Saudi Arabia: Green Bean Market 2024

Green Bean Market Size in Saudi Arabia

The Saudi green bean market expanded sharply to $X in 2022, surging by 13% against the previous year. Overall, consumption enjoyed a significant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Green Bean Production in Saudi Arabia

In value terms, green bean production expanded notably to $X in 2022 estimated in export price. In general, production continues to indicate a significant increase. The growth pace was the most rapid in 2018 when the production volume increased by 571% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of green beans in Saudi Arabia skyrocketed to X tons per ha, with an increase of 110% on the previous year. In general, the yield, however, recorded a dramatic decline. Over the period under review, the average green bean yield attained the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. 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 green beans production in Saudi Arabia reduced dramatically to X ha, waning by -50% against 2021. Overall, the harvested area, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 with a decrease of -2.8%. Over the period under review, the harvested area dedicated to green bean production reached the peak figure at X ha in 2021, and then reduced sharply in the following year.

Green Bean Exports

Exports from Saudi Arabia

In 2021, exports of green beans from Saudi Arabia expanded sharply to X tons, with an increase of 11% compared with 2020 figures. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 49%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, green bean exports totaled $X in 2021. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 49% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for green bean exports from Saudi Arabia, accounting for a 83% share of total exports. Moreover, green bean exports to Kuwait exceeded the volume sent to the second major destination, Bahrain (X tons), tenfold. Yemen (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Kuwait stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-13.7% per year) and Yemen (-17.1% per year).

In value terms, Kuwait ($X) remains the key foreign market for green beans exports from Saudi Arabia, comprising 67% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Yemen, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-6.3% per year) and Yemen (-14.7% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2021, dropping by -3.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 69% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Green Bean Imports

Imports into Saudi Arabia

In 2018, the amount of green beans imported into Saudi Arabia totaled X tons, flattening at the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11% against the previous year. Over the period under review, imports hit record highs in 2018 and are expected to retain growth in years to come.

In value terms, green bean imports amounted to $X in 2018. Overall, imports recorded a temperate increase. The most prominent rate of growth was recorded in 2014 with an increase of 4% against the previous year. Over the period under review, imports hit record highs in 2018 and are expected to retain growth in the near future.

Imports by Country

In 2018, India (X tons) constituted the largest green bean supplier to Saudi Arabia, accounting for a 53% share of total imports. Moreover, green bean imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2018, the average annual rate of growth in terms of volume from India amounted to +12.6%.

In value terms, India ($X) and the Netherlands ($X) constituted the largest green bean suppliers to Saudi Arabia.

Among the main suppliers, India, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average green bean import price stood at $X per ton in 2018, stabilizing at the previous year. Over the period under review, the import price recorded a moderate increase. The most prominent rate of growth was recorded in 2013 an increase of 1.8%. The import price peaked in 2018 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands (+34.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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