GCC: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in GCC

The GCC mixes and doughs market contracted to $X in 2022, falling by -6.5% against the previous year. In general, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Mixes And Doughs Production in GCC

In value terms, mixes and doughs production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 94%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Mixes And Doughs Exports

Exports in GCC

In 2022, approx. X tons of mixes and doughs were exported in GCC; surging by 11% on the year before. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 46%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mixes and doughs exports totaled $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X tons, which was near 88% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), committing an 8.3% share of total exports. Oman (X tons) held a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the mixes and doughs exports, with a CAGR of +7.4% from 2012 to 2022. Saudi Arabia (-1.1%) and Oman (-4.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (-5.1 p.p.) and Saudi Arabia (-7.8 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest mixes and doughs supplier in GCC, comprising 88% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.6% share of total exports.

In the United Arab Emirates, mixes and doughs exports expanded at an average annual rate of +8.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+1.2% per year) and Oman (-5.2% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by -3.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 8.7%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Mixes And Doughs Imports

Imports in GCC

In 2022, after five years of growth, there was decline in overseas purchases of mixes and doughs, when their volume decreased by -4.9% to X tons. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +64.6% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, mixes and doughs imports shrank slightly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +43.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together achieving 76% of total imports. Kuwait (X tons) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Oman (6.4%) and Qatar (4.6%). Bahrain (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, with a combined 85% share of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together comprising a further 15%.

Oman, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 4.3% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bahrain ($X per ton) and Qatar ($X per ton), while the United Arab Emirates ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform