Saudi Arabia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Saudi Arabia

In 2021, the Saudi prepared dish and meal market increased by 7.1% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, continues to indicate a perceptible decline. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Prepared Dishes And Meals

Exports from Saudi Arabia

In 2021, shipments abroad of prepared dishes and meals increased by 40% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 369%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, prepared dish and meal exports reduced sharply to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 501%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons), Yemen (X tons) and Bahrain (X tons) were the main destinations of prepared dish and meal exports from Saudi Arabia, together accounting for 47% of total exports. These countries were followed by the United Arab Emirates, Oman, Egypt, Sudan, Indonesia and Libya, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +82.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Indonesia ($X) appeared to be the largest markets for prepared dish and meal exported from Saudi Arabia worldwide, together comprising 42% of total exports. These countries were followed by Oman, Yemen, Bahrain, Egypt, Sudan and Libya, which together accounted for a further 39%.

In terms of the main countries of destination, Oman, with a CAGR of +49.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, declining by -42.3% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average export price increased by 28%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Saudi Arabia

In 2021, purchases abroad of prepared dishes and meals increased by 8.4% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2015 with an increase of 13% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared dish and meal imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a mild descent. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), the United Arab Emirates (X tons) and Bahrain (X tons) were the main suppliers of prepared dish and meal imports to Saudi Arabia, together accounting for 33% of total imports. Germany, Italy, the UK, the Netherlands, Ireland, Egypt, the United States, France, Belgium and Spain lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of prepared dishes and meals to Saudi Arabia, comprising 36% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.8% share of total imports. It was followed by Denmark, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ireland amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.1% per year) and Denmark (-1.2% per year).

Import Prices by Country

The average prepared dish and meal import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 4.7%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Ireland ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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