Saudi Arabia Fruits and Vegetables Market | Growth, Trends, and Forecast (2018-2023)
Saudi Arabia fruits and Vegetables Market – Segmented by Fruits and vegetables - Growth, Trends, and Forecast (2018 - 2023)

PUBLISHED

MAR 2018

Saudi Arabia fruits and Vegetables Market – Segmented by Fruits and vegetables - Growth, Trends, and Forecast (2018 - 2023)

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The Saudi vegetable market was valued at USD 1,122,972.2 thousand in 2017 and is expected to register a CAGR of 4.7% during the forecast period (2018-2023). The Saudi fruit market was valued at USD 3,400,623.4 thousand in 2017 and is expected to register a CAGR of 4.1% during the forecast period (2018-2023).

The increasing presence of superstores and hypermarkets has increased the access to high-quality fruits and vegetables for the Saudi population. As many of these retailers adopt strategies, including optimal pricing strategies to capture the market, the demand among consumers is increasing. The urban population is gradually becoming brand conscious and is becoming aware about the origin and type of food consumed

The Major Growing Segment – Vegetables

The main sources of nourishment in the country are meat, dairy products, and cereals. Over the decades, as disposable incomes rose and imports of different vegetables increased, a change in diet, from the traditional low levels of vegetable consumption to higher consumption of vegetables, was observed. The prices of vegetables, especially tomato and okra, have witnessed an increasing trend during the first half of the second quarter of 2018. This sharp hike in the price is mainly due to the declining supplies from major vegetable supplying countries. Generally, during the months of August-September (off-season) the prices of vegetables are up, owing to the shortage of supplies due to high temperatures and limited supplies from Turkey.The consumption of vegetables is poised to increase, due to the people being educated and made aware of the health benefits of vegetable consumption.

                 

Push Toward Water Conservation

The Saudi government discontinued its domestic wheat production program in the marketing year, 2015/2016. The main reason for policy amendment was a strong concern over the exhaustion of the country’s scarce water reserves, as the wheat crop is 100% irrigated. As a result, the Saudi government is encouraging farmers to participate in alternative sustainable agricultural activities, such as greenhouse farming and implementing advance drip irrigation practices, to produce fruits and vegetables. According to a report by Institution of Mechanical Engineers (IME), the production of 1 kg of wheat requires somewhere between 500 to 4,000 ltr of water. Further, the production of vegetables requires significantly less water than the production of wheat. For example, the production of 1 kg of potatoes requires 287 ltr of water.

                

Price Volatility of Fruits and Vegetables

Saudi Arabia is mostly self sufficient in terms of vegetables. However, with regard to fruits, the country has to rely on imports from other countries to cater to the domestic demand. As Saudi Arabia is highly reliant on imports, it is exposed to international price fluctuations, Because of this, the customers may opt for low-priced alternatives rather than high-priced commodities. Saudi Arabia is a religious hub, with people from all parts of the world visiting the country at regular intervals. But the prices skyrocket during the holy month of “Ramadan”, when commodities, especially fruits and vegetables, are available at three to four times their original prices, due to their high demand and limited supply.

Key Developments of Saudi Arabia Fruits and Vegetables Market

  • Jun 2018 – Saudi Arabia has bannned imports of frozen and processed fruit and vegetables from India’s Kerala state, citing the risk from an outbreak of Nipah virus, 
  • Oct 2018 - The leading importer of food in the Persian Gulf and one of the area’s largest markets, with a population of 32 million. It is currently ranked fifth among the non-EU countries to which Spain exports fresh fruit and vegetables, after Brazil, Morocco, the United Arab Emirates, and Canada

Metrics

Details

Industry

        Saudi Arabia Fruits and Vegetables Market

Study Period

(2014 – 2023)

