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With the development of several billion-dollar projects and nearly 30 million visitors a year, the future for U.S. grain exports is bright. Post anticipates Saudi rice imports to increase approximately five percent over the next several years due to expansions in the food service sector.
The Kingdom of Saudi Arabia’s (KSA) regulations allow the importation of biotech plant products, but they are required to be labeled if they contain more than one percent genetically engineered (GE) plant ingredients.
Saudi Arabia was the 22nd largest market ($1.58 billion) for U.S. food and agricultural products in 2022, an increase of 18 percent compared to 2021.
The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms.
Over the past several years, Saudi Arabia published several new regulations and standards, some of which were notified to the World Trade Organization (WTO).
The major export certificates required by Saudi Arabia’s regulatory and import control agencies are included in this Food and Agricultural Import Regulations and Standards (FAIRS) - Certificates Report.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over 2021 to a record $656 million mainly due to the continued expansion in online shopping platforms.
Saudi Arabia is the largest economy in the Arab world and home to a growing food manufacturing and processing sector. Total investments in the sector are projected to reach $70 billion in 2030, an increase of approximately 59% over total investments in 2016.
Recent available data indicates that Saudi Arabia imported approximately 2.7 million metric tons (MMT) of barley in the first six months of MY 2022/23 (July – December 2022), an increase of approximately 11% compared to the same period last year (2.46 MMT).
The Kingdom of Saudi Arabia’s (KSA) regulations allow the importation of biotech plant products, but they are required to be labeled if they contain more than one percent genetically engineered (GE) plant ingredients. As a result, many retail packed food importers do not import biotech foods due to concerns that biotech labeling could jeopardize their product image. However, Saudi Arabia imports large quantities of biotech U.S. corn, soybeans, and their products.
Saudi Arabia’s barley imports for the first six months of MY 2022/23 (July – Dec. 2022) are estimated at 2.6 million metric tons (MMT), an increase of six percent compared to the same period last year. Post’s current projection for total barley imports for MY 2022/23 is 4.5 MMT, which is a decrease of four percent compared to the USDA official estimate of 4.7 MMT. Unless the price of barley drastically decreases, Post anticipates demand will remain low throughout MY 2022/23.