Saudi Arabia: Milled Rice Market 2020

Milled Rice Market Size in Saudi Arabia

The revenue of the milled rice market in Saudi Arabia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the milled rice market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Milled Rice Exports

Exports from Saudi Arabia

In 2018, the amount of milled rice exported from Saudi Arabia amounted to X tons, coming down by -X% against the previous year. Over the period under review, milled rice exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, milled rice exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, milled rice exports stood at $X in 2018. In general, milled rice exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. In that year, milled rice exports attained their peak of $X. From 2012 to 2018, the growth of milled rice exports remained at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for milled rice exports from Saudi Arabia, with a X% share of total exports. Moreover, milled rice exports to Yemen exceeded the volume sent to the second major destination, Bahrain (X tons), fivefold. The third position in this ranking was occupied by the United Arab Emirates (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Yemen stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, Yemen ($X) remains the key foreign market for milled rice exports from Saudi Arabia, comprising X% of total milled rice exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Kuwait (-X% per year).

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Saudi Arabia

In 2018, approx. X tons of milled rice were imported into Saudi Arabia; growing by X% against the previous year. Over the period under review, the total imports indicated a temperate expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, milled rice imports amounted to $X in 2018. Over the period under review, the total imports indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, milled rice imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, India (X tons) constituted the largest supplier of milled rice to Saudi Arabia, accounting for a X% share of total imports. Moreover, milled rice imports from India exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), sevenfold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Pakistan (+X% per year).

In value terms, India ($X) constituted the largest supplier of milled rice to Saudi Arabia, comprising X% of total milled rice imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2007 to 2018, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the average import prices for milled rice attained their maximum at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Australia ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform