Saudi Arabia: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Saudi Arabia

The Saudi sweet biscuit market surged to $X in 2021, picking up by 20% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Sweet Biscuit Production in Saudi Arabia

In value terms, sweet biscuit production soared to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 32%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Saudi Arabia

In 2021, overseas shipments of sweet biscuits decreased by -13.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 5.1% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports shrank to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 11%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for sweet biscuit exports from Saudi Arabia, with a 33% share of total exports. Moreover, sweet biscuit exports to Yemen exceeded the volume sent to the second major destination, Iraq (X tons), twofold. Somalia (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-3.9% per year) and Somalia (+25.2% per year).

In value terms, Yemen ($X) remains the key foreign market for sweet biscuits exports from Saudi Arabia, comprising 30% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.9% share of total exports. It was followed by Iraq, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.5% per year) and Iraq (+8.0% per year).

Export Prices by Country

The average sweet biscuit export price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.1%. The growth pace was the most rapid in 2014 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while the average price for exports to Mauritania ($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 Iraq (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Saudi Arabia

In 2021, overseas purchases of sweet biscuits decreased by -16.9% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit imports declined to $X in 2021. The total import value increased at an average annual rate of +1.9% 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 2018 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Bahrain (X tons), Egypt (X tons) and the UK (X tons) were the main suppliers of sweet biscuit imports to Saudi Arabia, with a combined 46% share of total imports. These countries were followed by Bangladesh, the United Arab Emirates, Syrian Arab Republic, Malaysia, Belgium, Italy, Germany, Oman, the United States and the Netherlands, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Saudi Arabia were Bahrain ($X), the UK ($X) and Egypt ($X), with a combined 52% share of total imports. These countries were followed by the United Arab Emirates, Germany, the Netherlands, Italy, Belgium, Bangladesh, Malaysia, the United States, Oman and Syrian Arab Republic, which together accounted for a further 29%.

Bangladesh, with a CAGR of +42.7%, recorded the highest growth rate of the value of imports, in terms of 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 sweet biscuit import price stood at $X per ton in 2021, increasing by 10% against the previous year. Overall, the import price, however, recorded a slight slump. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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