Bahrain: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Bahrain

In 2022, the Bahraini market for candies, sweets, and nonchocolate confectionery was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Bahrain

In value terms, candy, sweets, and nonchocolate confectionery production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 18%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Bahrain

In 2022, the amount of candies, sweets, and nonchocolate confectionery exported from Bahrain dropped to X tons, declining by -12.8% compared with the year before. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 201% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports declined to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 176%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Bahrain, accounting for a 70% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sevenfold. The third position in this ranking was taken by Free Zones (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+34.3% per year) and Free Zones (+70.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Bahrain, comprising 53% of total exports. The second position in the ranking was held by Free Zones ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+71.9% per year) and the United Arab Emirates (+26.4% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, increasing by 8.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Bahrain

In 2022, candy, sweets, and nonchocolate confectionery imports into Bahrain skyrocketed to X tons, growing by 43% on 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports surged to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Bahrain, with a 24% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Turkey exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Iran (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+1.8% per year) and Iran (+11.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Bahrain, comprising 19% of total imports. The second position in the ranking was taken by China ($X), with a 9% share of total imports. It was followed by Saudi Arabia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.1% per year) and Saudi Arabia (+2.2% per year).

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, falling by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform