Non-Liquid Margarine Price in Saudi Arabia - 2021
Contents:
- Non-Liquid Margarine Price in Saudi Arabia (CIF) - 2022
- Non-Liquid Margarine Price in Saudi Arabia (FOB) - 2022
- Non-Liquid Margarine Imports in Saudi Arabia
- Non-Liquid Margarine Exports in Saudi Arabia
Non-Liquid Margarine Price in Saudi Arabia (CIF) - 2022
The average non-liquid margarine import price stood at $1,649 per ton in 2021, with an increase of 33% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($2,302 per ton), while the price for Malaysia ($1,274 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Saudi Arabia (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,396 per ton, with a decrease of -11.6% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 43%. Over the period under review, the average export prices hit record highs at $2,054 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($1,525 per ton), while the average price for exports to Jordan amounted to $1,358 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Imports in Saudi Arabia
In 2021, the amount of non-liquid margarine imported into Saudi Arabia skyrocketed to 19K tons, growing by 46% against the year before. Over the period under review, total imports indicated a strong increase from 2019 to 2021: its volume increased at an average annual rate of +11.2% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine imports surged to $31M in 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Non-Liquid Margarine in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United Arab Emirates | 4.8 | 2.5 | 8.8 | 35.4% | |
Spain | 1.2 | 0.9 | 5.1 | 106.2% | |
Malaysia | 2.6 | 2.5 | 3.7 | 19.3% | |
Oman | N/A | 0.3 | 3.2 | 966.7% | |
Singapore | N/A | 2.4 | 2.4 | 0.0% | |
United States | 2.7 | 2.0 | 1.8 | -18.4% | |
Germany | 1.3 | 1.6 | 1.7 | 14.4% | |
Canada | N/A | N/A | 1.6 | 0% | |
Belgium | 0.8 | 0.3 | 0.6 | -13.4% | |
Indonesia | 0.6 | 0.5 | 0.4 | -18.4% | |
Others | 2.7 | 2.9 | 2.0 | -13.9% | |
Total | 16.9 | 16.0 | 31.1 | 35.7% |
Top Suppliers of Non-Liquid Margarine to Saudi Arabia in 2022:
- United Arab Emirates (6.2K tons)
- Spain (3.3K tons)
- Malaysia (2.9K tons)
- Oman (1.6K tons)
- Singapore (1.0K tons)
- United States (0.9K tons)
- Germany (0.9K tons)
- Canada (0.8K tons)
- Belgium (0.3K tons)
- Indonesia (0.2K tons)
Non-Liquid Margarine Exports in Saudi Arabia
In 2022, the amount of non-liquid margarine exported from Saudi Arabia declined to 1.8K tons, with a decrease of -12.2% compared with the year before. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, non-liquid margarine exports reduced sharply to $2.5M in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, the exports reached the peak of $3.2M, and then contracted dramatically in the following year.
Export of Non-Liquid Margarine in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jordan | 1,734 | 665 | 1,938 | 1,869 | 2.5% |
Bahrain | 103 | 230 | 134 | 605 | 80.4% |
Kuwait | 42.4 | 352 | 588 | N/A | 272.4% |
United Arab Emirates | 336 | 459 | 526 | N/A | 25.1% |
Others | 3.6 | 57.1 | 1.4 | 1.4 | -27.0% |
Total | 2,220 | 1,763 | 3,187 | 2,475 | 3.7% |
Top Export Markets for Non-Liquid Margarine from Saudi Arabia in 2022:
- Jordan (1376.1 tons)
- Bahrain (396.4 tons)
This report provides an in-depth analysis of the margarine spread market in Saudi Arabia.
This report provides an in-depth analysis of the margarine and shortening market in Saudi Arabia.
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
This report provides an in-depth analysis of the global margarine and shortening market.
This report provides an in-depth analysis of the margarine spread market in Saudi Arabia.
This report provides an in-depth analysis of the margarine and shortening market in Saudi Arabia.
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
This report provides an in-depth analysis of the global margarine and shortening market.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.