Saudi Arabia - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChocolate Price in Saudi Arabia - 2021
Contents:
- Chocolate Price in Saudi Arabia (CIF) - 2022
- Chocolate Price in Saudi Arabia (FOB) - 2022
- Chocolate Imports in Saudi Arabia
- Chocolate Exports in Saudi Arabia
Chocolate Price in Saudi Arabia (CIF) - 2022
In 2022, the average chocolate import price amounted to $4,984 per ton, falling by -5.1% against the previous year. In general, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 11%. Over the period under review, average import prices attained the peak figure at $6,077 per ton in 2012; however, from 2013 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 Italy ($6,953 per ton), while the price for Turkey ($3,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in Saudi Arabia (FOB) - 2022
In 2022, the average chocolate export price amounted to $5,846 per ton, rising by 6.2% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chocolate export price decreased by -4.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs at $6,104 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($12,652 per ton), while the average price for exports to Yemen ($1,922 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 Qatar (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Imports in Saudi Arabia
In 2022, approx. 91K tons of chocolate and cocoa products were imported into Saudi Arabia; remaining stable against 2021 figures. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 2.1%.
In value terms, chocolate imports contracted to $455M in 2022. Overall, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
| Import of Chocolate in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 92.9 | 71.9 | 57.7 | 61.4 | -12.9% |
| Egypt | 72.6 | 59.8 | 61.9 | 53.6 | -9.6% |
| Russia | 54.2 | 56.8 | 59.0 | 49.6 | -2.9% |
| Italy | 34.0 | 28.4 | 52.9 | 44.5 | 9.4% |
| Turkey | 41.1 | 18.3 | N/A | 31.4 | -8.6% |
| Belgium | 22.9 | 19.9 | 35.9 | 30.2 | 9.7% |
| United Kingdom | 21.8 | 20.8 | 27.8 | 23.4 | 2.4% |
| Netherlands | 25.5 | 22.0 | 24.4 | 20.5 | -7.0% |
| Germany | 25.6 | 18.4 | 19.3 | 17.5 | -11.9% |
| Poland | 13.3 | 16.3 | 19.3 | 16.2 | 6.8% |
| United States | 22.6 | 11.4 | 14.6 | 13.4 | -16.0% |
| Malaysia | 14.7 | 13.7 | 14.4 | 12.1 | -6.3% |
| Jordan | 7.3 | 8.7 | 10.6 | 8.9 | 6.8% |
| Others | 77.1 | 59.9 | 86.4 | 72.5 | -2.0% |
| Total | 526 | 426 | 484 | 455 | -4.7% |
Top Suppliers of Chocolate to Saudi Arabia in 2022:
- Russia (13.0K tons)
- United Arab Emirates (12.0K tons)
- Turkey (10.3K tons)
- Egypt (9.7K tons)
- Italy (6.4K tons)
- Belgium (6.3K tons)
- Netherlands (5.4K tons)
- United Kingdom (4.9K tons)
- Poland (3.7K tons)
- Germany (3.3K tons)
- United States (2.9K tons)
- Malaysia (2.1K tons)
- Jordan (2.1K tons)
Chocolate Exports in Saudi Arabia
In 2022, approx. 11K tons of chocolate and cocoa products were exported from Saudi Arabia; declining by -6.3% against 2021 figures. Overall, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 12%.
In value terms, chocolate exports dropped to $62M in 2022. Over the period under review, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 1.1% against the previous year.
| Export of Chocolate in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 30.7 | 20.7 | 16.6 | 18.7 | -15.2% |
| Kuwait | 12.1 | 14.4 | 13.7 | 12.9 | 2.2% |
| Egypt | 0.5 | 8.0 | 12.3 | 11.5 | 184.4% |
| Oman | 8.6 | 11.4 | 7.6 | 7.9 | -2.8% |
| Bahrain | 5.1 | 4.1 | 5.9 | 5.5 | 2.5% |
| Jordan | 6.7 | 1.3 | 1.1 | 2.3 | -30.0% |
| Iraq | 3.4 | 0.1 | 0.1 | 0.9 | -35.8% |
| Lebanon | 1.1 | 0.1 | 0.8 | 0.7 | -14.0% |
| Yemen | 1.4 | 0.3 | 0.8 | 0.7 | -20.6% |
| Others | 1.5 | 0.9 | 3.2 | 0.5 | -30.7% |
| Total | 71.2 | 61.4 | 62.0 | 61.7 | -4.7% |
Top Export Markets for Chocolate from Saudi Arabia in 2022:
- Egypt (3.5K tons)
- United Arab Emirates (2.7K tons)
- Kuwait (1.0K tons)
- Jordan (0.9K tons)
- Oman (0.7K tons)
- Bahrain (0.5K tons)
- Yemen (0.4K tons)
- Iraq (0.3K tons)
- Lebanon (0.2K tons)
This report provides an in-depth analysis of the chocolate market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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