GCC: Cereal Market 2025

Cereal Market Size in GCC

The GCC cereal market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cereal Production in GCC

In value terms, cereal production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the United Arab Emirates (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of cereals in GCC rose markedly to X tons per ha, increasing by X% compared with 2021 figures. In general, the yield showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the cereal yield hit record highs in 2022 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cereal harvested area in GCC amounted to X ha, remaining constant against the previous year's figure. In general, the harvested area, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Cereal Exports

Exports in GCC

In 2022, shipments abroad of cereals decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cereal exports shrank significantly to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of cereals, achieving X% of total exports. It was distantly followed by Oman (X tons), generating a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest cereal supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Cereal Imports

Imports in GCC

Cereal imports amounted to X tons in 2022, increasing by X% compared with 2021 figures. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cereal imports expanded notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main importer of cereals, constituting X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Oman (X%). Qatar (X tons) followed a long way behind the leaders.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of cereals. At the same time, Kuwait (X%), Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported cereals in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In Saudi Arabia, cereal imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform