MENA: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in MENA

The MENA's chocolate and confectionery market shrank to $X in 2022, reducing by X% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chocolate And Confectionery Production in MENA

In value terms, chocolate and confectionery production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports in MENA

In 2022, the amount of chocolate and confectionery exported in MENA skyrocketed to X tons, with an increase of X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporter of chocolate and confectionery in MENA, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%). Saudi Arabia (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chocolate and confectionery exports from Turkey stood at X%. At the same time, Saudi Arabia (X%), Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Egypt (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chocolate and confectionery supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Egypt ($X), with a combined X% share of total exports. Saudi Arabia and Tunisia lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Turkey ($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 more modest paces of growth.

Chocolate And Confectionery Imports

Imports in MENA

Chocolate and confectionery imports was estimated at X tons in 2022, remaining constant against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate and confectionery imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of chocolate and confectionery imports in 2022 were the United Arab Emirates (X tons), Turkey (X tons), Saudi Arabia (X tons), Iraq (X tons), Israel (X tons), Kuwait (X tons), Libya (X tons), Algeria (X tons), Egypt (X tons), Iran (X tons), Morocco (X tons) and Oman (X tons), together recording X% of total import.

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

In value terms, the largest chocolate and confectionery importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), together comprising X% of total imports. Israel, Iraq, Kuwait, Libya, Egypt, Oman, Algeria, Morocco and Iran lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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