Iran: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Iran

After three years of decline, the Iranian sweet biscuit market increased by 1.5% to $X in 2021. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sweet biscuit consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Sweet Biscuit Production in Iran

In value terms, sweet biscuit production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Iran

In 2021, overseas shipments of sweet biscuits were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 94% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for sweet biscuit exports from Iran, accounting for a 54% share of total exports. Moreover, sweet biscuit exports to Azerbaijan exceeded the volume sent to the second major destination, Tajikistan (X tons), fivefold. The third position in this ranking was taken by Turkey (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+0.7% per year) and Turkey (+502.7% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for sweet biscuits exports from Iran, comprising 41% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 14% share of total exports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+1.9% per year) and Turkey (+463.9% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 41%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Oman ($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 Afghanistan (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Iran

In 2021, approx. X tons of sweet biscuits were imported into Iran; surging by 75% on 2020. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 651% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit imports soared to $X in 2021. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 986% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest sweet biscuit supplier to Iran, accounting for a 77% share of total imports. Moreover, sweet biscuit imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.9% per year) and Indonesia (+12.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of sweet biscuits to Iran, comprising 73% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.2% share of total imports. It was followed by Indonesia, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +52.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.1% per year) and Indonesia (+12.7% per year).

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, increasing by 6.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 45% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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