MENA: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in MENA

In 2022, the MENA's waffle and wafer market decreased by X% to $X, falling for the third year in a row after four years of growth. Overall, consumption, however, saw a noticeable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Waffle And Wafer Production in MENA

In value terms, waffle and wafer production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Waffle And Wafer Exports

Exports in MENA

For the sixth year in a row, MENA recorded growth in overseas shipments of waffles and wafers, which increased by X% to X tons in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, waffle and wafer exports soared to $X in 2022. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of waffles and wafers, achieving X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. The following exporters - Egypt (X tons), Tunisia (X tons), Saudi Arabia (X tons) and Kuwait (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to waffle and wafer exports from Turkey stood at X%. At the same time, Tunisia (X%), the United Arab Emirates (X%), Kuwait (X%), Egypt (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest waffle and wafer supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Turkey, waffle and wafer exports 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: the United Arab Emirates (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 ($X per ton), while Tunisia ($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.

Waffle And Wafer Imports

Imports in MENA

After ten years of growth, overseas purchases of waffles and wafers decreased by X% to X tons in 2022. Total imports indicated buoyant growth from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, waffle and wafer imports declined to $X in 2022. Total imports indicated resilient growth 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, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Iraq (X tons) represented the key importer of waffles and wafers, constituting X% of total imports. Kuwait (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Libya (X%), Israel (X%), the United Arab Emirates (X%), Yemen (X%) and Jordan (X%). The following importers - Oman (X tons), Lebanon (X tons), Palestine (X tons), Morocco (X tons) and Syrian Arab Republic (X tons) - together made up X% of total imports.

Imports into Iraq increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Morocco (X%), Oman (X%), Jordan (X%), Palestine (X%), Israel (X%), Lebanon (X%), Libya (X%), Yemen (X%), Syrian Arab Republic (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Kuwait (X p.p.), Jordan (X p.p.), Israel (X p.p.), Oman (X p.p.), Morocco (X p.p.) and Palestine (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Iraq saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest waffle and wafer importing markets in MENA were Iraq ($X), Kuwait ($X) and Libya ($X), together comprising X% of total imports. Israel, the United Arab Emirates, Jordan, Yemen, Palestine, Lebanon, Oman, Morocco and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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