Saudi Arabia: Paddy Rice Market 2024

Paddy Rice Market Size in Saudi Arabia

In 2022, the Saudi paddy rice market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Paddy Rice Production in Saudi Arabia

In value terms, paddy rice production totaled less than $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average yield of paddy rice in Saudi Arabia dropped sharply to X tons per ha, which is down by X% on 2021 figures. Over the period under review, the yield, however, posted significant growth. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The paddy rice yield peaked at X tons per ha in 2021, and then fell dramatically in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Saudi Arabia; remaining stable against the year before. In general, the harvested area, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The paddy rice harvested area peaked at X ha in 2021, and then declined slightly in the following year.

Paddy Rice Exports

Exports from Saudi Arabia

In 2022, shipments abroad of paddy rice increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, exports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, paddy rice exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed a deep setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X tons) was the main destination for paddy rice exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, paddy rice exports to Namibia exceeded the volume sent to the second major destination, Ethiopia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia was relatively modest.

In value terms, Namibia ($X) emerged as the key foreign market for paddy rice exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia was relatively modest.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Namibia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Comoros (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Saudi Arabia

In 2022, purchases abroad of paddy rice was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main paddy rice supplier to Saudi Arabia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%.

In value terms, India ($X) constituted the largest supplier of paddy rice to Saudi Arabia.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%.

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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