Saudi Arabia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Saudi Arabia

The Saudi preserved frozen potato market soared to $X in 2021, with an increase of 17% 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). The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved frozen potato consumption peaked in 2021 and is expected to retain growth in the immediate term.

Preserved Frozen Potato Exports

Exports from Saudi Arabia

In 2021, approx. X tons of frozen potatoes prepared or preserved were exported from Saudi Arabia; rising by 82% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 759% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved frozen potato exports surged to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 567% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons), Kuwait (X tons) and Sudan (X tons) were the main destinations of preserved frozen potato exports from Saudi Arabia, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +123.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), Kuwait ($X) and Sudan ($X) were the largest markets for preserved frozen potato exported from Saudi Arabia worldwide, with a combined 87% share of total exports.

Among the main countries of destination, Sudan, with a CAGR of +108.0%, saw the highest rates of growth with regard to 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 preserved frozen potato export price amounted to $X per ton, declining by -1.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Libya ($X per ton), while the average price for exports to Sudan ($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 Libya (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Saudi Arabia

For the third year in a row, Saudi Arabia recorded growth in purchases abroad of frozen potatoes prepared or preserved, which increased by 19% to X tons in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.9% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 24% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, preserved frozen potato imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 34%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and France (X tons) were the main suppliers of preserved frozen potato imports to Saudi Arabia, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and the United States ($X) constituted the largest preserved frozen potato suppliers to Saudi Arabia, together accounting for 83% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +9.3%, recorded the highest growth rate of 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 preserved frozen potato import price stood at $X per ton in 2021, reducing by -1.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 16%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :