- Corn market size estimated at 4 MMT. Insignificant local crop produced for human consumption annually.
- The world’s largest barley importer with 6 MMT on 2019. Barley subsidies are being removed, resulting in an opportunity for corn imports go grow significantly in upcoming years.
- 13 TMT import of U.S. DDGS.
- Population / growth: 33 million / 1.63%
- Urban % / growth: 84.1% / 2.17%
- GDP / growth (PPP): $686.7 Billion / -0.9%
- GDP per capita (PPP): $54,500
- The U.S. is the third corn supplier with 20% market share, South American Corn lead the corn supply in Saudi Arabia with 80%.
- Black sea and E.U. supplied 80% of barley in 2019. No barley exports from the U.S.
- Poultry and dairy are the main consumers of imported corn. Corn is sold at market prices, but barley is sold to Bedouins at subsidized price.
Trade and Market Share Overview
- The U.S. is the lead corn supplier with 46% market share with over 1.49 MMT, Argentina come second with 1 MMT while Brazil export 700 TMT of corn to Saudi Arabia.
- Russia, Ukraine, Germany, France and Romania supplied 80% of barley in 2018 while Argentina supplied 764 TMT. No barley exports from the U.S.
- Four Panamax shipments of U.S. Sorghum, 280 TMT (11 million bushels), were discharged at Saudi Arabia ports when China announced an immediate 178.6 percent preliminary anti- dumping duty on U.S. Sorghum.
- Poultry and dairy are the main consumers of imported corn. Corn is sold at market prices, b barley is sold to Bedouins at subsidized price.
- Water scarcity and global price volatility prompted Saudi Arabia to stop local production of green fodder in 2019.
- Saudi authorities decided to reduce its annual subsidy. The new Agricultural Subsidies program will be redirected to the accounts of final beneficiaries such as (Dairy farmers & Poultry producers) instead of importers, local traders and feed millers.