Price for Protein; Concentrates and Textured Protein Substances in Saudi Arabia - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Saudi Arabia (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Saudi Arabia (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Saudi Arabia
- Exports of Protein; Concentrates and Textured Protein Substances in Saudi Arabia
Price for Protein; Concentrates and Textured Protein Substances in Saudi Arabia (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $5,539 per ton, which is down by -2.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, average import prices reached the peak figure at $6,277 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Spain ($24,550 per ton), while the price for India ($972 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Saudi Arabia (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $5,833 per ton in 2021, jumping by 335% against the previous year. Over the period under review, the export price showed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($12,602 per ton), while the average price for exports to Bahrain ($9,227 per ton) was amongst the lowest.
From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+268.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Protein; Concentrates and Textured Protein Substances in Saudi Arabia
In 2022, the amount of protein; concentrates and textured protein substanceses imported into Saudi Arabia reached 6.8K tons, growing by 8.2% on 2021. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 7.7K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of protein; concentrates and textured protein substanceses rose significantly to $38M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.8% against the previous year. As a result, imports attained the peak of $40M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Protein; Concentrates and Textured Protein Substances in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.7 | 4.9 | 11.0 | 11.3 | -10.4% |
| Denmark | 4.8 | 10.6 | 4.6 | 6.7 | 11.8% |
| New Zealand | 3.2 | 7.1 | 3.3 | 4.6 | 12.9% |
| United Kingdom | 1.3 | 1.1 | 3.7 | 3.8 | 43.0% |
| Germany | 3.7 | 3.8 | 3.2 | 3.6 | -0.9% |
| Netherlands | 0.8 | 1.5 | 1.7 | 1.8 | 31.0% |
| India | 1.0 | 2.1 | 1.6 | 1.6 | 17.0% |
| Others | 5.6 | 8.4 | 6.5 | 4.1 | -9.9% |
| Total | 36.0 | 39.5 | 35.6 | 37.6 | 1.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Saudi Arabia in 2022:
- India (1651.8 tons)
- United States (1099.0 tons)
- Denmark (885.0 tons)
- New Zealand (621.2 tons)
- United Kingdom (583.5 tons)
- Netherlands (553.2 tons)
- Germany (521.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Saudi Arabia
In 2021, approx. 251 tons of protein; concentrates and textured protein substanceses were exported from Saudi Arabia; rising by 487% compared with the previous year. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $1.5M in 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Saudi Arabia (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Bahrain | 9.4 | 1,291 | 13634.0% |
| Jordan | N/A | 121 | 0% |
| Egypt | N/A | 49.0 | 0% |
| Libya | 44.2 | 1.7 | -96.2% |
| Malaysia | 3.7 | N/A | 0% |
| Others | N/A | N/A | 0% |
| Total | 57.4 | 1,463 | 2448.8% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Saudi Arabia in 2022:
- Bahrain (140.0 tons)
- Jordan (9.6 tons)
- Egypt (5.0 tons)
- Libya (0.3 tons)
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