Saudi Arabia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Saudi Arabia

The Saudi agricultural harvester market rose modestly to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Harvester Production in Saudi Arabia

In value terms, agricultural harvester production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Agricultural Harvester Exports

Exports from Saudi Arabia

In 2021, overseas shipments of agricultural harvesters decreased by X% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then reduced markedly in the following year.

In value terms, agricultural harvester exports surged to $X in 2021. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X units) was the main destination for agricultural harvester exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Sudan exceeded the volume sent to the second major destination, Oman (X units), more than tenfold. Somalia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Somalia (X% per year).

In value terms, Sudan ($X) emerged as the key foreign market for agricultural harvesters exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports. It was followed by Somalia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Sudan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Somalia (X% per year).

Export Prices by Country

In 2021, the average agricultural harvester export price amounted to $X per unit, growing by X,695% against the previous year. Over the period under review, the export price enjoyed a tangible increase. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Oman ($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 Oman (X%), while the prices for the other major destinations experienced a decline.

Agricultural Harvester Imports

Imports into Saudi Arabia

Agricultural harvester imports into Saudi Arabia stood at X units in 2021, approximately reflecting the previous year's figure. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports stood at $X in 2021. Over the period under review, imports saw a precipitous curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X units) and China (X units) were the main suppliers of agricultural harvester imports to Saudi Arabia.

From 2014 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

In value terms, Canada ($X) constituted the largest supplier of agricultural harvesters to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of value from Canada was relatively modest.

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2021, flattening at the previous year. Overall, the import price saw a significant contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained 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 Canada ($X per unit), while the price for China stood at $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :