GCC: Dried Grapes Market 2024

Dried Grapes Market Size in GCC

The GCC dried grapes market contracted to $X in 2022, waning by -13.6% against the previous year. Overall, consumption, however, recorded a modest increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Dried Grapes Production in GCC

In value terms, dried grapes production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with a decrease of 99.9% against the previous year. The level of production peaked in 2022 and is likely to continue growth in years to come.

Dried Grapes Exports

Exports in GCC

In 2022, approx. X tons of dried grapes were exported in GCC; with a decrease of -19.8% on 2021. Over the period under review, exports, however, showed mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 88%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, dried grapes exports declined dramatically to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was approx. 91% of total exports in 2022. The following exporters - Oman (X tons) and Saudi Arabia (X tons) - each finished at an 8.7% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of dried grapes. At the same time, Oman (+34.2%) and Saudi Arabia (+2.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +34.2% from 2012-2022. From 2012 to 2022, the share of Oman increased by +4.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest dried grapes supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.8% share of total exports.

In the United Arab Emirates, dried grapes exports expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+3.5% per year) and Oman (+35.6% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by 3.4% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried grapes export price decreased by -16.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 54% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.3%), while the other leaders experienced more modest paces of growth.

Dried Grapes Imports

Imports in GCC

In 2022, dried grapes imports in GCC fell markedly to X tons, reducing by -15.5% against the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 51% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, dried grapes imports declined to $X in 2022. Over the period under review, imports, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2015 with an increase of 96%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the largest importer of dried grapes, creating 51% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 26% share, followed by Kuwait (8.7%), Oman (7.2%) and Qatar (5.6%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried grapes importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined 85% share of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together accounting for a further 15%.

Qatar, with a CAGR of +13.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, growing by 4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2015 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while Qatar ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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