United Arab Emirates: Soups Market 2024

Soups Market Size in the United Arab Emirates

In 2021, the soups market in the United Arab Emirates decreased by -0.5% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 decreased by -1.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Soups Production in the United Arab Emirates

In value terms, soups production fell modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 102% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Soups Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of soups and broths were exported from the United Arab Emirates; approximately mirroring 2020 figures. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 180%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, soups exports shrank modestly to $X in 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 399% against the previous year. The exports peaked at $X in 2020, and then fell slightly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for soups exports from the United Arab Emirates, accounting for a 65% share of total exports. Moreover, soups exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), sixfold. The third position in this ranking was taken by Jordan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +115.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+28.1% per year) and Jordan (+42.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for soups and broths exports from the United Arab Emirates, comprising 64% of total exports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total exports. It was followed by Jordan, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +138.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+32.8% per year) and Jordan (+36.5% per year).

Export Prices by Country

The average soups export price stood at $X per ton in 2021, waning by -1.7% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soups export price increased by +121.4% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 78% against the previous year. The export price peaked at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to France ($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 Saudi Arabia (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Soups Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of soups and broths was finally on the rise to reach X tons after six years of decline. Overall, imports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of 16%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, soups imports soared to $X in 2021. In general, imports, however, recorded a pronounced decrease. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons), Turkey (X tons) and the UK (X tons) were the main suppliers of soups imports to the United Arab Emirates, together accounting for 58% of total imports. Spain, Jordan, Saudi Arabia, Thailand, Germany, Denmark, Australia, the United States and the Philippines lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of +32.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Turkey ($X) and the UK ($X) were the largest soups suppliers to the United Arab Emirates, together accounting for 58% of total imports. Spain, Saudi Arabia, Jordan, Germany, Australia, Denmark, Thailand, the United States and the Philippines lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Jordan, with a CAGR of +24.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soups import price stood at $X per ton in 2021, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 an increase of 37%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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