GCC: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in GCC

In 2022, the GCC market for pasta stuffed with meat, fish and cheese was finally on the rise to reach $X after two years of decline. In general, consumption showed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in GCC

In value terms, meat, fish or cheese pasta production reached $X in 2022 estimated in export price. Overall, production continues to indicate strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 46%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports in GCC

In 2022, approx. X tons of pasta stuffed with meat, fish and cheese were exported in GCC; reducing by -6.1% against the previous year's figure. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta exports reached $X in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 11% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X tons, which finished at 74% of total exports. It was distantly followed by Saudi Arabia (X tons), committing a 21% share of total exports. The following exporters - Kuwait (X tons) and Oman (X tons) - each resulted at a 3.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat, fish or cheese pasta exports from the United Arab Emirates stood at -16.7%. Kuwait experienced a relatively flat trend pattern. Saudi Arabia (-14.4%) and Oman (-20.9%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+3.9 p.p.) and Kuwait (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-5.1 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 ($X) remains the largest meat, fish or cheese pasta supplier in GCC, comprising 83% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Oman, with a 1.9% share.

In the United Arab Emirates, meat, fish or cheese pasta exports contracted by an average annual rate of -18.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-9.8% per year) and Oman (-18.6% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by 11% against the previous year. In general, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 22%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports in GCC

After two years of growth, purchases abroad of pasta stuffed with meat, fish and cheese decreased by -3.5% to X tons in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta imports dropped to $X in 2022. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 14%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the main importer of pasta stuffed with meat, fish and cheese, mixing up 59% of total imports. It was distantly followed by Kuwait (X tons), Oman (X tons), Bahrain (X tons) and Qatar (X tons), together mixing up a 41% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Oman (+39.6%), Bahrain (+13.1%), Kuwait (+11.3%) and Qatar (+10.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +39.6% from 2012-2022. The United Arab Emirates (+41 p.p.), Kuwait (+16 p.p.), Oman (+10 p.p.), Bahrain (+6.2 p.p.) and Qatar (+4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pasta stuffed with meat, fish and cheese in GCC, comprising 57% of total imports. The second position in the ranking was held by Kuwait ($X), with a 19% share of total imports. It was followed by Oman, with an 11% share.

In the United Arab Emirates, meat, fish or cheese pasta imports expanded at an average annual rate of +4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+11.6% per year) and Oman (+39.3% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 2% against the previous year. In general, the import price, however, saw a mild slump. The pace of growth was the most pronounced in 2014 an increase of 4.3% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform