreign market for sugar exports from Saudi Arabia, comprising 188% of total exports. The second position in the ranking was occupied by Iraq ($4.4M), with a 17% share of total exports.
What is the average export price for sugar in Saudi Arabia?+
The average sugar export price stood at $433 per tonne in 2019, standing approx. at the previous year.
What is the average import price for sugar in Saudi Arabia?+
The average sugar import price stood at $273 per tonne in 2019, dropping by -14.1% against the previous year.
This report provides an in-depth analysis of the sugar market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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