Saudi Arabia: Sausage Market 2024

Sausage Market Size in Saudi Arabia

The Saudi sausage market shrank to $X in 2021, with a decrease of -8.6% 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, consumption, however, showed a remarkable increase. Sausage consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sausage Exports

Exports from Saudi Arabia

In 2021, the amount of sausages and similar products of meat exported from Saudi Arabia soared to X tons, growing by 33% compared with the previous year. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 183% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, sausage exports fell remarkably to $X in 2021. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 239% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main destinations of sausage exports from Saudi Arabia, with a combined 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sausage exported from Saudi Arabia were Bahrain ($X), Oman ($X) and Kuwait ($X), with a combined 70% share of total exports. These countries were followed by the United Arab Emirates, Jordan and Lebanon, which together accounted for a further 30%.

In terms of the main countries of destination, Jordan, with a CAGR of +23.9%, 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 sausage export price stood at $X per ton in 2021, shrinking by -52.9% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Oman ($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 Jordan (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Saudi Arabia

In 2021, the amount of sausages and similar products of meat imported into Saudi Arabia dropped to X tons, declining by -11.3% compared with 2020 figures. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 with an increase of 173% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sausage imports reduced modestly to $X in 2021. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 369% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Jordan (X tons) and Malaysia (X tons) were the main suppliers of sausage imports to Saudi Arabia, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +107.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), the United Arab Emirates ($X) and Malaysia ($X) constituted the largest sausage suppliers to Saudi Arabia, together accounting for 88% of total imports.

Malaysia, with a CAGR of +107.8%, recorded 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

In 2021, the average sausage import price amounted to $X per ton, surging by 11% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price 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, sausage import price increased by +11.3% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 72% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 ($X per ton), while the price for Brazil ($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 (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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