Saudi Arabia’s date exports rise 15.9% in 2024, reaching $451m

Saudi Arabia maintains around 123,000 palm agricultural holdings across the country. SPA
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Updated 17 April 2025
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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.


GCC growth set to accelerate to 4.4% in 2026 on non-oil strength: World Bank 

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GCC growth set to accelerate to 4.4% in 2026 on non-oil strength: World Bank 

RIYADH: Economies across the Gulf Cooperation Council are forecast to grow 4.4 percent in 2026, accelerating to 4.6 percent in 2027, driven by rising non-oil activity in countries including Saudi Arabia, according to an analysis. 

In its Global Economic Prospects report, the World Bank said the Kingdom’s real gross domestic product is projected to grow 4.3 percent in 2026 and 4.4 percent in 2027, up from an expected 3.8 percent in 2025. 

Earlier this month, a separate analysis by Standard Chartered echoed similar expectations, forecasting the Kingdom’s GDP to expand by 4.5 percent in 2026, outperforming the projected global growth average of 3.4 percent, supported by momentum in both hydrocarbon and non-oil sectors. 

The World Bank’s latest forecast broadly aligns with the International Monetary Fund’s October outlook, which projects Saudi Arabia’s GDP to grow by about 4 percent in both 2025 and 2026. 

In its latest report, the World Bank said: “Growth in GCC countries is forecast to increase to 4.4 percent in 2026 and 4.6 percent in 2027, mainly reflecting a steady expansion of non-hydrocarbon activity, in addition to a further rise in hydrocarbon production.” 

It added: “The strengthening of non-hydrocarbon activity — accounting for more than 60 percent of GCC countries’ total GDP — is projected to be supported by expected large-scale investments, including in Kuwait and Saudi Arabia.” 

Expanding the non-oil sector remains a core objective of Saudi Arabia’s Vision 2030 agenda, as the Kingdom continues efforts to reduce its long-standing reliance on crude revenues. 

Highlighting the strength of Saudi Arabia’s non-oil momentum, S&P Global said the Kingdom recorded the highest purchasing managers’ index reading in the region in December, at 57.4, supported by rising new orders, continued growth in non-energy business activity, and expanding employment.

At the country level, the UAE’s economy is projected to grow by 5 percent in 2026, before accelerating to 5.1 percent in 2027. 

Oman’s GDP is forecast to expand by 3.6 percent in 2026 and 4 percent in 2027, while Qatar is expected to record growth of 5.3 percent next year, rising sharply to 6.8 percent in 2027. 

In Kuwait and Bahrain, GDP growth is projected at 2.6 percent and 3.5 percent, respectively, in 2026. 

Across the broader Middle East, North Africa, Afghanistan and Pakistan region, growth is estimated to have reached 3.1 percent in 2025 and is projected to strengthen further to 3.6 percent in 2026 and 3.9 percent in 2027, largely driven by improving performance among oil-exporting economies. 

Potential growth challenges 

The World Bank also outlined several downside risks that could weigh on economic growth across the region. 

These include a re-escalation of armed conflicts, heightened violence or social unrest, which could disrupt economic activity and weaken confidence. 

Other risks include tighter global financial conditions, further increases in trade restrictions and tensions, greater uncertainty over global trade policies, and more frequent or severe natural disasters. 

For oil exporters, lower-than-expected oil prices or heightened price volatility could also dampen growth. 

“A re-escalation of armed conflicts in the region could cause a significant deterioration in consumer and business sentiment, not only in the economies directly affected but also in neighboring economies,” the World Bank said.  

It added: “It could spill over into a broader increase in policy uncertainty and a tightening of financial conditions, dampening investment and economic activity.” 

Global outlook 

The World Bank said the global economy has proved more resilient than expected despite last year’s escalation in trade tensions and policy uncertainty. 

Global economic growth is projected at 2.6 percent in 2026, easing from an estimated 2.7 percent in 2025. 

“The modest slowdown comes on the heels of a post-pandemic rebound over 2021–25 that represented the strongest recovery from a global recession in more than six decades,” the World Bank said, adding that the rebound was uneven and came at the cost of higher inflation and rising debt. 

Among advanced economies, US GDP is projected to grow by 1.6 percent in both 2026 and 2027. 

China’s economy is expected to expand by 4.4 percent in 2026 before slowing to 4.2 percent in 2027, while India’s GDP is forecast to grow by 6.5 percent and 6.6 percent over the same period.