Middle East: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in the Middle East

In 2022, the Middle Eastern market for gingerbread, sweet biscuits and waffles increased by 3.4% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 -39.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in the Middle East

In value terms, gingerbread, sweet biscuit and waffle production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in the Middle East

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles decreased by -1.1% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 9.5%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports reached $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +52.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey was the key exporter of gingerbread, sweet biscuits and waffles in the Middle East, with the volume of exports recording X tons, which was approx. 68% of total exports in 2022. The United Arab Emirates (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons) and Bahrain (X tons). All these countries together took near 24% share of total exports. The following exporters - Oman (X tons) and Iran (X tons) - together made up 5.1% of total exports.

Exports from Turkey increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Bahrain (+66.9%) and Oman (+2.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +66.9% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-3.4%) and Iran (-4.5%) illustrated a downward trend over the same period. Turkey (+14 p.p.) and Bahrain (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while Iran, the United Arab Emirates and Saudi Arabia saw its share reduced by -2%, -3.2% and -6.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Bahrain, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +6.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+6.7% per year) and Bahrain (+70.4% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in the Middle East

In 2022, gingerbread, sweet biscuit and waffle imports in the Middle East dropped modestly to X tons, with a decrease of -4.7% compared with 2021. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 18%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports shrank to $X in 2022. The total import value increased at an average annual rate of +4.3% 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 2013 with an increase of 19%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Iraq (X tons) and Yemen (X tons) represented roughly 44% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Israel (X tons) and Oman (X tons), together generating a 34% share of total imports. Jordan (X tons), Palestine (X tons), Kuwait (X tons), Turkey (X tons), Qatar (X tons), Syrian Arab Republic (X tons) and Lebanon (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 47% of total imports. Israel, Yemen, Kuwait, Jordan, Oman, Qatar, Palestine, Turkey, Lebanon and Syrian Arab Republic lagged somewhat behind, together comprising a further 50%.

In terms of the main importing countries, Palestine, with a CAGR of +14.6%, recorded the highest growth rate of the value of imports, 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, dropping by -5.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 6.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat 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 Kuwait (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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