Bahrain: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Bahrain

The Bahraini chocolate and confectionery market expanded significantly to $X in 2022, surging by 13% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Chocolate And Confectionery Production in Bahrain

In value terms, chocolate and confectionery production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, showed a slight decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 77%. Chocolate and confectionery production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Chocolate And Confectionery Exports

Exports from Bahrain

In 2022, shipments abroad of chocolate and confectionery was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 137%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports surged to $X in 2022. Overall, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 66%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of chocolate and confectionery exports from Bahrain, together accounting for 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of +78.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X) remains the key foreign market for chocolate and confectionery exports from Bahrain, comprising 56% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-17.7% per year) and the United Arab Emirates (+28.6% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed slight growth. The most prominent rate of growth was recorded in 2017 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, 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 Qatar (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate And Confectionery Imports

Imports into Bahrain

In 2022, approx. X tons of chocolate and confectionery were imported into Bahrain; with an increase of 5.4% against 2021 figures. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, chocolate and confectionery imports rose notably to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Singapore (X tons) and Egypt (X tons) were the main suppliers of chocolate and confectionery imports to Bahrain, with a combined 33% share of total imports. The United Arab Emirates, Italy, Germany, the Netherlands, Russia, Belgium, Saudi Arabia, the UK, Poland and France lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +48.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Bahrain were Egypt ($X), Turkey ($X) and the Netherlands ($X), with a combined 29% share of total imports. Saudi Arabia, Italy, the United Arab Emirates, Poland, Germany, Singapore, Russia, the UK, Belgium and France lagged somewhat behind, together comprising a further 51%.

In terms of the main suppliers, Russia, with a CAGR of +52.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, increasing by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform