Key regions: United Kingdom, Germany, Italy, United States, Brazil
Saudi Arabia, a desert country with a hot and dry climate, is known for its oil reserves. However, the country's fruit market has been developing rapidly in recent years.
Customer preferences: The Saudi Arabian consumers are increasingly health-conscious and prefer fresh and nutritious fruits. The demand for organic fruits has also been increasing in the market. The consumers prefer locally grown fruits, which are fresh and easily available in the market.
Trends in the market: The Saudi Arabian fruit market has been growing at a steady pace due to the increasing demand for fresh and nutritious fruits. The market has been witnessing a shift towards the consumption of exotic fruits such as avocados, berries, and pomegranates. The demand for processed fruits such as juices and dried fruits has also been increasing in the market.
Local special circumstances: Saudi Arabia's geographical location and climate make it difficult to grow certain fruits, which has led to a high dependency on imports. The country has been investing heavily in the agriculture sector to increase the production of fruits locally. The government has also been promoting the consumption of locally grown fruits to reduce the dependency on imports.
Underlying macroeconomic factors: The growing population and increasing disposable income levels in Saudi Arabia have been driving the demand for fruits in the market. The country's young population is increasingly health-conscious and prefers a nutritious and balanced diet. The government's focus on promoting the agriculture sector has also been contributing to the growth of the fruit market in the country.In conclusion, the fruit market in Saudi Arabia has been growing steadily due to the increasing demand for fresh and nutritious fruits. The market has been witnessing a shift towards the consumption of exotic and processed fruits. The country's geographical location and climate make it difficult to grow certain fruits, leading to a high dependency on imports. However, the government's focus on promoting the agriculture sector and the consumption of locally grown fruits is expected to reduce the dependency on imports in the future.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
