Saudi Arabia: Meat And Poultry Market 2024

Meat And Poultry Market Size in Saudi Arabia

The Saudi meat and poultry market expanded modestly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Meat and poultry consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Meat And Poultry Production in Saudi Arabia

In value terms, meat and poultry production stood at $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Meat and poultry production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of meat and poultry in Saudi Arabia amounted to X kg per head in 2022, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. Over the period under review, the average meat and poultry yield reached the peak level in 2022 and is likely to continue growth in the near future.

In 2022, the number of animals slaughtered for meat and poultry production in Saudi Arabia declined to X heads, almost unchanged from the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2014; however, from 2015 to 2022, producing animals failed to regain momentum.

Meat And Poultry Exports

Exports from Saudi Arabia

In 2022, approx. X tons of meat and poultry were exported from Saudi Arabia; falling by X% against the previous year's figure. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, meat and poultry exports contracted slightly to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Kuwait (X tons) were the main destinations of meat and poultry exports from Saudi Arabia, with a combined X% share of total exports. Congo, Yemen, Guinea and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Congo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Kuwait ($X) appeared to be the largest markets for meat and poultry exported from Saudi Arabia worldwide, with a combined X% share of total exports. Yemen, Congo, Guinea and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Saudi Arabia

In 2022, overseas purchases of meat and poultry increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, meat and poultry imports fell modestly to $X in 2022. In general, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest meat and poultry supplier to Saudi Arabia, with a X% share of total imports. Moreover, meat and poultry imports from Brazil exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and France (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of meat and poultry to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Australia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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