Saudi Arabia: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Saudi Arabia

The Saudi wine of fresh grapes market stood at $X in 2022, picking up by 3.3% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. Wine of fresh grapes consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Saudi Arabia

In value terms, wine of fresh grapes production reached $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Saudi Arabia

In 2022, wine of fresh grapes exports from Saudi Arabia declined notably to X litres, waning by -18.1% compared with the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 538%. As a result, the exports attained the peak of X litres. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wine of fresh grapes exports reduced to $X in 2022. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 236%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X litres) was the main destination for wine of fresh grapes exports from Saudi Arabia, accounting for a 95% share of total exports. It was followed by Canada (X litres), with a 2.4% share of total exports. Singapore (X litres) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+93.3% per year) and Singapore (-40.2% per year).

In value terms, Jordan ($X) emerged as the key foreign market for wine of fresh grapes (except sparkling wine) exports from Saudi Arabia, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with a 1.6% share of total exports. It was followed by Canada, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-77.6% per year) and Canada (+69.9% per year).

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, surging by 8.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 117% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per litre), while the average price for exports to Canada ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+91.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Saudi Arabia

In 2022, the amount of wine of fresh grapes (except sparkling wine) imported into Saudi Arabia shrank significantly to X litres, waning by -22.7% against the year before. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 87%. Imports peaked at X litres in 2021, and then declined notably in the following year.

In value terms, wine of fresh grapes imports declined remarkably to $X in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 107% against the previous year. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Import Prices by Country

The average wine of fresh grapes import price stood at $X per litre in 2022, growing by 5.8% against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+62.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :