Saudi Arabia: Gingerbread Market 2024

Gingerbread Market Size in Saudi Arabia

The Saudi gingerbread market totaled $X in 2022, with an increase of 5% against the previous year. Overall, consumption showed strong growth. Gingerbread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Gingerbread Production in Saudi Arabia

In value terms, gingerbread production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 142% against the previous year. Gingerbread production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Gingerbread Exports

Exports from Saudi Arabia

In 2022, exports of gingerbread from Saudi Arabia was estimated at X tons, approximately mirroring 2021 figures. In general, exports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2017 when exports increased by 21%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gingerbread exports stood at $X in 2022. Overall, exports, however, continue to indicate a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of 83% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iceland (X kg) was the main destination for gingerbread exports from Saudi Arabia, accounting for a 24% share of total exports. Moreover, gingerbread exports to Iceland exceeded the volume sent to the second major destination, Turkey (X kg), fourfold.

From 2016 to 2022, the average annual rate of growth in terms of volume to Iceland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Spain (0.0% per year).

In value terms, the largest markets for gingerbread exported from Saudi Arabia were Spain ($X), Iceland ($X) and Turkey ($X), together comprising 66% of total exports.

Iceland, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, rising by 4.5% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 51%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.9%).

Gingerbread Imports

Imports into Saudi Arabia

In 2022, supplies from abroad of gingerbread decreased by -19.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 168% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined sharply in the following year.

In value terms, gingerbread imports shrank notably to $X in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 146%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest gingerbread supplier to Saudi Arabia, with a 30% share of total imports. Moreover, gingerbread imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with an 11% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at +155.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+154.1% per year) and Brazil (0.0% per year).

In value terms, the largest gingerbread suppliers to Saudi Arabia were the Czech Republic ($X), Brazil ($X) and the UK ($X), together comprising 57% of total imports. Italy, Bulgaria, the United Arab Emirates and France lagged somewhat behind, together accounting for a further 6.2%.

Bulgaria, with a CAGR of +5,642.3%, 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 gingerbread import price stood at $X per ton in 2022, dropping by -13% against the previous year. In general, the import price saw a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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