Bahrain: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Bahrain

The Bahraini market for chocolate bars with cereals, fruit or nuts surged to $X in 2022, growing by 19% against the previous year. Overall, consumption showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Bahrain

In value terms, production of chocolate bars with cereals, fruit or nuts surged to $X in 2022 estimated in export price. Overall, production showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 170%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Bahrain

Exports of chocolate bars with cereals, fruit or nuts from Bahrain was estimated at X tons in 2022, increasing by 1.9% compared with the previous year. In general, exports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 172% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts soared to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 219%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Bahrain, accounting for a 85% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Free Zones exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), ninefold. The third position in this ranking was held by Saudi Arabia (X kg), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones totaled +168.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+40.0% per year) and Saudi Arabia (-48.3% per year).

In value terms, Free Zones ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Bahrain, comprising 84% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Saudi Arabia, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at +233.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+49.2% per year) and Saudi Arabia (-46.3% per year).

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, growing by 36% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 101% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Jordan ($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 Free Zones (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Bahrain

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 73%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts expanded notably to $X in 2022. Overall, imports posted temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of 70%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Egypt (X tons) and Turkey (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Bahrain, with a combined 57% share of total imports. Switzerland, the UK, Saudi Arabia, Poland, Germany, China, Malaysia, France, the Netherlands and Free Zones lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Bahrain were Egypt ($X), the United Arab Emirates ($X) and Switzerland ($X), together comprising 55% of total imports. Saudi Arabia, the UK, Germany, China, Poland, France, Turkey, Malaysia, the Netherlands and Free Zones lagged somewhat behind, together accounting for a further 38%.

China, with a CAGR of +47.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chocolate bars with cereals, fruit or nuts increased by +86.4% against 2014 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 28%. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

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 Free Zones ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform