Middle East: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in the Middle East

In 2021, after five years of growth, there was significant decline in the Middle Eastern breakfast cereal market, when its value decreased by -X% to $X. In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Breakfast Cereal Production in the Middle East

In value terms, breakfast cereal production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020, and then fell modestly in the following year.

Breakfast Cereal Exports

Exports in the Middle East

In 2021, exports of breakfast cereals in the Middle East skyrocketed to X tons, increasing by X% against 2020 figures. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal exports skyrocketed to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2021. The following exporters - the United Arab Emirates (X tons) and Syrian Arab Republic (X tons) - each amounted to a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to breakfast cereal exports from Turkey stood at +X%. At the same time, Syrian Arab Republic (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Turkey increased by +X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest breakfast cereal supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Syrian Arab Republic (+X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Breakfast Cereal Imports

Imports in the Middle East

In 2021, after three years of growth, there was significant decline in purchases abroad of breakfast cereals, when their volume decreased by -X% to X tons. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2020, and then declined in the following year.

In value terms, breakfast cereal imports declined to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Iraq (X tons), distantly followed by Syrian Arab Republic (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Israel (X tons) and Lebanon (X tons) represented the main importers of breakfast cereals, together mixing up X% of total imports. Jordan (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Syrian Arab Republic (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total imports. Iraq, Syrian Arab Republic, Jordan and Lebanon lagged somewhat behind, together accounting for a further X Arab Republic, with a CAGR of +X%, saw 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

In 2021, the import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :