GCC: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in GCC

In 2021, the GCC market for peel of citrus fruit or melons decreased by -11.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Production of Peel Of Citrus Fruit Or Melons in GCC

In value terms, citrus fruit or melons peel production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 46%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in GCC

In 2021, after two years of growth, there was significant decline in shipments abroad of peel of citrus fruit or melons, when their volume decreased by -72.1% to X tons. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 547%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports contracted significantly to $X in 2021. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 294% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X tons, which amounted to 81% of total exports. It was distantly followed by Oman (X tons), achieving a 16% share of total exports. Saudi Arabia (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to citrus fruit or melons peel exports from the United Arab Emirates stood at -15.4%. At the same time, Oman (+87.4%) and Saudi Arabia (+26.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +87.4% from 2012-2021. From 2012 to 2021, the share of Oman and Saudi Arabia increased by +16 and +3.2 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest citrus fruit or melons peel supplier in GCC, comprising 60% of total exports. The second position in the ranking was taken by Oman ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -16.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+148.6% per year) and Saudi Arabia (+39.7% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, rising by 27% against the previous year. In general, the export price showed a slight increase. The most prominent rate of growth was recorded in 2014 an increase of 124%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+32.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Peel Of Citrus Fruit Or Melons

Imports in GCC

In 2021, the amount of peel of citrus fruit or melons imported in GCC contracted rapidly to X tons, waning by -46.1% on the previous year. In general, imports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2019 when imports increased by 314%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports surged to $X in 2021. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 169%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of peel of citrus fruit or melons in GCC, with the volume of imports resulting at X tons, which was approx. 55% of total imports in 2021. It was distantly followed by Qatar (X tons) and Saudi Arabia (X tons), together making up a 39% share of total imports. Oman (X tons) and Kuwait (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +50.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported peel of citrus fruit or melons in GCC, comprising 71% of total imports. The second position in the ranking was held by Qatar ($X), with a 15% share of total imports. It was followed by Saudi Arabia, with a 9.7% share.

In the United Arab Emirates, citrus fruit or melons peel imports expanded at an average annual rate of +13.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+5.6% per year) and Saudi Arabia (+101.5% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, picking up by 152% against the previous year. In general, the import price continues to indicate a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+34.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform