Saudi Arabia: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Saudi Arabia

In 2021, after four years of growth, there was decline in the Saudi breakfast cereal market, when its value decreased by -3.4% to $X. Overall, consumption showed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020, and then fell slightly in the following year.

Breakfast Cereal Production in Saudi Arabia

In value terms, breakfast cereal production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 249% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Breakfast Cereal Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of breakfast cereals decreased by -42.6% to X tons in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, breakfast cereal exports declined markedly to $X in 2021. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for breakfast cereal exports from Saudi Arabia, with a 67% share of total exports. Moreover, breakfast cereal exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X tons), eightfold. The third position in this ranking was taken by Lebanon (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+11.1% per year) and Lebanon (-21.6% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for breakfast cereal exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was held by Oman ($X), with a 9.2% share of total exports. It was followed by Lebanon, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+27.6% per year) and Lebanon (-18.9% per year).

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, picking up by 20% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per ton), while the average price for exports to Yemen ($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 Kuwait (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Saudi Arabia

In 2021, approx. X tons of breakfast cereals were imported into Saudi Arabia; growing by 6% against the previous year. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, breakfast cereal imports expanded modestly to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.3% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The UK (X tons), Poland (X tons) and Syrian Arab Republic (X tons) were the main suppliers of breakfast cereal imports to Saudi Arabia, with a combined 48% share of total imports. The United States, China, Bangladesh, Portugal, France, Spain, Thailand, Lebanon and Germany lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +244.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Poland ($X) and the United States ($X) appeared to be the largest breakfast cereal suppliers to Saudi Arabia, with a combined 53% share of total imports. Portugal, France, China, Spain, Thailand, Bangladesh, Syrian Arab Republic, Lebanon and Germany lagged somewhat behind, together accounting for a further 37%.

Portugal, with a CAGR of +365.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2021, falling by -3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2016 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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