Saudi Arabia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Saudi Arabia

In 2021, after five years of growth, there was significant decline in the Saudi orange juice (single strength) market, when its value decreased by -6.2% to $X. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Orange Juice (Single Strength) in Saudi Arabia

In value terms, orange juice (single strength) production dropped slightly to $X in 2021 estimated in export price. In general, production, however, recorded a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by 32% against the previous year. Orange juice (single strength) production peaked at $X in 2020, and then fell in the following year.

Exports of Orange Juice (Single Strength)

Exports from Saudi Arabia

In 2021, approx. X tons of orange juice (single strength) were exported from Saudi Arabia; with a decrease of -2.9% compared with the year before. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 7,718% against the previous year. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, orange juice (single strength) exports reached $X in 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 5,798% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Oman (X tons) was the main destination for orange juice (single strength) exports from Saudi Arabia, accounting for a 97% share of total exports. It was followed by Bahrain (X tons), with a 0.7% share of total exports. The third position in this ranking was held by Kuwait (X tons), with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to +543.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-21.1% per year) and Kuwait (-27.5% per year).

In value terms, Oman ($X) remains the key foreign market for orange juice (single strength) exports from Saudi Arabia, comprising 97% of total exports. The second position in the ranking was held by Kuwait ($X), with a 0.7% share of total exports. It was followed by Bahrain, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +543.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-27.2% per year) and Bahrain (-24.7% per year).

Export Prices by Country

In 2021, the average orange juice (single strength) export price amounted to $X per ton, picking up by 7.4% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2019 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Mauritania ($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 Sudan (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Saudi Arabia

Orange juice (single strength) imports into Saudi Arabia declined significantly to X tons in 2021, reducing by -55.1% compared with the year before. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 197% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, orange juice (single strength) imports fell sharply to $X in 2021. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 195%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kuwait (X tons) constituted the largest supplier of orange juice (single strength) to Saudi Arabia, with a 64% share of total imports. Moreover, orange juice (single strength) imports from Kuwait exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Kuwait stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.4% per year) and Austria (0.0% per year).

In value terms, Kuwait ($X), Spain ($X) and Austria ($X) constituted the largest orange juice (single strength) suppliers to Saudi Arabia, with a combined 94% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +3.4%, 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

The average orange juice (single strength) import price stood at $X per ton in 2021, jumping by 20% against the previous year. In general, the import price recorded mild growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Kuwait ($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 (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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