Saudi Arabia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Saudi Arabia

The Saudi orange juice (single strength) market contracted remarkably to $X in 2022, which is down by X% against the previous year. In general, consumption faced a deep setback. Orange juice (single strength) consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Orange Juice (Single Strength) in Saudi Arabia

In value terms, orange juice (single strength) production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Orange Juice (Single Strength)

Exports from Saudi Arabia

In 2022, approx. X tons of orange juice (single strength) were exported from Saudi Arabia; falling by X% compared with 2021 figures. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, orange juice (single strength) exports contracted slightly to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Oman (X tons) was the main destination for orange juice (single strength) exports from Saudi Arabia, with a X% share of total exports. Moreover, orange juice (single strength) exports to Oman exceeded the volume sent to the second major destination, Kuwait (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Bahrain (X% per year).

In value terms, Oman ($X) emerged as the key foreign market for orange juice (single strength) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the average orange juice (single strength) export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Kuwait ($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 Bahrain (X%), while the prices for the other major destinations experienced a decline.

Imports of Orange Juice (Single Strength)

Imports into Saudi Arabia

Orange juice (single strength) imports into Saudi Arabia shrank significantly to X tons in 2021, which is down by X% against the previous year's figure. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, orange juice (single strength) imports dropped dramatically to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kuwait (X tons) constituted the largest supplier of orange juice (single strength) to Saudi Arabia, accounting for a X% share of total imports. Moreover, orange juice (single strength) imports from Kuwait exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Kuwait stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Austria (X% per year).

In value terms, the largest orange juice (single strength) suppliers to Saudi Arabia were Kuwait ($X), Spain ($X) and Austria ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price continues to indicate a mild increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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