GCC: Mixed Juices Market 2024

Mixed Juices Market Size in GCC

In 2022, the GCC mixed juices market decreased by -0.9% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mixed Juices Production in GCC

In value terms, mixed juices production totaled $X in 2022 estimated in export price. In general, production saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports in GCC

After six years of decline, overseas shipments of mixtures of fruit and vegetable juices increased by 1.5% to X tons in 2022. Overall, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 9.1% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed juices exports expanded modestly to $X in 2022. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the largest exporter of mixtures of fruit and vegetable juices in GCC, with the volume of exports resulting at X tons, which was approx. 74% of total exports in 2022. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together held approx. 24% share of total exports. Oman (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia decreased at an average annual rate of -11.6% from 2012 to 2022. At the same time, Oman (+35.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +35.8% from 2012-2022. By contrast, the United Arab Emirates (-9.6%) and Kuwait (-9.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+2.3 p.p.) and Oman (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest mixed juices supplier in GCC, comprising 76% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Kuwait, with a 7.7% share.

In Saudi Arabia, mixed juices exports decreased by an average annual rate of -6.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-7.8% per year) and Kuwait (-5.2% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, approximately equating the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices export price increased by +54.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 18%. The level of export peaked in 2022 and is expected to retain 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 Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.8%), while the other leaders experienced more modest paces of growth.

Mixed Juices Imports

Imports in GCC

In 2022, overseas purchases of mixtures of fruit and vegetable juices increased by 4.1% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, mixed juices imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2013 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons), Oman (X tons) and Kuwait (X tons) represented roughly 92% of total imports in 2022. It was distantly followed by Qatar (X tons), creating a 5.5% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +2.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest mixed juices importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for 77% of total imports. Kuwait, Qatar and Bahrain lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Qatar, with a CAGR of +0.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by 8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2020 an increase of 16% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Saudi Arabia ($X per ton), while Bahrain ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform