Saudi Arabia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Saudi Arabia

In 2022, the Saudi market for candies, sweets, and nonchocolate confectionery was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed a buoyant increase. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Saudi Arabia

In value terms, candy, sweets, and nonchocolate confectionery production stood at $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of 67%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Saudi Arabia

In 2022, exports of candies, sweets, and nonchocolate confectionery from Saudi Arabia rose slightly to X tons, surging by 4.5% against 2021 figures. In general, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports rose modestly to $X in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Saudi Arabia, accounting for a 52% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Iraq (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.9% per year) and Iraq (-3.7% per year).

In value terms, Yemen ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Saudi Arabia, comprising 38% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Iraq, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.5% per year) and Iraq (+9.9% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, waning by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major external 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 Iraq (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Saudi Arabia

In 2022, supplies from abroad of candies, sweets, and nonchocolate confectionery was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 29%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded markedly to $X in 2022. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Bahrain (X tons) and Poland (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Saudi Arabia, together accounting for 34% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to Saudi Arabia were Turkey ($X), Poland ($X) and Jordan ($X), together comprising 30% of total imports. Egypt, China, Germany, Italy, Bahrain, the Czech Republic, the United States, the United Arab Emirates, Thailand and Syrian Arab Republic lagged somewhat behind, together comprising a further 40%.

The Czech Republic, with a CAGR of +38.2%, 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 import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bahrain ($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 Czech Republic (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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