Market Size in 2017

Vegetable - USD 1,122,972.2 thousand

Fruits - USD 3,400,623.4 thousand

Market Size in 2023

Vegetables - USD 1,472,098.3 thousand

 Fruits - USD 4,316,236.5 thousand

Growth Rate

Vegetables - 4.7%

Fruits – 4.1%

Key Developments

  • Jun 2018 – Saudi Arabia has bannned imports of frozen and processed fruit and vegetables from India’s Kerala state, citing the risk from an outbreak of Nipah virus, 
  • Oct 2018 - The leading importer of food in the Persian Gulf and one of the area’s largest markets, with a population of 32 million. It is currently ranked fifth among the non-EU countries to which Spain exports fresh fruit and vegetables, after Brazil, Morocco, the United Arab Emirates, and Canada

Report Offerings

Saudi Arabia fruits and vegetables market offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023.

 

Reasons to Purchase the Report

  • To have an understanding of the fastest growing countries  in the Saudi Arabia Fruits and Vegetables and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently effecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Market Definition

                1.2 Key Findings of the Study

2. Research Scope and Methodology

                2.1 Study Deliverables

                2.2 Market Segmentation

                2.3 Study Assumptions

                2.4 Research Design

3. Market Dynamics

                3.1 Drivers   

                      3.1.1 Push Toward Water Conservation

                      3.1.2 Increasing Shift Toward Healthy Dietary Plans

                      3.1.3 Strong Distribution/Retail Networks and Considerable Growth of

Supermarket and Hypermarket Chains

                3.2 Restraints

                      3.2.1 Severe Weather Conditions

                      3.2.2 Price Volatility of Fruits and Vegetables

                      3.2.3 High Market Entry Cost

4. Industry Analysis

                4.1 Porter's Five Forces Analysis

                                4.1.1 Bargaining Power of Suppliers

                                4.1.2 Bargaining Power of Buyers

                                4.1.3 Threat of New Entrants

                                4.1.4 Threat of Substitute Products

                                4.1.5 Degree of Competition

5. Market Segmentation

                5.1 Vegetables

                                5.1.1 Market Size (USD Million)

                                5.1.2 Domestic Production Overview

                                5.1.3 Domestic Consumption Overview

                                5.1.4 Import Value & Volume

                                5.1.5 Export Value & Volume

                5.2 Fruits

                                5.2.1 Market Size (USD Million)

                                5.2.2 Domestic Production Overview

                                5.2.3 Domestic Consumption Overview

                                5.2.4 Import Value & Volume

                                5.2.5 Export Value & Volume

6. International Trade & Prices

                6.1 Onion

                                6.1.1 Prices

                                6.1.2 International Trade

                6.2 Potato

                                6.2.1 Prices

                                6.2.2 International Trade

                6.3 Tomato

                                6.3.1 Prices

                                6.3.2 International Trade

                6.4 Garlic

                                6.4.1 Prices

                                6.4.2 International Trade

                6.5 Cauliflower

                                6.5.1 Prices

                                6.5.2 International Trade

                6.6 Beans

                                6.6.1 Prices

                                6.6.2 International Trade

                6.7 Eggplant

                                6.7.1 Prices

                                6.7.2 International Trade

                6.8 Lemons

                                6.8.1 Prices

                                6.8.2 International Trade

                6.9 Apples

                                6.9.1 Prices

                                6.9.2 International Trade

                6.10 Bananas

                                6.10.1 Prices

                                6.10.2 International Trade

                6.11 Grapefruit

                                6.11.1 Prices

                                6.11.2 International Trade

                6.12 Grapes

                                6.12.1 Prices

                                6.12.2 International Trade

                6.13 Strawberry

                                6.13.1 Prices

                                6.13.2 International Trade

                6.14 Watermelon

                                6.14.1 Prices

                                6.14.2 International Trade

                6.15 Dates

                                6.15.1 Prices

                                6.15.2 International Trade

                6.16 Olives

                                6.16.1 Prices

                                6.16.2 International Trade

7. Regional Analysis

                7.1 PESTLE Analysis

                7.2 Supply Chain Analysis

                7.3 Government Policies

8. Future Outlook of the Market

9. Appendix

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