Iran: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Iran

The Iranian market for crispbread, rusks and toasted bread was estimated at $X in 2022, approximately equating the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Crispbread, Rusks and Toasted Bread in Iran

In value terms, crispbread, rusk and toasted bread production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 46%. Crispbread, rusk and toasted bread production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Iran

After two years of growth, shipments abroad of crispbread, rusks and toasted bread decreased by -22.5% to X tons in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 582% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced notably in the following year.

In value terms, crispbread, rusk and toasted bread exports contracted markedly to $X in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2018 when exports increased by 618%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons), Qatar (X tons) and Iraq (X tons) were the main destinations of crispbread, rusk and toasted bread exports from Iran, together accounting for 86% of total exports. Bahrain lagged somewhat behind, comprising a further 2.3%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +107.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Azerbaijan ($X) and Iraq ($X) appeared to be the largest markets for crispbread, rusk and toasted bread exported from Iran worldwide, together accounting for 88% of total exports. Bahrain lagged somewhat behind, accounting for a further 2.6%.

Bahrain, with a CAGR of +104.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, which is down by -13.3% against the previous year. In general, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of 67% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Iran

In 2022, approx. X tons of crispbread, rusks and toasted bread were imported into Iran; picking up by 4.1% on the previous year. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 1,394% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, crispbread, rusk and toasted bread imports soared to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 975%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the main crispbread, rusk and toasted bread supplier to Iran, with a 92% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.2% per year) and Thailand (+21.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Iran, comprising 94% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +39.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.7% per year) and Thailand (+19.8% per year).

Import Prices by Country

The average import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, surging by 18% against the previous year. Overall, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 159%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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