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

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

The MENA's rusks and toasted bread market contracted modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

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

In value terms, rusks and toasted bread production fell to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in MENA

In 2022, after six years of growth, there was significant decline in overseas shipments of rusks, toasted bread and similar toasted products, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, rusks and toasted bread exports contracted modestly to $X in 2022. In general, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Saudi Arabia represented the largest exporter of rusks, toasted bread and similar toasted products in MENA, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Turkey (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together took near X% share of total exports. The following exporters - Israel (X tons) and Kuwait (X tons) - each finished at a X% share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Kuwait (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest rusks and toasted bread supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($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 in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in MENA

After two years of decline, purchases abroad of rusks, toasted bread and similar toasted products increased by X% to X tons in 2022. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, rusks and toasted bread imports skyrocketed to $X in 2022. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United Arab Emirates was the major importer of rusks, toasted bread and similar toasted products in MENA, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, followed by Kuwait (X tons) and Oman (X tons). All these countries together held near X% share of total imports. The following importers - Iraq (X tons), Israel (X tons) and Jordan (X tons) - together made up X% of total imports.

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, Iraq (X%), Oman (X%), Kuwait (X%), Israel (X%) and Saudi Arabia (X%) displayed positive paces of growth. By contrast, Jordan (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Israel, Kuwait, Jordan and Saudi Arabia saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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