Saudi Arabia - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in Saudi Arabia - 2021
Contents:
- Peanut Butter Price in Saudi Arabia (CIF) - 2022
- Peanut Butter Price in Saudi Arabia (FOB) - 2022
- Peanut Butter Imports in Saudi Arabia
- Peanut Butter Exports in Saudi Arabia
Peanut Butter Price in Saudi Arabia (CIF) - 2022
The average peanut butter import price stood at $3,094 per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average import price increased by 8.5%. The import price peaked at $3,274 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($4,787 per ton), while the price for India ($1,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Price in Saudi Arabia (FOB) - 2022
In 2022, the average peanut butter export price amounted to $3,007 per ton, picking up by 7.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $5,109 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($3,662 per ton), while the average price for exports to Jordan ($1,908 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Imports in Saudi Arabia
In 2022, the amount of peanut butter and prepared or preserved groundnuts imported into Saudi Arabia expanded notably to 14K tons, surging by 7.8% compared with the previous year. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 7.9% against the previous year. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, peanut butter imports rose notably to $44M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of $48M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Peanut Butter in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 13.9 | 10.0 | 10.3 | 12.2 | -4.3% |
| United States | 11.2 | 12.6 | 8.0 | 11.4 | 0.6% |
| Canada | 8.9 | 13.5 | 9.1 | 11.3 | 8.3% |
| China | 2.0 | 2.7 | 3.3 | 3.6 | 21.6% |
| India | 2.1 | 2.4 | 2.9 | 3.1 | 13.9% |
| South Africa | N/A | 3.5 | 5.0 | N/A | 42.9% |
| Others | 3.9 | 3.0 | 2.4 | 2.7 | -11.5% |
| Total | 42.1 | 47.6 | 40.9 | 44.3 | 1.7% |
Top Suppliers of Peanut Butter to Saudi Arabia in 2022:
- Canada (4.2K tons)
- United States (3.0K tons)
- United Arab Emirates (2.6K tons)
- China (1.9K tons)
- India (1.8K tons)
Peanut Butter Exports in Saudi Arabia
After three years of growth, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -12.7% to 100 tons in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 104% against the previous year.
In value terms, peanut butter exports contracted to $300K in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 127%.
| Export of Peanut Butter in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 50.1 | 21.4 | 135 | 233 | 66.9% |
| Kuwait | 3.4 | 31.9 | 21.5 | 37.1 | 121.8% |
| Jordan | 5.2 | 30.4 | 16.9 | 29.8 | 79.0% |
| Malaysia | N/A | N/A | 36.3 | N/A | 0% |
| India | N/A | 31.5 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 28.3 | 59.6 | N/A | 110.6% |
| Yemen | N/A | 136 | 11.1 | N/A | -91.8% |
| Others | 64.7 | N/A | 39.9 | N/A | -21.5% |
| Total | 123 | 280 | 320 | 300 | 34.6% |
Top Export Markets for Peanut Butter from Saudi Arabia in 2022:
- Bahrain (74.0 tons)
- Jordan (15.6 tons)
- Kuwait (10.1 tons)
This report provides an in-depth analysis of the peanut butter market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1987
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
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Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
8775
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1987
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1161
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
