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Saudi Arabian barley imports totaled approximately 2.63 million metric tons (MMT) during the eight months of the marketing year (MY) 2021/2022, which is a decrease of approximately 41 percent compared to the same time period last year.
The Saudi Grains Organization (SAGO) projects domestic wheat production at 700,000 metric tons (MT) in MY 2021/2022, up approximately 17 percent from USDA’s official estimate of 600,000 MT. Experts anticipate local domestic wheat production could reach 1 million metric tons (MMT) in MY 2022/2023 to offset expected import delays from Russia and Ukraine as a result of the ongoing war.
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 percent over total investments in 2016.
Saudi Arabia’s barley imports for the first six months of Marketing Year (MY) 2021/22 is estimated at 2.36 million metric tons (MMT), a 41 percent decrease compared to the same period last year.
Bosnia and Herzegovina (BiH) imports approximately two-thirds of its overall food needs and have a large foreign trade deficit. The market for processed foods is determined based upon price rather than quality, as consumers seek to extend their buying power.
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.
In recent years, Saudi Arabia has published several new announcements, regulations, and standards at an extremely rapid pace.
Bosnia and Herzegovina (BiH) allows permitted import of genetically engineered (GE) products based on the 2009 Law on “Genetically Modified Organisms” (“GMOs”) and its pertaining bylaws.
Saudi 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 is a 20th largest importer of U.S. food and agricultural products in the world, with direct U.S. exports of $1.23 billion in 2020. Return to semi-normal living conditions are invigorating U.S. agricultural exports to the Kingdom as supported by the U.S. Customs data for January – August 2021 that show 16 percent increase compared to the same period in 2020.
Saudi Arabia’s barley imports for the first six months of MY2021/22 (July – Dec. 2021) is estimated at 2.8 million metric tons (MMT), a reduction of 30 percent compared to the same period last year.
As a result of millions of religious pilgrims, foreign workers, and a developing tourism industry Saudi Arabia has a large and resilient HRI sector.