Price for Food Preparations Not Elsewhere Specified or Included in Saudi Arabia - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Saudi Arabia (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Saudi Arabia (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Saudi Arabia
- Exports of Food Preparations Not Elsewhere Specified or Included in Saudi Arabia
Price for Food Preparations Not Elsewhere Specified or Included in Saudi Arabia (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $7,563 per ton, flattening at 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 2018 when the average import price increased by 4.3% against the previous year. The import price peaked at $8,390 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($66,310 per ton), while the price for India ($1,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Saudi Arabia (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $3,386 per ton in 2022, with an increase of 24% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,464 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8,115 per ton), while the average price for exports to Libya ($777 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 Sudan (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Saudi Arabia
After three years of growth, supplies from abroad of food preparations not elsewhere specified or included decreased by -2.9% to 112K tons in 2022. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year.
In value terms, imports of food preparations not elsewhere specified or included declined to $850M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 8.5% against the previous year. As a result, imports attained the peak of $885M, and then declined in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 257 | 276 | 303 | 286 | 3.6% |
| Netherlands | 80.2 | 63.2 | 59.5 | 63.0 | -7.7% |
| Denmark | 57.0 | 63.0 | 58.4 | 55.4 | -0.9% |
| United Arab Emirates | 40.2 | 45.7 | 47.3 | 44.7 | 3.6% |
| United States | 39.8 | 32.9 | 45.0 | 42.6 | 2.3% |
| Egypt | 45.0 | 46.7 | 45.6 | 42.6 | -1.8% |
| Germany | 29.8 | 34.0 | 43.7 | 41.3 | 11.5% |
| Italy | 18.6 | 24.0 | 37.3 | 35.3 | 23.8% |
| Bahrain | 2.4 | 33.1 | 29.8 | 28.2 | 127.3% |
| United Kingdom | 24.8 | 17.4 | 20.3 | 19.4 | -7.9% |
| Belgium | 11.6 | 13.4 | 16.9 | 16.0 | 11.3% |
| France | 11.5 | 11.0 | 12.3 | 11.6 | 0.3% |
| India | 7.6 | 6.0 | 5.9 | 6.1 | -7.1% |
| Others | 140 | 149 | 160 | 158 | 4.1% |
| Total | 766 | 816 | 885 | 850 | 3.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Saudi Arabia in 2022:
- Denmark (12.7K tons)
- United Arab Emirates (11.7K tons)
- Bahrain (9.6K tons)
- Germany (8.2K tons)
- Italy (6.6K tons)
- United Kingdom (5.1K tons)
- Netherlands (4.8K tons)
- United States (4.5K tons)
- Ireland (4.3K tons)
- India (3.9K tons)
- Egypt (3.8K tons)
- France (3.7K tons)
- Belgium (3.7K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Saudi Arabia
In 2022, after three years of growth, there was significant decline in shipments abroad of food preparations not elsewhere specified or included, when their volume decreased by -12.7% to 7.6K tons. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 53%.
In value terms, exports of food preparations not elsewhere specified or included expanded notably to $26M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. As a result, the exports reached the peak of $28M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Food Preparations Not Elsewhere Specified or Included in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.8 | 8.2 | 2.6 | 4.6 | -1.4% |
| Kuwait | 0.2 | 0.4 | 3.9 | 3.5 | 159.6% |
| Bahrain | 0.7 | 4.0 | 3.5 | 3.2 | 66.0% |
| United Arab Emirates | 1.0 | 1.4 | 3.6 | 3.2 | 47.4% |
| Oman | 0.3 | 0.6 | 2.4 | 2.2 | 94.3% |
| Yemen | 1.3 | 0.9 | 2.3 | 2.1 | 17.3% |
| Egypt | 0.3 | 0.3 | 1.0 | 0.9 | 44.2% |
| Malaysia | 0.8 | 1.5 | 0.6 | 0.8 | 0.0% |
| Sudan | 0.1 | 0.3 | 0.9 | 0.8 | 100.0% |
| Jordan | 0.3 | 0.2 | 0.7 | 0.7 | 32.6% |
| Libya | 1.4 | N/A | N/A | 0.4 | -34.1% |
| Lebanon | 0.9 | 0.3 | N/A | 0.4 | -23.7% |
| Others | 4.5 | 9.5 | 2.2 | 3.1 | -11.7% |
| Total | 16.5 | 27.8 | 23.8 | 25.8 | 16.1% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Saudi Arabia in 2022:
- Kuwait (1220.6 tons)
- Yemen (973.8 tons)
- United Arab Emirates (967.1 tons)
- Oman (889.4 tons)
- Bahrain (726.2 tons)
- Indonesia (569.6 tons)
- Libya (541.0 tons)
- Egypt (379.5 tons)
- Sudan (335.6 tons)
- Lebanon (142.6 tons)
- Jordan (137.9 tons)
- Malaysia (131.4 tons)
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