GCC: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in GCC

The GCC rusks and toasted bread market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rusks, Toasted Bread and Similar Toasted Products in GCC

In value terms, rusks and toasted bread production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in GCC

After six years of growth, shipments abroad of rusks, toasted bread and similar toasted products decreased by X% to X tons in 2022. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, rusks and toasted bread exports dropped to $X in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Saudi Arabia prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. Kuwait (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to rusks and toasted bread exports from Saudi Arabia stood at X%. At the same time, Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest rusks and toasted bread supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, rusks and toasted bread exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in GCC

In 2022, rusks and toasted bread imports in GCC soared to X tons, rising by X% against the previous year. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, rusks and toasted bread imports soared to $X in 2022. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The United Arab Emirates represented the key importer of rusks, toasted bread and similar toasted products in GCC, with the volume of imports recording X tons, which was near X% of total imports in 2022. Saudi Arabia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Oman (X%).

The United Arab Emirates was also the fastest-growing in terms of the rusks, toasted bread and similar toasted products imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%), Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported rusks, toasted bread and similar toasted products in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, rusks and toasted bread imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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