GCC: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in GCC

The GCC homogenised jam and marmalade market declined to $X in 2022, dropping by -11.2% against the previous year. Overall, consumption showed a pronounced decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in GCC

In value terms, homogenised jam and marmalade production fell to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 35% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports in GCC

In 2022, the amount of homogenised preparations of jams, fruit jellies and marmalades exported in GCC fell rapidly to X tons, shrinking by -18.6% against the previous year's figure. In general, exports showed a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 136% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade exports shrank sharply to $X in 2022. Overall, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2019 with an increase of 76% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was approx. 81% of total exports in 2022. Saudi Arabia (X tons) took a 6.8% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (6%) and Oman (5.7%).

Exports from the United Arab Emirates decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, Kuwait (+14.9%) and Oman (+13.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +14.9% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. While the share of Kuwait (+4.7 p.p.) and Oman (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest homogenised jam and marmalade supplier in GCC, comprising 81% of total exports. The second position in the ranking was taken by Oman ($X), with a 7.9% share of total exports. It was followed by Saudi Arabia, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +1.1%. In the other countries, the average annual rates were as follows: Oman (+23.3% per year) and Saudi Arabia (-1.9% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by 3.1% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, homogenised jam and marmalade export price increased by +15.6% against 2020 indices. The growth pace was the most rapid in 2014 when the export price increased by 91% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports in GCC

In 2022, purchases abroad of homogenised preparations of jams, fruit jellies and marmalades decreased by -1.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade imports contracted modestly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which recorded 67% of total imports. Kuwait (X tons) held the second position in the ranking, distantly followed by Oman (X tons). All these countries together took near 28% share of total imports. Qatar (X tons) took a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the homogenised preparations of jams, fruit jellies and marmalades imports, with a CAGR of +5.5% from 2012 to 2022. At the same time, Kuwait (+3.6%) displayed positive paces of growth. By contrast, Oman (-1.5%) and Qatar (-5.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+42 p.p.), Kuwait (+12 p.p.) and Oman (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X) were the countries with the highest levels of imports in 2022, together accounting for 86% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of +5.5%, 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

The import price in GCC stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2016 when the import price increased by 20% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform