Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia - 2022
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia (CIF) - 2022
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia (CIF) - 2022
In 2022, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,957 per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. As a result, import price reached the peak level of $8,097 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($7,385 per ton), while the price for Vietnam amounted to $6,310 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.8%).
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia (FOB) - 2022
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $8,909 per ton in 2022, which is down by -4.2% against the previous year. Over the period under review, the export price, however, posted a strong increase. The growth pace was the most rapid in 2017 an increase of 58%. Over the period under review, the average export prices reached the peak figure at $9,299 per ton in 2021, and then reduced slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +36.4% per year.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia
Imports of nuts, edible; cashew nuts, shelled, fresh or drieds into Saudi Arabia dropped to 8.2K tons in 2022, declining by -12% compared with the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 9.4K tons, and then contracted in the following year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds shrank to $57M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of $65M, and then dropped in the following year.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 46.6 | 36.6 | 37.7 | 33.9 | -10.1% |
| Vietnam | 6.3 | 11.1 | 25.2 | 21.5 | 50.6% |
| Others | 2.5 | 1.9 | 2.1 | 1.9 | -8.7% |
| Total | 55.4 | 49.6 | 65.0 | 57.3 | 1.1% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Saudi Arabia in 2022:
- India (4.6K tons)
- Vietnam (3.4K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia
In 2022, approx. 88 tons of nuts, edible; cashew nuts, shelled, fresh or drieds were exported from Saudi Arabia; with a decrease of -25.4% compared with 2021. In general, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 103% against the previous year. As a result, the exports reached the peak of 118 tons, and then dropped remarkably in the following year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds shrank markedly to $782K in 2022. Overall, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, the exports reached the peak of $1.1M, and then contracted remarkably in the following year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 16.8 | 343 | 1,085 | 782 | 259.7% |
| United Arab Emirates | N/A | 115 | N/A | N/A | 0% |
| Others | 679 | 11.7 | 9.2 | N/A | -88.4% |
| Total | 695 | 470 | 1,095 | 782 | 4.0% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Saudi Arabia in 2022:
- Bahrain (87.8 tons)
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