Saudi Arabia: Crispbread Market 2024

Crispbread Market Size in Saudi Arabia

In 2021, the Saudi crispbread market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a remarkable increase. Crispbread consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Crispbread Production in Saudi Arabia

In value terms, crispbread production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 157% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports from Saudi Arabia

In 2021, the amount of crispbread exported from Saudi Arabia surged to X tons, picking up by 41% compared with the previous year. Overall, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2019 with an increase of 530%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports dropped remarkably to $X in 2021. In general, exports, however, faced a sharp contraction. The pace of growth appeared the most rapid in 2019 with an increase of 563% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X tons), Iraq (X tons) and the UK (X tons) were the main destinations of crispbread exports from Saudi Arabia, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +69.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Egypt ($X) remains the key foreign market for crispbread exports from Saudi Arabia, comprising 56% of total exports. The second position in the ranking was taken by Iraq ($X), with a 15% share of total exports. It was followed by Yemen, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Egypt amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Yemen (-12.8% per year).

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, waning by -44.5% against the previous year. Over the period under review, the export price, however, saw a measured expansion. The pace of growth was the most pronounced in 2015 an increase of 55%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Saudi Arabia

In 2021, purchases abroad of crispbread decreased by -51% to X tons for the first time since 2014, thus ending a six-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 159%. Imports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, crispbread imports dropped rapidly to $X in 2021. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 171% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then dropped significantly in the following year.

Imports by Country

Egypt (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of crispbread imports to Saudi Arabia, with a combined 58% share of total imports. The UK, France, the United Arab Emirates and Sweden lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +552.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread suppliers to Saudi Arabia were France ($X), the UK ($X) and Egypt ($X), together accounting for 51% of total imports. These countries were followed by the United States, Thailand, the United Arab Emirates and Sweden, which together accounted for a further 33%.

Sweden, with a CAGR of +246.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, surging by 32% against the previous year. In general, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 68%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($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 UK (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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