MENA: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in MENA

After two years of growth, the MENA's chocolate bar with filling market decreased by -10.7% to $X in 2021. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Chocolate Bars With Fillings in MENA

In value terms, chocolate bar with filling production surged to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when the production volume increased by 49%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports in MENA

In 2021, approx. X tons of chocolate bars with fillings were exported in MENA; jumping by 108% compared with the previous year. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was near 86% of total exports in 2021. It was distantly followed by Egypt (X tons), achieving a 6.5% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the chocolate bars with fillings exports, with a CAGR of +20.6% from 2012 to 2021. Egypt (-1.2%) and the United Arab Emirates (-14.4%) illustrated a downward trend over the same period. While the share of Turkey (+46 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Egypt (-11.5 p.p.) and the United Arab Emirates (-28.7 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest chocolate bar with filling supplier in MENA, comprising 75% of total exports. The second position in the ranking was held by Egypt ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +20.4%. In the other countries, the average annual rates were as follows: Egypt (-0.4% per year) and the United Arab Emirates (-12.9% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, which is down by -9.2% against the previous year. In general, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 5.5%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chocolate Bars With Fillings

Imports in MENA

In 2021, the amount of chocolate bars with fillings imported in MENA soared to X tons, rising by 55% on the previous year. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Iraq (X tons), distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Kuwait (X tons), Libya (X tons), Yemen (X tons) and Saudi Arabia (X tons) represented the major importers of chocolate bars with fillings, together making up 71% of total imports. The following importers - Jordan (X tons), Israel (X tons), Oman (X tons), Algeria (X tons), Syrian Arab Republic (X tons) and Lebanon (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Syrian Arab Republic (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 42% share of total imports. These countries were followed by Turkey, Saudi Arabia, Libya, Israel, Oman, Jordan, Algeria, Yemen, Lebanon and Syrian Arab Republic, which together accounted for a further 46%.

Among the main importing countries, Syrian Arab Republic, with a CAGR of +23.7%, saw the highest growth rate of 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 MENA stood at $X per ton in 2021, dropping by -6.7% against the previous year. Overall, the import price showed a mild descent. The pace of growth appeared the most rapid in 2019 when the import price increased by 6.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Kuwait ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform