Saudi Arabia: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Saudi Arabia

In 2021, the Saudi non-wheat groats market increased by 128% to $X, rising for the second consecutive year after seven years of decline. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Wheat Groats Production in Saudi Arabia

In value terms, non-wheat groats production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. Non-wheat groats production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Wheat Groats Exports

Exports from Saudi Arabia

For the fourth year in a row, Saudi Arabia recorded decline in overseas shipments of groats and meal of cereals (excluding wheat), which decreased by -51.3% to X tons in 2021. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 86%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-wheat groats exports declined significantly to $X in 2021. Over the period under review, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2017 with an increase of 96%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for non-wheat groats exports from Saudi Arabia, with a 68% share of total exports. Moreover, non-wheat groats exports to Yemen exceeded the volume sent to the second major destination, Bahrain (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Yemen stood at +137.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+133.0% per year) and Lebanon (+52.4% per year).

In value terms, Yemen ($X) emerged as the key foreign market for groats and meal of cereals (excluding wheat) exports from Saudi Arabia, comprising 58% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen stood at +171.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+154.4% per year) and Lebanon (+66.2% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, picking up by 9.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Yemen ($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 Yemen (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Saudi Arabia

Non-wheat groats imports into Saudi Arabia soared to X tons in 2021, jumping by 320% on the previous year. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat groats imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of non-wheat groats to Saudi Arabia, with a 85% share of total imports. Moreover, non-wheat groats imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.9% per year) and Argentina (-96.3% per year).

In value terms, Australia ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Saudi Arabia, comprising 81% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.6% per year) and Argentina (-90.3% per year).

Import Prices by Country

In 2021, the average non-wheat groats import price amounted to $X per ton, waning by -21.2% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 7%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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