Lime Market Overview in Saudi Arabia
In value terms, lime production expanded notably to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 when the production volume increased by % year-to-year. Lime production peaked in 2019 and is likely to see gradual growth in the near future.
The revenue of the lime market in Saudi Arabia rose rapidly to $ in 2019, with an increase of % 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level in 2019 and is likely to see gradual growth in the immediate term.