Saudi Arabia: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Saudi Arabia

In 2022, after four years of growth, there was decline in the Saudi prepared baking powder market, when its value decreased by -1.4% to $X. In general, consumption, however, showed a strong increase. Prepared baking powder consumption peaked at $X in 2021, and then dropped slightly in the following year.

Prepared Baking Powder Exports

Exports from Saudi Arabia

Prepared baking powder exports from Saudi Arabia declined rapidly to X tons in 2022, with a decrease of -27.1% against 2021. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 134%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports contracted rapidly to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 241% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X tons), the United Arab Emirates (X tons) and Sudan (X tons) were the main destinations of prepared baking powder exports from Saudi Arabia, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +56.4%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) remains the key foreign market for prepared baking powders exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 25% share of total exports. It was followed by Oman, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-7.8% per year) and Oman (-0.7% per year).

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, with a decrease of -7.5% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +20.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 69% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.1%), while the prices for the other major destinations experienced a decline.

Prepared Baking Powder Imports

Imports into Saudi Arabia

In 2022, after four years of growth, there was decline in overseas purchases of prepared baking powders, when their volume decreased by -3.9% to X tons. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 82% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, prepared baking powder imports shrank to $X in 2022. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 65% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Egypt (X tons), Turkey (X tons) and France (X tons) were the main suppliers of prepared baking powder imports to Saudi Arabia, together accounting for 50% of total imports. Mexico, the United States, China, Jordan and Malta lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Egypt ($X) constituted the largest prepared baking powder suppliers to Saudi Arabia, with a combined 54% share of total imports.

Egypt, with a CAGR of +44.9%, saw the highest rates of growth with regard to 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

In 2022, the average prepared baking powder import price amounted to $X per ton, standing approx. at the previous year. In general, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.9%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :