Saudi Arabia: Dry Bean Market 2025

Dry Bean Market Size in Saudi Arabia

The Saudi dry bean market reached $X in 2022, increasing by 4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Dry Bean Exports

Exports from Saudi Arabia

In 2022, exports of beans (dry) from Saudi Arabia fell to X tons, waning by -10.5% against the previous year. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2014 when exports increased by 244%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, dry bean exports shrank to $X in 2022. In general, exports faced a sharp reduction. The growth pace was the most rapid in 2014 when exports increased by 89%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for dry bean exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Egypt amounted to +2.9%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to -9.9%.

Export Prices by Country

The average dry bean export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Yemen amounted to -0.1% per year.

Dry Bean Imports

Imports into Saudi Arabia

Dry bean imports into Saudi Arabia expanded modestly to X tons in 2022, increasing by 4% on 2021 figures. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 43% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, dry bean imports expanded to $X in 2022. In general, total imports indicated a measured 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, imports decreased by -4.2% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest dry bean supplier to Saudi Arabia, accounting for a 34% share of total imports. Moreover, dry bean imports from Canada exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-0.6% per year) and China (-9.9% per year).

In value terms, Canada ($X) constituted the largest supplier of beans (dry) to Saudi Arabia, comprising 31% of total imports. The second position in the ranking was taken by Egypt ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+1.6% per year) and China (-8.3% per year).

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Madagascar ($X per ton) and Argentina ($X per ton), while the price for Canada ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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