United Arab Emirates: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in the United Arab Emirates

The chocolate bar with filling market in the United Arab Emirates skyrocketed to $X in 2021, rising by 61% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.9% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Chocolate Bars With Fillings in the United Arab Emirates

In value terms, chocolate bar with filling production fell to $X in 2021 estimated in export price. Overall, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 117%. Chocolate bar with filling production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Chocolate Bars With Fillings

Exports from the United Arab Emirates

In 2021, approx. X tons of chocolate bars with fillings were exported from the United Arab Emirates; jumping by 15% compared with the previous year. In general, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 28%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chocolate bar with filling exports expanded significantly to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 47% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for chocolate bar with filling exports from the United Arab Emirates, with a 55% share of total exports. Moreover, chocolate bar with filling exports to Oman exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. South Africa (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-18.3% per year) and South Africa (-1.9% per year).

In value terms, Oman ($X) remains the key foreign market for chocolate bars with fillings exports from the United Arab Emirates, comprising 65% of total exports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total exports. It was followed by South Africa, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-19.7% per year) and South Africa (-2.1% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 18%. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Comoros ($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 Seychelles (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into the United Arab Emirates

In 2021, approx. X tons of chocolate bars with fillings were imported into the United Arab Emirates; with an increase of 57% on the previous year's figure. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports surged to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of chocolate bar with filling imports to the United Arab Emirates, together comprising 42% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +278.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to the United Arab Emirates were the Netherlands ($X), Russia ($X) and Singapore ($X), with a combined 31% share of total imports.

Russia, with a CAGR of +214.7%, recorded the highest rates of growth with regard to 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

In 2021, the average chocolate bar with filling import price amounted to $X per ton, surging by 21% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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