Saudi Arabia: Green Bean Market 2024

Green Bean Market Size in Saudi Arabia

The Saudi green bean market fell to $X in 2023, which is down by X% against the previous year. In general, consumption, however, continues to indicate a significant expansion. Green bean consumption peaked at $X in 2022, and then shrank in the following year.

Green Bean Production in Saudi Arabia

In value terms, green bean production reduced slightly to $X in 2023 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

In 2023, the average yield of green beans in Saudi Arabia skyrocketed to X tons per ha, with an increase of X% compared with 2022. Over the period under review, the yield, however, recorded a abrupt setback. Over the period under review, the average green bean yield hit record highs at X tons per ha in 2019; however, from 2020 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of green beans production in Saudi Arabia dropped remarkably to X ha, waning by X% against 2022 figures. In general, the harvested area, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with a decrease of X% against the previous year. The green bean harvested area peaked at X ha in 2022, and then shrank significantly in the following year.

Green Bean Exports

Exports from Saudi Arabia

Green bean exports from Saudi Arabia shrank modestly to X tons in 2023, standing approx. at 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, green bean exports dropped rapidly to $X in 2023. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for green bean exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, green bean exports to Kuwait exceeded the volume sent to the second major destination, Yemen (X tons), ninefold. Bahrain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Bahrain (X% per year).

It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Kuwait stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Saudi Arabia

In 2018, green bean imports into Saudi Arabia stood at X tons, approximately equating the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2018 and are expected to retain growth in years to come.

In value terms, green bean imports stood at $X in 2018. Over the period under review, imports recorded measured growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2018 and are likely to continue growth in the immediate term.

Imports by Country

In 2018, India (X tons) constituted the largest green bean supplier to Saudi Arabia, with a X% share of total imports. Moreover, green bean imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2018, the average annual rate of growth in terms of volume from India totaled X%.

In value terms, the largest green bean suppliers to Saudi Arabia were India ($X) and the Netherlands ($X).

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average green bean import price stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the import price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2018 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform