Bahrain: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Bahrain

The Bahraini chocolate and confectionery market rose sharply to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Chocolate And Confectionery Production in Bahrain

In value terms, chocolate and confectionery production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a mild contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Bahrain

In 2022, after two years of decline, there was significant growth in overseas shipments of chocolate and confectionery, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports surged to $X in 2022. Overall, exports, however, saw a deep reduction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of chocolate and confectionery exports from Bahrain, with a combined X% share of total exports.

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

In value terms, Free Zones ($X) remains the key foreign market for chocolate and confectionery exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate And Confectionery Imports

Imports into Bahrain

In 2022, imports of chocolate and confectionery into Bahrain stood at X tons, with an increase of X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate and confectionery imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Turkey (X tons), Singapore (X tons) and Egypt (X tons) were the main suppliers of chocolate and confectionery imports to Bahrain, together accounting for X% of total imports. The United Arab Emirates, Italy, Germany, the Netherlands, Russia, Belgium, Saudi Arabia, the UK, Poland and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Turkey ($X) and the Netherlands ($X) were the largest chocolate and confectionery suppliers to Bahrain, with a combined X% share of total imports. Saudi Arabia, Italy, the United Arab Emirates, Poland, Germany, Singapore, Russia, the UK, Belgium and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Russia, with a CAGR of X%, 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 chocolate and confectionery import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Saudi Arabia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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