The demand for Indian Agri products is rising in the Middle East. With a population of about 340 million, Saudi Arabia’s farming sector is relatively small, but the country is restructuring its agricultural business to meet its growing food needs. Demand for Indian Agri products such as turmeric, tea, and coffee is also on the rise.
It goes without saying that a country’s economy and level of development largely depend on its exports and imports. Among all other commodities, Agri commodities are no doubt the most exported or imported by different countries around the world. However, which countries are the biggest exporters and importers of these products, and what are other important stats. This blog answers all these questions and more by exploring the global trade of Agri commodities. By understanding how this trade works and which countries are the biggest exporters and importers of these products, you’ll be better equipped to make informed choices when it comes to your own country’s trade policies.
Libya is one of the most important countries in the Mediterranean region due to its strategic location, natural resources and proximity to Europe. Its Agri-Commodity Market is mainly composed of olive trees, citrus fruits, dates and cereals. Besides the traditional crops mentioned above, Libya also produces vegetables and livestock.
Agri-commodities have become very popular as an investment avenue amongst Indian investors as well as non-resident Indians (NRIs). Since the government of India has liberalized agricultural commodities trading in India, there has been a spurt in interest of people towards investing in Agri-commodities like sugar, rice, spices, pulses and millets. This article provides an overview of the current scenario of trading in agricultural commodities in India and some important factors that you should consider before venturing into trading in Agri-commodities.
Ethiopia is one of the fastest growing economies in Africa, with an estimated GDP growth rate of 10.5% in 2020. It is also one of the largest markets in Africa for Agri-commodity, with a population of over 100 million people.
The Jamaican economy is heavily dependent on agri-commodities, which account for around 20% of GDP and 80% of exports. The country’s agricultural sector is expected to face challenges in the coming years due to a number of factors, including declining domestic demand and increasing competition from other Caribbean countries.
There were top five countries in the Middle East that contributed to around 20 percent of the exports of principal agricultural commodities from India between April and December 2020. UAE led the list along with Saudi Arabia, Iran, Iraq, and Egypt.
The economic and socio-cultural ties between India and Saudi Arabia are centuries old. The bilateral strategic partnership depends to a significant extent on the economic relationship between the two countries.
The market for agri-commodities in Israel is projected to grow at a CAGR of 5.50% during the period 2020-2025, according to a survey conducted by an independent market research organization. The market drivers for this growth are increasing progress in agricultural innovation along with high investments made in research and developmental activities. Some of the most popular products of the Israeli agricultural market are tomatoes, carrots, turnips, bananas, and grapefruits. Significant agricultural exports from the country include dates, avocados, pomegranates, almonds, and olive oil.
The Agri-commodity and food sector in Iran is expected to grow significantly in the years to come.
Iran is one of the largest economies in the Middle East and is characterized by a growing population and a rising income of the citizens. The country plays a large part in the consumption of agri-commodities in the region. There is a growing demand for food products and the production capacity of the country is often found struggling to meet the same. This growing demand for food is fueled by continuous growth in population, an increase in the middle class, and also an increase in urbanization.