Saudi Arabia: Food Service - Hotel Restaurant Institutional
Link to report:
U.S. exports of consumer-oriented food products to Saudi Arabia decreased four percent in 2021, compared to 2020, to approximately $535 million mainly due to shipping issues (e.g., fewer cargo ships, higher costs, etc.) throughout the year. In June 2022, the Saudi government lifted all COVID-19 restrictions allowing the food service sector to return to pre-pandemic operations while also fully reopening the country to foreign visitors. These changes significantly increased the demand for food ingredients, and Post anticipates 2022 will be a rebound year for U.S. exports. In 2021, the total value of the Saudi foodservice market was estimated at approximately $29 billion and projected to grow approximately 10 percent annually over the next few years.