Saudi Arabia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Saudi Arabia

The Saudi market for gingerbread, sweet biscuits and waffles expanded remarkably to $X in 2023, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Saudi Arabia

In value terms, gingerbread, sweet biscuit and waffle production stood at $X in 2023 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Saudi Arabia

In 2023, shipments abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports stood at $X in 2023. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Saudi Arabia, with a X% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Yemen exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The third position in this ranking was taken by the Philippines (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the Philippines (X% per year).

In value terms, Yemen ($X), Egypt ($X) and the United Arab Emirates ($X) constituted the largest markets for gingerbread, sweet biscuit and waffle exported from Saudi Arabia worldwide, with a combined X% share of total exports. Iraq, the Philippines, Jordan, Lebanon, Somalia, Oman, Libya, Djibouti, Sudan and Mauritania lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, standing approx. at the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Saudi Arabia

In 2023, overseas purchases of gingerbread, sweet biscuits and waffles decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports amounted to $X in 2023. In general, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and Bahrain (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Saudi Arabia, together comprising X% of total imports. The UK, Egypt, Bangladesh, Poland, Belgium, the United States, Germany, Croatia, Austria and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to Saudi Arabia were Italy ($X), the United Arab Emirates ($X) and the UK ($X), together accounting for X% of total imports. Bahrain, Poland, Egypt, Austria, Germany, Belgium, the Netherlands, the United States, Croatia and Bangladesh lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Bangladesh, with a CAGR of X%, 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 2023, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform