Middle East: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in the Middle East

In 2021, the Middle Eastern chocolate bar with filling market decreased by -13.5% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chocolate Bars With Fillings in the Middle East

In value terms, chocolate bar with filling production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 64%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports in the Middle East

In 2021, overseas shipments of chocolate bars with fillings increased by 122% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed strong growth. As a result, the exports attained 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. Overall, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was approx. 93% of total exports in 2021. 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. The United Arab Emirates (-14.4%) illustrated a downward trend over the same period. Turkey (+44 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -36.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest chocolate bar with filling supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +20.4%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, declining by -5% against the previous year. In general, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 6.2%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.8%).

Imports of Chocolate Bars With Fillings

Imports in the Middle East

Chocolate bar with filling imports skyrocketed to X tons in 2021, with an increase of 51% compared with the year before. The total import volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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), Yemen (X tons), Saudi Arabia (X tons) and Jordan (X tons) represented the main importers of chocolate bars with fillings, together achieving 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +22.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Kuwait ($X), with a combined 49% share of total imports.

Iraq, with a CAGR of +16.2%, 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 2021, the import price in the Middle East amounted to $X per ton, declining by -8% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 7.5% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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