United Arab Emirates: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in the United Arab Emirates

The market for sweet biscuits, waffles and wafers in the United Arab Emirates soared to $X in 2021, with an increase of 59% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sweet Biscuits, Waffles and Wafers in the United Arab Emirates

In value terms, sweet biscuit, waffle and wafer production totaled $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 66%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from the United Arab Emirates

In 2021, approx. X tons of sweet biscuits, waffles and wafers were exported from the United Arab Emirates; increasing by 5.5% compared with 2020. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 106%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports rose rapidly to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.5% against 2016 indices. The growth pace was the most rapid in 2014 when exports increased by 41%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Jordan (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from the United Arab Emirates, together comprising 53% of total exports. These countries were followed by Kuwait, Egypt, Yemen, Morocco, Canada, South Africa, Tanzania, Bahrain and Angola, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +25.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from the United Arab Emirates, comprising 34% of total exports. The second position in the ranking was held by Oman ($X), with a 12% share of total exports. It was followed by Kuwait, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+11.8% per year) and Kuwait (+23.0% per year).

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, increasing by 2.3% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sweet biscuit, waffle and wafer export price increased by +3.0% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 75% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

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 Bahrain ($X per ton), while the average price for exports to Tanzania ($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 Yemen (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into the United Arab Emirates

In 2021, approx. X tons of sweet biscuits, waffles and wafers were imported into the United Arab Emirates; jumping by 38% against 2020. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.2% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Oman (X tons), India (X tons) and Bahrain (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to the United Arab Emirates, with a combined 36% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +96.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer suppliers to the United Arab Emirates were Italy ($X), the UK ($X) and Bahrain ($X), together comprising 28% of total imports. Oman, India, Belgium, Turkey, Indonesia, Austria, Egypt, Saudi Arabia, Poland and Bangladesh lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Austria, with a CAGR of +88.4%, saw the highest rates of growth with regard to 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

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, rising by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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