GCC: Sweet Potato Market 2024

Sweet Potato Market Size in GCC

After eleven years of growth, the GCC sweet potato market decreased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2022, and then reduced rapidly in the following year.

Sweet Potato Production in GCC

In value terms, sweet potato production stood at $X in 2023 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Oman (X tons) remains the largest sweet potato producing country in GCC, accounting for X% of total volume. Moreover, sweet potato production in Oman exceeded the figures recorded by the second-largest producer, Kuwait (X tons), sixfold.

In Oman, sweet potato production expanded at an average annual rate of X% over the period from 2012-2023.

The average sweet potato yield reduced dramatically to X tons per ha in 2023, waning by X% against 2022. Overall, the yield, however, saw a remarkable increase. The growth pace was the most rapid in 2022 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha, 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 2023, the total area harvested in terms of sweet potatoes production in GCC was estimated at X ha, flattening at the year before. Overall, the harvested area saw a deep contraction. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Sweet Potato Exports

Exports in GCC

Sweet potato exports surged to X tons in 2023, jumping by X% compared with the previous year. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, sweet potato exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Oman represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up an X% share of total exports.

Oman was also the fastest-growing in terms of the sweet potatoes exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Oman ($X) remains the largest sweet potato supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Oman totaled X%.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Sweet Potato Imports

Imports in GCC

Sweet potato imports surged to X tons in 2023, jumping by X% compared with the year before. Overall, imports posted strong growth. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, sweet potato imports skyrocketed to $X in 2023. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates imports structure, together making up X% of total imports. It was distantly followed by Kuwait (X tons), Qatar (X tons) and Bahrain (X tons), together committing a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Qatar, Bahrain and Oman lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in GCC stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform