Product Code: ETC383439 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Saudi Arabia Orchid market currently, in 2023, has witnessed an HHI of 10000, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The orchid market in Saudi Arabia has gained significant attention, driven by the country`s fascination with ornamental plants. Orchids, with their intricate and diverse range of flowers, have become a symbol of beauty and luxury. These flowers are highly valued for their aesthetics and are often used to adorn homes, offices, and events. The market offers a wide variety of orchid species, each with its own unique color, shape, and fragrance. Orchid enthusiasts, hobbyists, and interior designers contribute to the demand for these exotic plants. The orchid market not only caters to local consumers but also to international buyers, as the country`s efforts to develop its horticultural industry have led to increased exports.
The Saudi Arabia orchid market is driven by the appreciation for ornamental plants and the increasing interest in gardening and interior decoration. Orchids are admired for their beauty, elegance, and diverse color variations. As more individuals seek to incorporate greenery into their surroundings, the demand for ornamental plants like orchids continues to rise.
In the Saudi Arabia Orchid Market, challenges arise from the delicate nature of orchids and the need to maintain their optimal growing conditions. Orchids are often considered exotic and require specialized care, which may deter potential consumers. Educating the market about orchid cultivation, dispelling misconceptions, and ensuring proper post-purchase support are key challenges.
The COVID-19 pandemic had a mixed impact on the orchid market in Saudi Arabia. On one hand, the market faced challenges due to disruptions in supply chains, logistical issues, and reduced demand from non-essential sectors. With lockdowns and restrictions in place, florists, event planners, and other businesses that use orchids for decorations and gifting faced decreased demand. On the other hand, there was an uptick in the interest for indoor gardening and ornamental plants as people spent more time at home. This led to increased demand for orchids and other plants suitable for home cultivation. The market witnessed a shift from commercial to residential demand, which somewhat offset the decline in other sectors.
The major players operating in the Saudi Arabia orchid market include National Flora Plantations Company Ltd., Tafco Flowers Co Ltd., Jeddah Flower Garden Agricultural Corporation, Green Leaf Nursery Red Sea Farms Co Ltd., Asir Ornamental Plants Establishment (Agrihorti), Arab Floriculture Industry Supply Chain Management SPC (AFSCM), Yastalaty Establishments For Agriculture Investment & Development Corp.(YEAIDC). All these companies supply a variety of orchids such as Phalaenopsis hybridized species along with other flowers like roses at large scale throughout the country mainly catering to requirement generated out of weddings functions as well as corporate events etc.