GCC: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in GCC

In 2021, the GCC uncooked pasta market decreased by -6.2% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Uncooked Pasta Production in GCC

In value terms, uncooked pasta production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Uncooked Pasta Exports

Exports in GCC

In 2021, overseas shipments of uncooked pasta increased by 24% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 32%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, uncooked pasta exports soared to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Saudi Arabia represented the major exporting country with an export of about X tons, which reached 50% of total exports. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons) and Kuwait (X tons), together creating a 50% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest uncooked pasta supplier in GCC, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Oman, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +6.3%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-0.8% per year) and Oman (-10.6% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, shrinking by -7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. The level of export peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.3%), while the other leaders experienced a decline in the export price figures.

Uncooked Pasta Imports

Imports in GCC

After two years of growth, purchases abroad of uncooked pasta decreased by -9.9% to X tons in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.3% against 2014 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, uncooked pasta imports totaled $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.3% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 28%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main importers of uncooked pasta in GCC, together accounting for near 56% of total imports. It was distantly followed by Kuwait (X tons), Oman (X tons) and Qatar (X tons), together achieving a 41% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

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 +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) were the countries with the highest levels of imports in 2021, together comprising 76% of total imports.

In terms of the main importing countries, Oman, with a CAGR of +12.4%, 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 2021, rising by 11% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform