Saudi Arabia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Saudi Arabia

The Saudi agricultural product dryer market expanded slightly to $X in 2021, growing by 1.5% against the previous year. Overall, consumption, however, showed buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Agricultural Product Dryer Production in Saudi Arabia

In value terms, agricultural product dryer production rose slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a temperate increase. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. Agricultural product dryer production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports from Saudi Arabia

In 2021, shipments abroad of dryers for the treatment of agricultural products decreased by -50% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 100%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural product dryer exports contracted to $X in 2021. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 4,057%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units), Sudan (X units) and Australia (X units) were the main destinations of agricultural product dryer exports from Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for dryers for the treatment of agricultural products exports from Saudi Arabia, comprising 47% of total exports. The second position in the ranking was held by Spain ($X), with a 17% share of total exports. It was followed by Australia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Australia (0.0% per year).

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, increasing by 78% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+82.7%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Saudi Arabia

In 2021, approx. less than X units of dryers for the treatment of agricultural products were imported into Saudi Arabia; almost unchanged from 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, agricultural product dryer imports stood at less than $X in 2021. Overall, imports enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2014 with an increase of 3.6% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Syrian Arab Republic (X units) and Germany (X units) were the main suppliers of agricultural product dryer imports to Saudi Arabia, with a combined 43% share of total imports. Moreover, agricultural product dryer imports in China exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic, fivefold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and South Korea ($X) appeared to be the largest agricultural product dryer suppliers to Saudi Arabia, together accounting for 43% of total imports. Moreover, agricultural product dryer imports in China exceeded the figures recorded by the second-largest supplier, Germany, twofold.

In terms of the main suppliers, China, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural product dryer import price stood at less than $X per thousand units in 2021, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per thousand units), while the price for Syrian Arab Republic ($X per thousand units) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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