Middle East: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in the Middle East

In 2022, the Middle Eastern prepared baking powder market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in the Middle East

In value terms, prepared baking powder production rose to $X in 2022 estimated in export price. In general, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 46%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Prepared Baking Powder Exports

Exports in the Middle East

After two years of growth, shipments abroad of prepared baking powders decreased by -8.6% to X tons in 2022. In general, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2016 with an increase of 48%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared baking powder exports dropped modestly to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +15.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 63%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X tons) represented the main exporter of prepared baking powders, generating 53% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 21% share, followed by Saudi Arabia (21%).

From 2012 to 2022, average annual rates of growth with regard to prepared baking powder exports from Turkey stood at +6.0%. At the same time, Saudi Arabia (+11.6%) and the United Arab Emirates (+3.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +11.6% from 2012-2022. Turkey (+34 p.p.), Saudi Arabia (+16 p.p.) and the United Arab Emirates (+11 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, the largest prepared baking powder supplying countries in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 95% of total exports.

Saudi Arabia, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, surging by 6.3% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder export price increased by +25.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 27% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the United Arab Emirates (+9.9%), while the other leaders experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports in the Middle East

In 2022, purchases abroad of prepared baking powders decreased by -0.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 48%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, prepared baking powder imports dropped modestly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.5% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Saudi Arabia dominates imports structure, reaching X tons, which was approx. 60% of total imports in 2022. The United Arab Emirates (X tons) took a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (9%), Yemen (6.4%) and Oman (5.5%). The following importers - Kuwait (X tons) and Qatar (X tons) - together made up 5% of total imports.

Imports into Saudi Arabia increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Kuwait (+17.3%), the United Arab Emirates (+13.1%), Iraq (+5.0%) and Oman (+3.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +17.3% from 2012-2022. By contrast, Qatar (-4.9%) and Yemen (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, the United Arab Emirates and Kuwait increased by +22, +4.7 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported prepared baking powders in the Middle East, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Oman, with a 7.2% share.

In Saudi Arabia, prepared baking powder imports increased at an average annual rate of +8.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+16.6% per year) and Oman (+5.0% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 9.8%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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