United Arab Emirates: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in the United Arab Emirates

The flaked or rolled cereal market in the United Arab Emirates soared to $X in 2022, jumping by 18% against the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Flaked or Rolled Cereals in the United Arab Emirates

In value terms, flaked or rolled cereal production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Flaked or Rolled Cereals

Exports from the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded decline in overseas shipments of flaked or rolled cereals, which decreased by -45.5% to X tons in 2022. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, flaked or rolled cereal exports dropped notably to $X in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 50%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), India (X tons) and Bahrain (X tons) were the main destinations of flaked or rolled cereal exports from the United Arab Emirates, with a combined 75% share of total exports. Jordan, South Africa, Mauritius and Egypt lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +152.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and Mauritius ($X) appeared to be the largest markets for flaked or rolled cereal exported from the United Arab Emirates worldwide, together accounting for 73% of total exports. Bahrain, Jordan, South Africa and Egypt lagged somewhat behind, together accounting for a further 18%.

South Africa, with a CAGR of +146.3%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average flaked or rolled cereal export price amounted to $X per ton, waning by -31.2% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flaked or rolled cereal export price increased by +14.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to India ($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 Saudi Arabia (+7.7%), while the prices for the other major destinations experienced a decline.

Imports of Flaked or Rolled Cereals

Imports into the United Arab Emirates

Flaked or rolled cereal imports into the United Arab Emirates reduced rapidly to X tons in 2022, waning by -53.1% against the previous year. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2019 when imports increased by 184%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, flaked or rolled cereal imports contracted significantly to $X in 2022. In general, imports saw a perceptible decline. The growth pace was the most rapid in 2019 with an increase of 87%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), India (X tons) and Lithuania (X tons) were the main suppliers of flaked or rolled cereal imports to the United Arab Emirates, together comprising 40% of total imports. Australia, Sri Lanka, Finland and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +375.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of flaked or rolled cereals to the United Arab Emirates, comprising 28% of total imports. The second position in the ranking was held by India ($X), with a 7.6% share of total imports. It was followed by Finland, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.9% per year) and Finland (+415.1% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, growing by 42% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 46%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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