Middle East: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in the Middle East

In 2021, the Middle Eastern sweet biscuit market decreased by -1.4% to $X, falling for the sixth consecutive year after four years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Sweet Biscuit Production in the Middle East

In value terms, sweet biscuit production totaled $X in 2021 estimated in export price. In general, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 8.2% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Sweet Biscuit Exports

Exports in the Middle East

Sweet biscuit exports soared to X tons in 2021, growing by 30% against the previous year. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports soared to $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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, reaching X tons, which was approx. 78% of total exports in 2021. Saudi Arabia (X tons) held a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (5.3%). Oman (X tons) and Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the sweet biscuits exports, with a CAGR of +9.3% from 2012 to 2021. At the same time, Oman (+1.7%) displayed positive paces of growth. By contrast, Iran (-3.5%), Saudi Arabia (-5.5%) and the United Arab Emirates (-5.6%) illustrated a downward trend over the same period. While the share of Turkey (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-2.4 p.p.), the United Arab Emirates (-7.4 p.p.) and Saudi Arabia (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sweet biscuit supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.6% share of total exports. It was followed by the United Arab Emirates, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +8.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-0.7% per year) and the United Arab Emirates (+0.6% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by 2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2015 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2017; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.6%), while the other leaders experienced more modest paces of growth.

Sweet Biscuit Imports

Imports in the Middle East

In 2021, sweet biscuit imports in the Middle East shrank to X tons, waning by -5.5% on 2020 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 19%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sweet biscuit imports rose to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 17%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Iraq (X tons), Saudi Arabia (X tons), Yemen (X tons) and the United Arab Emirates (X tons) represented roughly 62% of total imports in 2021. It was distantly followed by Oman (X tons), Syrian Arab Republic (X tons) and Israel (X tons), together constituting a 16% share of total imports. Jordan (X tons), Turkey (X tons), Palestine (X tons), Kuwait (X tons), Qatar (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X), with a combined 51% share of total imports. These countries were followed by Yemen, Israel, Kuwait, Oman, Jordan, Turkey, Qatar, Palestine, Syrian Arab Republic and Lebanon, which together accounted for a further 46%.

Turkey, with a CAGR of +20.8%, 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, rising by 8.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: 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 Palestine (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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