Saudi Arabia: Meat Dishes Market 2024

Meat Dishes Market Size in Saudi Arabia

The Saudi meat dishes market shrank to $X in 2022, which is down by -13% against the previous year. Overall, consumption recorded a slight contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Meat Dishes Production in Saudi Arabia

In value terms, meat dishes production declined modestly to $X in 2022 estimated in export price. Overall, production showed a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Meat Dishes Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in shipments abroad of meat dishes, when their volume decreased by -15.9% to X tons. Overall, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of 109% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat dishes exports fell significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 118%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for meat dishes exports from Saudi Arabia, accounting for a 65% share of total exports. Moreover, meat dishes exports to Bahrain exceeded the volume sent to the second major destination, Jordan (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+11.2% per year) and Qatar (+7.3% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for meat dishes exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was taken by Jordan ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain totaled +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+14.1% per year) and Qatar (+12.6% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, dropping by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Saudi Arabia

In 2021, the amount of meat dishes imported into Saudi Arabia rose rapidly to X tons, with an increase of 13% against 2020 figures. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.2% 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 decreased by -2.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, meat dishes imports surged to $X in 2021. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 45% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and Jordan (X tons) were the main suppliers of meat dishes imports to Saudi Arabia, with a combined 80% share of total imports. Kuwait, France, Brazil and India lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of +58.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Jordan ($X) constituted the largest meat dishes suppliers to Saudi Arabia, together accounting for 87% of total imports. Kuwait, France, Brazil and India lagged somewhat behind, together comprising a further 10%.

Kuwait, with a CAGR of +49.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2021, increasing by 4.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 13%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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 the United Arab Emirates ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :