Saudi Arabia: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Saudi Arabia

In 2021, the Saudi grapefruit juice (single strength) market decreased by -10.9% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.5% against 2015 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Grapefruit Juice (Single Strength) in Saudi Arabia

In value terms, grapefruit juice (single strength) production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 when the production volume increased by 171% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Grapefruit Juice (Single Strength)

Exports from Saudi Arabia

In 2021, grapefruit juice (single strength) exports from Saudi Arabia dropped rapidly to X tons, which is down by -52.7% compared with the previous year's figure. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 1,818%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, grapefruit juice (single strength) exports declined dramatically to $X in 2021. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 1,755%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for grapefruit juice (single strength) exports from Saudi Arabia, accounting for a 64% share of total exports. Moreover, grapefruit juice (single strength) exports to Tunisia exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold. Bahrain (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tunisia totaled +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-13.8% per year) and Bahrain (-4.6% per year).

In value terms, Bahrain ($X), Oman ($X) and Tunisia ($X) appeared to be the largest markets for grapefruit juice (single strength) exported from Saudi Arabia worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of +142.8%, recorded 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 grapefruit juice (single strength) export price amounted to $X per ton, surging by 14% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Tunisia ($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 Oman (+142.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Saudi Arabia

In 2013, the amount of grapefruit juice (single strength) imported into Saudi Arabia fell sharply to X tons, declining by -48.6% on the year before. Over the period under review, imports saw a precipitous decline. Over the period under review, imports hit record highs at X tons in 2012, and then reduced sharply in the following year.

In value terms, grapefruit juice (single strength) imports dropped markedly to $X in 2013. Overall, imports continue to indicate a precipitous shrinkage. Imports peaked at $X in 2012, and then shrank dramatically in the following year.

Imports by Country

In 2013, the United States (X tons) was the main grapefruit juice (single strength) supplier to Saudi Arabia, accounting for a approx. 96% share of total imports.

From 2012 to 2013, the average annual growth rate of volume from the United States amounted to -47.7%.

In value terms, the United States ($X) constituted the largest supplier of grapefruit juice (single strength) to Saudi Arabia.

From 2012 to 2013, the average annual rate of growth in terms of value from the United States stood at -48.5%.

Import Prices by Country

In 2013, the average grapefruit juice (single strength) import price amounted to $X per ton, falling by -1.9% against the previous year. Over the period under review, the import price showed a mild curtailment. The import price peaked at $X per ton in 2012, and then contracted slightly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2013, the rate of growth in terms of prices for the United States amounted to -1.3% per year.

Source: IndexBox Platform

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