GCC: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in GCC

In 2021, the GCC prepared dish and meal market increased by 31% to $X, rising for the third year in a row after three years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Prepared Dishes And Meals in GCC

In value terms, prepared dish and meal production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 54%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports in GCC

In 2021, shipments abroad of prepared dishes and meals increased by 8.1% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.8% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 103%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, prepared dish and meal exports declined to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 49% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the key exporter of prepared dishes and meals in GCC, with the volume of exports amounting to X tons, which was approx. 49% of total exports in 2021. Bahrain (X tons) held the second position in the ranking, distantly followed by Oman (X tons) and Saudi Arabia (X tons). All these countries together took near 50% share of total exports. Kuwait (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +17.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2021, together comprising 89% of total exports.

Among the main exporting countries, Oman, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, declining by -11.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports in GCC

In 2021, overseas purchases of prepared dishes and meals increased by 28% to X tons, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X tons, which reached 48% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a 30% share, followed by Kuwait (8.8%) and Oman (6.7%). The following importers - Bahrain (X tons) and Qatar (X tons) - each finished at a 6.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising 89% of total imports. These countries were followed by Oman, Qatar and Bahrain, which together accounted for a further 11%.

Oman, with a CAGR of +12.3%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in GCC stood at $X per ton in 2021, growing by 2.9% against the previous year. In general, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2020 when the import price increased by 3.4% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform