Report Update Nov 1, 2024

Saudi Arabia - Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Cherry Market 2024

Cherry Market Size in Saudi Arabia

The Saudi cherry market contracted notably to less than $X in 2022, dropping by 99.9% against the previous year. In general, consumption, however, enjoyed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then fell markedly in the following year.

Cherry Production in Saudi Arabia

In value terms, cherry production rose sharply to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of cherries in Saudi Arabia amounted to less than X kg per ha in 2022, almost unchanged from 2021 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry harvested area in Saudi Arabia stood at less than X ha in 2022, stabilizing at 2021. In general, the harvested area showed a relatively flat trend pattern.

Cherry Exports

Exports from Saudi Arabia

In 2021, cherry exports from Saudi Arabia skyrocketed to X tons, picking up by 2,937% compared with 2020 figures. Overall, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cherry exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X tons) was the main destination for cherry exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Kuwait stood at +39.6%.

In value terms, Kuwait ($X) emerged as the key foreign market for cherries exports from Saudi Arabia.

From 2013 to 2021, the average annual rate of growth in terms of value to Kuwait amounted to +58.3%.

Export Prices by Country

In 2021, the average cherry export price amounted to $X per ton, jumping by 72% against the previous year. In general, the export price showed a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 117% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, 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 Kuwait.

From 2013 to 2021, the rate of growth in terms of prices for Kuwait amounted to +13.4% per year.

Cherry Imports

Imports into Saudi Arabia

In 2022, approx. X tons of cherries were imported into Saudi Arabia; shrinking by -47.8% on the previous year's figure. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 0.8% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, cherry imports contracted sharply to $X in 2022. Overall, imports, however, recorded a strong expansion. The smallest decline of -14.7% was in 2013. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Greece (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of cherry imports to Saudi Arabia, together comprising 53% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +200.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry suppliers to Saudi Arabia were the United States ($X), Greece ($X) and Chile ($X), together comprising 57% of total imports.

Chile, with a CAGR of +11.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, reducing by -4.2% against the previous year. Over the period under review, the import price saw a abrupt decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?

Turkey constituted the country with the largest volume of cherry consumption, accounting for 24% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by China, with an 8.5% share.

What are the largest producers of cherries in the world?

Turkey remains the largest cherry producing country worldwide, accounting for 26% of total volume. Moreover, cherry production in Turkey exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Chile, with a 9.7% share.

What are the leading suppliers of cherries to Saudi Arabia?

In value terms, the Philippines constituted the largest supplier of cherry to Saudi Arabia.

What are the leading importers of cherries from Saudi Arabia?

In value terms, Kuwait remains the key foreign market for cherry exports from Saudi Arabia.

What is the average export price for cherries in Saudi Arabia?

In 2021, the average cherry export price amounted to $3,870 per ton, approximately reflecting the previous year.

What is the average import price for cherries in Saudi Arabia?

The average cherry import price stood at $672 per ton in 2014, which is down by -67.7% against the previous year.

This report provides an in-depth analysis of the cherry market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 531 - Cherries

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023