GCC: Fruit Flour Market 2024

Fruit Flour Market Size in GCC

The GCC fruit flour market declined to $X in 2022, falling by -12.9% against the previous year. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then fell in the following year.

Fruit Flour Production in GCC

In value terms, fruit flour production soared to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Fruit Flour Exports

Exports in GCC

Fruit flour exports soared to X tons in 2022, growing by 31% on the previous year. Over the period under review, exports, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 103% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit flour exports skyrocketed to $X in 2022. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2017 when exports increased by 165%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the key exporter of fruit flour, committing 68% of total exports. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons), together mixing up a 29% share of total exports. Bahrain (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fruit flour exports from the United Arab Emirates stood at -2.4%. At the same time, Oman (+18.7%), Bahrain (+16.1%) and Kuwait (+10.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +18.7% from 2012-2022. By contrast, Saudi Arabia (-4.3%) illustrated a downward trend over the same period. While the share of Kuwait (+7.3 p.p.), Oman (+4.4 p.p.) and Bahrain (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-5.1 p.p.) and the United Arab Emirates (-8.8 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest fruit flour supplier in GCC, comprising 78% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Kuwait, with a 6.6% share.

In the United Arab Emirates, fruit flour exports expanded at an average annual rate of +10.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-4.2% per year) and Kuwait (+27.3% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, waning by -12% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 112% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+14.8%), while the other leaders experienced more modest paces of growth.

Fruit Flour Imports

Imports in GCC

Fruit flour imports shrank remarkably to X tons in 2022, which is down by -39.5% on 2021 figures. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fruit flour imports contracted markedly to $X in 2022. In general, imports showed a mild slump. The pace of growth was the most pronounced in 2017 when imports increased by 16%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X tons, which reached 44% of total imports. Qatar (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Oman (15%), Bahrain (11%) and Kuwait (8.5%).

From 2012 to 2022, average annual rates of growth with regard to fruit flour imports into the United Arab Emirates stood at -3.3%. At the same time, Oman (+3.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +3.8% from 2012-2022. By contrast, Qatar (-2.8%), Kuwait (-3.7%) and Bahrain (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Oman, Qatar, Kuwait and Bahrain increased by +11, +9.2, +5.9, +1.7 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported fruit flour in GCC, comprising 55% of total imports. The second position in the ranking was taken by Qatar ($X), with a 17% share of total imports. It was followed by Oman, with an 11% share.

In the United Arab Emirates, fruit flour imports increased at an average annual rate of +2.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-3.3% per year) and Oman (+5.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform