Saudi Arabia: Canned Food Market 2024

Canned Food Market Size in Saudi Arabia

In 2021, after two years of decline, there was significant growth in the Saudi canned food market, when its value increased by 7.1% to $X. In general, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 decreased by -21.2% against 2018 indices. Canned food consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Canned Food Production in Saudi Arabia

In value terms, canned food production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.8% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Canned Food Exports

Exports from Saudi Arabia

In 2021, approx. X tons of canned food were exported from Saudi Arabia; picking up by 9.2% on the year before. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.1% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of 40%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, canned food exports skyrocketed to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tons) was the main destination for canned food exports from Saudi Arabia, with a 39% share of total exports. Moreover, canned food exports to Jordan exceeded the volume sent to the second major destination, Pakistan (X tons), sevenfold. The third position in this ranking was held by Lebanon (X tons), with a 1.6% share.

From 2012 to 2020, the average annual growth rate of volume to Jordan totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+47.0% per year) and Lebanon (-10.8% per year).

In value terms, Jordan ($X) remains the key foreign market for canned food exports from Saudi Arabia, comprising 46% of total exports. The second position in the ranking was held by Pakistan ($X), with a 10% share of total exports. It was followed by Lebanon, with a 1.9% share.

From 2012 to 2020, the average annual growth rate of value to Jordan stood at +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+59.8% per year) and Lebanon (-18.5% per year).

Export Prices by Country

The average canned food export price stood at $X per ton in 2020, falling by -16.4% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Food Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in purchases abroad of canned food, when their volume decreased by -9.6% to X tons. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 23%. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, canned food imports declined slightly to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 19%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Spain (X tons) and China (X tons) were the main suppliers of canned food imports to Saudi Arabia, together comprising 45% of total imports.

From 2012 to 2020, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food suppliers to Saudi Arabia were Spain ($X), the United Arab Emirates ($X) and France ($X), together accounting for 40% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +28.7%, 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

In 2020, the average canned food import price amounted to $X per ton, waning by -3.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 8.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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