MENA: Crispbread Market 2024

Crispbread Market Size in MENA

The MENA's crispbread market rose rapidly to $X in 2021, picking up by 6.8% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Crispbread Production in MENA

In value terms, crispbread production rose rapidly to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.8% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Crispbread Exports

Exports in MENA

In 2021, shipments abroad of crispbread increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of 235% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports skyrocketed to $X in 2021. In general, exports saw perceptible growth. The pace of growth appeared the most rapid in 2015 with an increase of 192%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Egypt (X tons) was the major exporter of crispbread, creating 55% of total exports. Israel (X tons) ranks second in terms of the total exports with a 13% share, followed by the United Arab Emirates (11%) and Turkey (5.4%). Yemen (X tons), Saudi Arabia (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crispbread exports from Egypt stood at +3.6%. At the same time, Israel (+46.7%), Yemen (+32.5%), Lebanon (+4.4%) and the United Arab Emirates (+1.8%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +46.7% from 2012-2021. By contrast, Turkey (-3.3%) and Saudi Arabia (-26.9%) illustrated a downward trend over the same period. While the share of Egypt (+23 p.p.), Israel (+13 p.p.), Yemen (+4.2 p.p.) and the United Arab Emirates (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-38.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest crispbread supplier in MENA, comprising 55% of total exports. The second position in the ranking was held by Israel ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in Egypt amounted to +4.7%. In the other countries, the average annual rates were as follows: Israel (+60.9% per year) and the United Arab Emirates (+9.5% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, with an increase of 38% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 43% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+9.7%), while the other leaders experienced more modest paces of growth.

Crispbread Imports

Imports in MENA

In 2021, approx. X tons of crispbread were imported in MENA; increasing by 27% compared with the previous year's figure. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 77%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, crispbread imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.3% against 2014 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 36% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented the main importers of crispbread in 2021, recording approx. 27% and 20% of total imports, respectively. Kuwait (X tons) ranks next in terms of the total imports with an 11% share, followed by Israel (8.5%), Saudi Arabia (8.2%), Oman (7.1%) and Bahrain (6.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +55.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 55% share of total imports. Saudi Arabia, Israel, Bahrain and Oman lagged somewhat behind, together comprising a further 33%.

Saudi Arabia, with a CAGR of +50.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, falling by -8.4% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: 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 Bahrain (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform