GCC: Apple Juice Market 2024

Apple Juice Market Size in GCC

In 2021, the GCC apple juice market increased by 5.3% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Apple Juice Production in GCC

In value terms, apple juice production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 32%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Apple Juice Exports

Exports in GCC

In 2021, approx. X tons of apple juice (single strength) were exported in GCC; falling by -20.2% against 2020 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, apple juice exports expanded significantly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 53%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 89% of total exports in 2021. It was distantly followed by Kuwait (X tons), generating a 10% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of +11.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) emerged as the largest apple juice supplier in GCC, comprising 60% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 30% share of total exports.

In the United Arab Emirates, apple juice exports increased at an average annual rate of +17.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+2.7% per year) and Kuwait (-15.2% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, picking up by 42% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 Arab Emirates (+5.2%), while the other leaders experienced a decline in the export price figures.

Apple Juice Imports

Imports in GCC

In 2021, purchases abroad of apple juice (single strength) increased by 20% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 300% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, apple juice imports skyrocketed to $X in 2021. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 300% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Saudi Arabia represented the key importing country with an import of around X tons, which accounted for 63% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Bahrain (X tons). All these countries together held approx. 28% share of total imports. Oman (X tons), Kuwait (X tons) and Qatar (X tons) held a little share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +16.1% from 2012 to 2021. At the same time, Qatar (+30.0%), Bahrain (+28.3%), Oman (+26.7%) and the United Arab Emirates (+16.3%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +30.0% from 2012-2021. By contrast, Kuwait (-3.1%) illustrated a downward trend over the same period. Bahrain (+4.8 p.p.), Oman (+2 p.p.), Qatar (+1.7 p.p.) and Saudi Arabia (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait saw its share reduced by -10.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported apple juice (single strength) in GCC, comprising 65% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Bahrain, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia totaled +15.4%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.4% per year) and Bahrain (+32.1% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, increasing by 7.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 17%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform