Middle East: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in the Middle East

The Middle Eastern market for crispbread, rusks and toasted bread shrank slightly to $X in 2022, reducing by -5% against the previous year. In general, consumption posted a prominent increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Crispbread, Rusks and Toasted Bread in the Middle East

In value terms, crispbread, rusk and toasted bread production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of 211%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports in the Middle East

In 2022, shipments abroad of crispbread, rusks and toasted bread decreased by -43.3% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 215%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread exports declined notably to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 145%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the main exporter of crispbread, rusks and toasted bread, creating 62% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 19% share, followed by the United Arab Emirates (7.7%). The following exporters - Israel (X tons) and Kuwait (X tons) - each amounted to a 6.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to crispbread, rusk and toasted bread exports from Saudi Arabia stood at +8.9%. At the same time, Turkey (+15.7%), Kuwait (+15.1%), the United Arab Emirates (+13.8%) and Israel (+8.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +15.7% from 2012-2022. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by +7.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest crispbread, rusk and toasted bread supplier in the Middle East, comprising 64% of total exports. The second position in the ranking was held by Turkey ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 6.8% share.

In Saudi Arabia, crispbread, rusk and toasted bread exports expanded at an average annual rate of +7.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+13.3% per year) and the United Arab Emirates (+17.6% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by 15% against the previous year. Overall, the export price, however, saw a slight decrease. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Crispbread, Rusks and Toasted Bread

Imports in the Middle East

In 2022, purchases abroad of crispbread, rusks and toasted bread decreased by -16.9% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 76%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 54%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which recorded 56% of total imports. It was distantly followed by Kuwait (X tons), Oman (X tons), Iraq (X tons) and Israel (X tons), together mixing up a 35% share of total imports. Jordan (X tons) and Qatar (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the crispbread, rusks and toasted bread imports, with a CAGR of +26.2% from 2012 to 2022. At the same time, Iraq (+20.4%), Oman (+19.8%), Kuwait (+9.4%), Qatar (+8.6%) and Israel (+7.1%) displayed positive paces of growth. By contrast, Jordan (-2.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+41 p.p.), Oman (+4 p.p.) and Iraq (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (-1.5 p.p.), Kuwait (-1.6 p.p.) and Jordan (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Oman ($X) were the countries with the highest levels of imports in 2022, together accounting for 78% of total imports. Israel, Iraq, Jordan and Qatar lagged somewhat behind, together comprising a further 16%.

Iraq, with a CAGR of +23.2%, saw the highest growth rate of 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 the Middle East amounted to $X per ton, picking up by 3.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 26%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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