GCC: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in GCC

In 2021, after two years of growth, there was significant decline in the GCC market for uncooked pasta (not containing eggs), when its value decreased by -25.6% to $X. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted rapidly in the following year.

Production of Uncooked Pasta (Not Containing Eggs) in GCC

In value terms, uncooked pasta (not containing eggs) production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 50%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports in GCC

In 2021, overseas shipments of uncooked pasta (not containing eggs) increased by 29% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta (not containing eggs) exports stood at $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 +62.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

In 2021, Saudi Arabia (X tons) was the key exporter of uncooked pasta (not containing eggs), comprising 50% of total exports. The United Arab Emirates (X tons) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Oman (21%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +4.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X) remains the largest uncooked pasta (not containing eggs) supplier in GCC, comprising 74% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia amounted to +7.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.6% per year) and Oman (-11.0% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, shrinking by -11.3% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, uncooked pasta (not containing eggs) export price increased by +48.8% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+3.1%), while the other leaders experienced a decline in the export price figures.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports in GCC

After two years of growth, overseas purchases of uncooked pasta (not containing eggs) decreased by -19.5% to X tons in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 +71.2% against 2013 indices. The pace of growth was the most pronounced in 2020 with an increase of 39%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, uncooked pasta (not containing eggs) imports fell to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +34.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Kuwait (X tons) represented roughly 81% of total imports in 2021. It was distantly followed by Oman (X tons), making up a 13% share of total imports. Qatar (X tons) and Bahrain (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported uncooked pasta (not containing eggs) in GCC, comprising 46% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 22% share of total imports. It was followed by Kuwait, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+4.4% per year) and Kuwait (+10.9% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, surging by 14% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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 the United Arab Emirates ($X per ton), while Kuwait ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform