Saudi Arabia: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Saudi Arabia

In 2021, after three years of growth, there was decline in the Saudi fruit or nut preserves market, when its value decreased by -3.9% to $X. Overall, consumption, however, posted a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Saudi Arabia

In value terms, fruit or nut preserves production declined sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 89%. Over the period under review, production hit record highs at $X in 2020, and then fell dramatically in the following year.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Saudi Arabia

In 2021, fruit or nut preserves exports from Saudi Arabia contracted to X tons, waning by -9.4% compared with the previous year. In general, exports, however, showed a moderate increase. The growth pace was the most rapid in 2016 when exports increased by 180%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, fruit or nut preserves exports declined to $X in 2021. Over the period under review, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 147% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for fruit or nut preserves exports from Saudi Arabia, accounting for a 55% share of total exports. Moreover, fruit or nut preserves exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Kuwait (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen stood at +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.6% per year) and Kuwait (-0.5% per year).

In value terms, the largest markets for fruit or nut preserves exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Yemen ($X), together accounting for 81% of total exports.

In terms of the main countries of destination, Yemen, with a CAGR of +63.7%, saw 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

The average fruit or nut preserves export price stood at $X per ton in 2021, with an increase of 2.1% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fruit or nut preserves export price decreased by -0.2% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 23%. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Yemen ($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 Oman (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Saudi Arabia

Fruit or nut preserves imports into Saudi Arabia surged to X tons in 2021, jumping by 72% compared with the previous year. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fruit or nut preserves imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +116.5% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of fruit or nut preserves to Saudi Arabia, accounting for a 56% share of total imports. Moreover, fruit or nut preserves imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold. The third position in this ranking was taken by Greece (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +52.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+8.6% per year) and Greece (+16.3% per year).

In value terms, India ($X) constituted the largest supplier of jams, marmalades, fruit jellies, fruit or nut purees and pastes to Saudi Arabia, comprising 36% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.7% per year) and Belgium (+12.4% per year).

Import Prices by Country

The average fruit or nut preserves import price stood at $X per ton in 2021, reducing by -15.2% against the previous year. Over the period under review, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 10%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 France ($X per ton), while the price for India ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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