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INTERNATIONAL MARKET REPORT

10/21/2024

SAUDI ARABIA

MARKET PULSE

CURRENT EXCHANGE RATE: 3.76
CHANGE FROM LAST MONTH: 0.00%
VOLUME TO DATE: N/A BOXES
CHANGE FROM LAST YEAR: %

(SOURCE: WSTFA)

Feedback from the Trade on Their Plans and Interest in the USA Pear Season:

The initial discussions are underway with the trade and plans are yet to be finalized. There are some changes to be expected in terms of custom duties and other taxes.

Expectations for Any Freight or Logistics Challenges:

The current situation in the Red Sea area continues to cause delays in the arrivals of vessels. There are also delays in loading empty containers, vessel cancellations, diversions and waiting in the queue to get docked and start offloading. All of these impacts disturb the importers as well as forwarding companies.

Opportunities in Your Market for Specific Varieties, Sizes, and Grades:

Consumers prefers Anjou among all other competitive pears available in the market, but due to the price they are obliged to purchase competitive pears. With its unique flavor and texture, Bosc pears could appeal to gourmet markets and health-conscious consumers. Smaller, single-serving sizes can cater to the growing trend of convenient, on-the-go snacks, particularly among busy families and young professionals. High-grade pears with superior appearance and taste can be marketed at premium prices, especially in upscale grocery stores and markets.

Update on the Competition in the Market:

Saudi Arabia has local fruit producers that may compete with imports. The presence of regional suppliers from countries like Egypt and Turkey can also increase competition. Competitors may engage in aggressive pricing tactics or promotional offers to capture market share, which could impact the pricing strategies for USA Pears.

Political or Economic Issues Impacting Imports, Retail, or Consumer Behavior:

Changes in tariffs or trade agreements can affect import costs and pricing strategies. Any shifts toward protectionist policies could complicate the import process. Increasing awareness of sustainability and environmental impact may drive consumer preferences towards local produce or sustainably sourced imports.

Other Brief Comments:

Ensuring high quality and freshness of pears during transportation and storage will be vital for maintaining consumer trust.