Iran: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Iran

The Iranian breakfast cereal market rose slightly to $X in 2021, surging by 3.1% against the previous year. In general, consumption saw a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Breakfast Cereal Production in Iran

In value terms, breakfast cereal production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44% against the previous year. Breakfast cereal production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Iran

In 2021, the amount of breakfast cereals exported from Iran rose notably to X tons, increasing by 8.2% on 2020. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 96% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, breakfast cereal exports rose sharply to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 121% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons) was the main destination for breakfast cereal exports from Iran, accounting for a 36% share of total exports. Moreover, breakfast cereal exports to Germany exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Azerbaijan (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+21.3% per year) and Azerbaijan (+41.6% per year).

In value terms, Germany ($X) remains the key foreign market for breakfast cereal exports from Iran, comprising 36% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 12% share of total exports. It was followed by the UK, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+57.4% per year) and the UK (+36.3% per year).

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, surging by 3.9% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Iran

In 2021, imports of breakfast cereals into Iran skyrocketed to X tons, picking up by 65% on the year before. Over the period under review, imports, however, continue to indicate a pronounced descent. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, breakfast cereal imports soared to $X in 2021. In general, imports, however, showed a noticeable setback. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and the UK (X tons) were the main suppliers of breakfast cereal imports to Iran, with a combined 84% share of total imports. Austria, Armenia, Italy, Germany, India and Poland lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were in Armenia (with a CAGR of +109.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal suppliers to Iran were the United Arab Emirates ($X), Turkey ($X) and Armenia ($X), with a combined 75% share of total imports.

Among the main suppliers, Armenia, with a CAGR of +125.0%, 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

In 2021, the average breakfast cereal import price amounted to $X per ton, reducing by -2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 27%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :