GCC: Pulses Market 2024

Pulses Market Size in GCC

In 2022, the GCC pulses market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Pulses Production in GCC

In value terms, pulses production shrank dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Saudi Arabia (X tons) remains the largest pulses producing country in GCC, accounting for X% of total volume. Moreover, pulses production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Saudi Arabia stood at X%.

The average pulses yield contracted notably to X tons per ha in 2022, with a decrease of X% compared with the year before. Overall, the yield showed a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of pulses production in GCC shrank modestly to X ha, flattening at 2021. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Pulses Exports

Exports in GCC

For the fourth consecutive year, GCC recorded growth in overseas shipments of pulses, which increased by X% to X tons in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, pulses exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together recording X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the pulses exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest pulses supplier in GCC.

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

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Pulses Imports

Imports in GCC

In 2022, pulses imports in GCC amounted to X tons, picking up by X% against 2021 figures. Total imports indicated resilient growth from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pulses imports skyrocketed to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the key importer of pulses, committing X% of total imports. It was distantly followed by Saudi Arabia (X tons), committing a X% share of total imports. The following importers - Oman (X tons), Qatar (X tons), Kuwait (X tons) and Bahrain (X tons) - together made up X% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the pulses imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%), Bahrain (X%), Qatar (X%), Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. The United Arab Emirates (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, the United Arab Emirates ($X) constitutes the largest market for imported pulses in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, pulses imports expanded at 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: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bahrain ($X per ton) and Kuwait ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform