MENA: Bread And Bakery Market 2024

Bread And Bakery Market Size in MENA

The MENA's bread and bakery market stood at $X in 2023, with an increase of X% against the previous year. The total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Bread And Bakery Production in MENA

In value terms, bread and bakery production totaled $X in 2023 estimated in export price. In general, production, however, posted a perceptible increase. 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 2023, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports in MENA

In 2023, shipments abroad of bread and bakery decreased by X% to X tons, falling for the second consecutive year after five years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, bread and bakery exports rose significantly to $X in 2023. Total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

Turkey represented the largest exporter of bread and bakery in MENA, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons) and Oman (X tons), together achieving a X% share of total exports. The following exporters - Egypt (X tons), Israel (X tons) and Iran (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to bread and bakery exports from Turkey stood at X%. At the same time, Oman (X%), Egypt (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates and Iran experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, bread and bakery exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries 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 export price in MENA stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Bread And Bakery Imports

Imports in MENA

In 2023, approx. X tons of bread and bakery were imported in MENA; jumping by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, bread and bakery imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Iraq represented the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Yemen (X tons), Saudi Arabia (X tons), Israel (X tons), Oman (X tons) and Kuwait (X tons), together comprising a X% share of total imports. The following importers - Libya (X tons), Morocco (X tons), Jordan (X tons), Turkey (X tons), Palestine (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to bread and bakery imports into Iraq stood at X%. At the same time, Morocco (X%), Israel (X%), Palestine (X%), Oman (X%), Kuwait (X%), Turkey (X%), the United Arab Emirates (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Jordan experienced a relatively flat trend pattern. By contrast, Libya (X%), Saudi Arabia (X%) and Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Iraq, Morocco, Israel and Oman increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bread and bakery importing markets in MENA were Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Israel, Kuwait, Yemen, Oman, Libya, Morocco, Turkey, Jordan, Palestine and Lebanon 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, 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 2023, the import price in MENA amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, 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