Latest news with #SR1.695
Arab News
17-04-2025
- Business
- Arab News
Saudi Arabia's date exports rise 15.9% in 2024, reaching $451m
RIYADH: Saudi Arabia's date exports saw a 15.9 percent year-on-year increase in 2024, reaching SR1.695 billion ($451.7 million), according to newly released data from the National Center for Palms and Dates. In the same year, the Kingdom produced more than 1.9 million tonnes of dates, underscoring its significant role in the global date industry, the Saudi Press Agency reported. Home to over 33 million palm trees—representing approximately 27 percent of the world's total—Saudi Arabia maintains around 123,000 palm agricultural holdings across the country, further solidifying its position as a global leader in date production. Looking ahead, the global date market is expected to grow from $120 million in 2023 to $220 million by 2032, with a projected compound annual growth rate of 5.22 percent, according to Market Research Future. The SPA statement said: 'Saudi dates have achieved notable expansion across global markets, reaching consumers in 133 countries. The export value represents a 15.9 percent increase compared to 2023.' It added: 'The growth is attributed to sustained efforts aimed at enhancing the quality of Saudi dates and broadening their global marketing presence, highlighting the increasing importance of the palm and date sector in bolstering the national economy and diversifying revenue streams.' The Kingdom's date industry has undergone a remarkable transformation since the launch of Vision 2030 in 2016 — a strategic initiative aimed at diversifying Saudi Arabia's non-oil economy. According to recent data, the value of Saudi date exports has surged by 192.5 percent over the past eight years, reflecting an impressive compound annual growth rate of 12.7 percent. This upward trajectory underscores Saudi Arabia's continued progress in establishing itself as a key player in the global date market, while also highlighting the sector's growing role in contributing to global food security. The sector's success can be attributed to the unwavering support of the Kingdom's leadership, recognizing the palm and date industry as a cornerstone of Saudi heritage and cultural identity. This support is complemented by the collaborative efforts of producers, exporters, and government agencies working to streamline export processes and expand international market reach through strategic partnerships with the private sector. The cultural and economic importance of dates is symbolized by the inclusion of a date palm flanked by crossed swords in the Saudi national emblem. As a symbol of Arab hospitality and a staple in the daily lives of Saudis, the fruit holds deep-rooted significance in the Kingdom. In recent years, a range of local and international initiatives have helped elevate the market value of Saudi dates. Notably, the establishment of the National Center for Palms and Dates and the International Dates Council—which brings together 11 date-producing countries—reflects the Kingdom's leadership in shaping the future of the global date industry.
Zawya
17-04-2025
- Business
- Zawya
Value of Saudi dates exports reaches $450mln in 2024
RIYADH — The Saudi National Center for Palms and Dates revealed that Saudi Arabia's exports of dates reached SR1.695 billion during the year 2024. According to the data from the General Authority for Statistics (GASTAT), the volume of dates production in the Kingdom exceeded 1.9 million tons last year, reflecting the Kingdom's high production capacity in the palm and dates sector. Saudi dates have achieved remarkable expansion in global markets, with their exports reaching 133 countries around the world, with a 15.9 percent increase in value in 2024 compared to 2023. This growth is attributed to ongoing efforts to enhance the quality of Saudi dates and expand their global marketing reach. It underscores the growing importance of the palm and dates sector in supporting the national economy and diversifying sources of income. Coinciding with the launch of the Kingdom's Vision 2030 and its pivotal role in boosting non-oil revenues, Saudi dates exports have witnessed a radical transformation. Since 2016, the value of the dates exports has increased by 192.5 percent. This cumulative annual growth of 12.7 percent reflects the Kingdom's continued success in consolidating its position as a major exporter of dates in international markets. These figures confirm the growing importance of Saudi dates and their role in enhancing global food security. This achievement is a continuation of the significant support provided by the wise leadership for the palm and dates sector, as a fundamental pillar of the Kingdom's cultural and heritage identity. This achievement is complemented by the integrated efforts between date producers and exporters and government agencies to facilitate export procedures and enhance their reach in global markets through effective partnerships with the private sector. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
16-04-2025
- Business
- Saudi Gazette
Value of Saudi dates exports reaches SR1.69 billion in 2024
Saudi Gazette report RIYADH — The Saudi National Center for Palms and Dates revealed that Saudi Arabia's exports of dates reached SR1.695 billion during the year 2024. According to the data from the General Authority for Statistics (GASTAT), the volume of dates production in the Kingdom exceeded 1.9 million tons last year, reflecting the Kingdom's high production capacity in the palm and dates sector. Saudi dates have achieved remarkable expansion in global markets, with their exports reaching 133 countries around the world, with a 15.9 percent increase in value in 2024 compared to 2023. This growth is attributed to ongoing efforts to enhance the quality of Saudi dates and expand their global marketing reach. It underscores the growing importance of the palm and dates sector in supporting the national economy and diversifying sources of income. Coinciding with the launch of the Kingdom's Vision 2030 and its pivotal role in boosting non-oil revenues, Saudi dates exports have witnessed a radical transformation. Since 2016, the value of the dates exports has increased by 192.5 percent. This cumulative annual growth of 12.7 percent reflects the Kingdom's continued success in consolidating its position as a major exporter of dates in international markets. These figures confirm the growing importance of Saudi dates and their role in enhancing global food security. This achievement is a continuation of the significant support provided by the wise leadership for the palm and dates sector, as a fundamental pillar of the Kingdom's cultural and heritage identity. This achievement is complemented by the integrated efforts between date producers and exporters and government agencies to facilitate export procedures and enhance their reach in global markets through effective partnerships with the private sector.
