Middle East: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in the Middle East

The Middle Eastern chocolate and confectionery market fell to $X in 2022, which is down by -7.6% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.4% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chocolate And Confectionery Production in the Middle East

In value terms, chocolate and confectionery production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 66%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports in the Middle East

In 2022, the amount of chocolate and confectionery exported in the Middle East skyrocketed to X tons, picking up by 25% on 2021 figures. The total export volume increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern 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.

In value terms, chocolate and confectionery exports soared to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of chocolate and confectionery, constituting 68% of total exports. It was distantly followed by the United Arab Emirates (X tons), constituting a 24% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Saudi Arabia (+10.8%) and the United Arab Emirates (+6.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +10.8% from 2012-2022. The United Arab Emirates (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2022, with a combined 93% share of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +16.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Chocolate And Confectionery Imports

Imports in the Middle East

Chocolate and confectionery imports reached X tons in 2022, with an increase of 6.9% against 2021. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 16%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate and confectionery imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 17% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of chocolate and confectionery, namely the United Arab Emirates, Turkey, Saudi Arabia, Iraq, Israel, Kuwait, Iran, Oman, Lebanon, Yemen, Jordan and Syrian Arab Republic, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined 52% share of total imports. Israel, Iraq, Kuwait, Oman, Lebanon, Iran, Jordan, Yemen and Syrian Arab Republic lagged somewhat behind, together accounting for a further 42%.

Kuwait, with a CAGR of +7.7%, 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 2022, the import price in the Middle East amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 5.4%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Iraq (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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