MENA: Gingerbread Market 2024

Gingerbread Market Size in MENA

The MENA's gingerbread market fell modestly to $X in 2022, dropping by -2.4% against the previous year. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Gingerbread Production in MENA

In value terms, gingerbread production dropped to $X in 2022 estimated in export price. Overall, production enjoyed tangible growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 301%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Gingerbread Exports

Exports in MENA

In 2022, the amount of gingerbread exported in MENA shrank markedly to X tons, declining by -60.6% on the previous year's figure. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gingerbread exports fell rapidly to $X in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 78%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons), distantly followed by Kuwait (X tons), Iran (X tons), Israel (X tons), Egypt (X tons) and the United Arab Emirates (X tons) represented the major exporters of gingerbread, together comprising 91% of total exports. The following exporters - Jordan (X tons) and Syrian Arab Republic (X tons) - together made up 4.3% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest gingerbread supplier in MENA, comprising 45% of total exports. The second position in the ranking was held by Israel ($X), with a 14% share of total exports. It was followed by Kuwait, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +11.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+6.3% per year) and Kuwait (+14.5% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by 32% against the previous year. Over the period under review, the export price recorded slight growth. The pace of growth appeared the most rapid in 2017 when the export price increased by 34% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the other leaders experienced mixed trends in the export price figures.

Gingerbread Imports

Imports in MENA

In 2022, approx. X tons of gingerbread were imported in MENA; waning by -19.3% against the previous year. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, gingerbread imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Saudi Arabia (X tons) and Kuwait (X tons) represented the key importers of gingerbread in 2022, amounting to approx. 24% and 17% of total imports, respectively. Israel (X tons) took the next position in the ranking, followed by Iraq (X tons), Bahrain (X tons), Algeria (X tons), the United Arab Emirates (X tons) and Libya (X tons). All these countries together took approx. 41% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Saudi Arabia (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Kuwait ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 48% of total imports.

Saudi Arabia, with a CAGR of +24.4%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in MENA amounted to $X per ton, shrinking by -6.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform