United Arab Emirates: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in the United Arab Emirates

The chocolate and confectionery market in the United Arab Emirates declined notably to $X in 2022, with a decrease of -44.4% against the previous year. Over the period under review, consumption saw a pronounced reduction. Chocolate and confectionery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in the United Arab Emirates

In value terms, chocolate and confectionery production shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 32%. Chocolate and confectionery production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Chocolate And Confectionery Exports

Exports from the United Arab Emirates

After five years of decline, overseas shipments of chocolate and confectionery increased by 151% to X tons in 2022. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery exports surged to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and India (X tons) were the main destinations of chocolate and confectionery exports from the United Arab Emirates, with a combined 50% share of total exports. Jordan, Iraq, Yemen, Kuwait, Somalia, Palestine, Iran, Bahrain and Egypt lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +71.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for chocolate and confectionery exports from the United Arab Emirates, comprising 36% of total exports. The second position in the ranking was taken by Oman ($X), with a 15% share of total exports. It was followed by Jordan, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+13.9% per year) and Jordan (+15.2% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, growing by 7.4% against the previous year. Overall, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Iran (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the United Arab Emirates

In 2022, chocolate and confectionery imports into the United Arab Emirates amounted to X tons, remaining constant against the year before. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 -11.1% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 51% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, chocolate and confectionery imports dropped to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 59% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of chocolate and confectionery imports to the United Arab Emirates, together accounting for 36% of total imports. Germany, Malaysia, the UK, Poland, Switzerland, France, Indonesia, Belgium, Egypt and China lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to the United Arab Emirates were Italy ($X), Switzerland ($X) and the Netherlands ($X), with a combined 28% share of total imports. Turkey, Germany, the UK, Egypt, Poland, France, Malaysia, Belgium, China and Indonesia lagged somewhat behind, together comprising a further 49%.

China, with a CAGR of +22.3%, 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

The average chocolate and confectionery import price stood at $X per ton in 2022, reducing by -7.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 6.5% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Switzerland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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