Saudi Arabia: Pasta Products Market 2024

Pasta Products Market Size in Saudi Arabia

The Saudi pasta products market was estimated at $X in 2022, increasing by 3.2% against the previous year. Overall, consumption posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pasta Products Production in Saudi Arabia

In value terms, pasta products production reached $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 117% against the previous year. Pasta products production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta Products Exports

Exports from Saudi Arabia

In 2022, shipments abroad of dried, undried and frozen pasta and pasta products increased by 5.6% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 98% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, pasta products exports expanded modestly to $X in 2022. In general, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 124%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main destinations of pasta products exports from Saudi Arabia, with a combined 79% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +57.1%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the largest markets for pasta products exported from Saudi Arabia worldwide, with a combined 67% share of total exports.

Kuwait, with a CAGR of +52.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pasta products export price amounted to $X per ton, shrinking by -2.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.1%), while the prices for the other major destinations experienced a decline.

Pasta Products Imports

Imports into Saudi Arabia

In 2022, supplies from abroad of dried, undried and frozen pasta and pasta products increased by 2.2% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 52%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, pasta products imports reduced modestly to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 75%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) were the main suppliers of pasta products imports to Saudi Arabia, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to Saudi Arabia, comprising 43% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Malaysia, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.0% per year) and Malaysia (+23.2% per year).

Import Prices by Country

The average pasta products import price stood at $X per ton in 2022, shrinking by -3.9% against the previous year. In general, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

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 the Philippines ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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