Citrus Fruit Preserves Market Overview in Saudi Arabia
In value terms, citrus fruit preserves production fell to $ in 2019 estimated in export prices. Overall, production saw a notable expansion. The growth pace was the most rapid in 2012 when the production volume increased by % y-o-y. Citrus fruit preserves production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The size of the citrus fruit preserves market in Saudi Arabia fell to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Citrus fruit preserves consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.