Saudi Arabia: Processed Meat Market 2024

Processed Meat Market Size in Saudi Arabia

The Saudi processed meat market amounted to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Processed Meat Production in Saudi Arabia

In value terms, processed meat production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Processed meat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Processed Meat Exports

Exports from Saudi Arabia

In 2022, the amount of processed meat exported from Saudi Arabia contracted sharply to X tons, waning by X% against the previous year. In general, exports recorded a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed meat exports shrank significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for processed meat exports from Saudi Arabia, with a X% share of total exports. Moreover, processed meat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. The third position in this ranking was held by Jordan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jordan (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for processed meat exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by Jordan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jordan (X% per year).

Export Prices by Country

The average processed meat export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price enjoyed notable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) and Jordan ($X per ton) were amongst the lowest.

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

Processed Meat Imports

Imports into Saudi Arabia

Processed meat imports into Saudi Arabia dropped to X tons in 2022, waning by X% compared with the previous year. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, processed meat imports dropped to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, Kuwait, with a CAGR of X%, 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 2022, the average processed meat import price amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform