GCC: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in GCC

In 2022, the GCC pasta and couscous market decreased by -1.1% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.4% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in GCC

In value terms, pasta and couscous production expanded to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Pasta And Couscous Exports

Exports in GCC

After four years of decline, overseas shipments of stuffed pasta and couscous increased by 9.9% to X tons in 2022. In general, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pasta and couscous exports expanded modestly to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Saudi Arabia (X tons) and the United Arab Emirates (X tons), together accounting for 98% of total export.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +3.6%).

In value terms, Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022.

Saudi Arabia, with a CAGR of +3.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, declining by -5.1% against the previous year. Overall, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2016 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.3%).

Pasta And Couscous Imports

Imports in GCC

In 2022, the amount of stuffed pasta and couscous imported in GCC fell to X tons, which is down by -8.3% compared with 2021 figures. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, pasta and couscous imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The United Arab Emirates was the largest importer of stuffed pasta and couscous in GCC, with the volume of imports recording X tons, which was near 57% of total imports in 2022. Saudi Arabia (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (11%) and Oman (10%). Qatar (X tons) and Bahrain (X tons) took a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Kuwait (+12.7%), Qatar (+11.4%) and Oman (+9.4%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +12.7% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-7.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+7.8 p.p.), Kuwait (+7.1 p.p.), Oman (+5.5 p.p.) and Qatar (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (-22.3 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 ($X) constitutes the largest market for imported stuffed pasta and couscous in GCC, comprising 54% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total imports. It was followed by Kuwait, with a 12% share.

In the United Arab Emirates, pasta and couscous imports increased at an average annual rate of +5.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-7.2% per year) and Kuwait (+13.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, flattening at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform