Saudi Arabia: Dried Prune Market 2024

Dried Prune Market Size in Saudi Arabia

After three years of decline, the Saudi dried prune market increased by 0.9% to $X in 2022. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.1% against 2017 indices. Dried prune consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Dried Prune Production in Saudi Arabia

In value terms, dried prune production dropped to $X in 2022 estimated in export price. In general, production showed tangible growth. The pace of growth was the most pronounced in 2015 with an increase of 95%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Dried Prune Exports

Exports from Saudi Arabia

In 2022, dried prune exports from Saudi Arabia soared to X tons, with an increase of 33% against the previous year. Overall, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 399%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dried prune exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 314% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brunei Darussalam (X tons) was the main destination for dried prune exports from Saudi Arabia, with a 67% share of total exports. Moreover, dried prune exports to Brunei Darussalam exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam stood at +82.4%.

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for dried prunes exports from Saudi Arabia, comprising 48% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam stood at +40.4%.

Export Prices by Country

The average dried prune export price stood at $X per ton in 2022, reducing by -2.1% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 170%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Brunei Darussalam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+90.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Prune Imports

Imports into Saudi Arabia

In 2022, the amount of dried prunes imported into Saudi Arabia amounted to X tons, growing by 14% on the year before. Overall, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2017 when imports increased by 160% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, dried prune imports surged to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 137% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Turkey (X tons) and Moldova (X tons) were the main suppliers of dried prune imports to Saudi Arabia, with a combined 72% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of dried prunes to Saudi Arabia, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by Bulgaria, with a 9.7% share.

From 2013 to 2022, the average annual growth rate of value from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and Bulgaria (0.0% per year).

Import Prices by Country

In 2022, the average dried prune import price amounted to $X per ton, remaining constant against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried prune import price decreased by -1.1% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 76%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Uzbekistan ($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 (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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