Middle East: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in the Middle East

The Middle Eastern chocolate bar with filling market amounted to $X in 2023, rising by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Chocolate Bars With Fillings in the Middle East

In value terms, chocolate bar with filling production expanded remarkably to $X in 2023 estimated in export price. In general, production posted a noticeable expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports in the Middle East

After four years of growth, overseas shipments of chocolate bars with fillings decreased by X% to X tons in 2023. Total exports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, chocolate bar with filling exports expanded slightly to $X in 2023. The total export value 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 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. The following exporters - Oman (X tons), Palestine (X tons) and Lebanon (X tons) - each recorded a X% share of total exports.

Turkey was also the fastest-growing in terms of the chocolate bars with fillings exports, with a CAGR of X% from 2012 to 2023. At the same time, Oman (X%), Palestine (X%) and Lebanon (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest chocolate bar with filling supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, showed a mild contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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 Lebanon ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Imports of Chocolate Bars With Fillings

Imports in the Middle East

In 2023, approx. X tons of chocolate bars with fillings were imported in the Middle East; with a decrease of X% on the previous year's figure. The total import 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 throughout the analyzed period. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, chocolate bar with filling imports declined to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Iraq (X tons), the United Arab Emirates (X tons) and Turkey (X tons) represented the key importer of chocolate bars with fillings in the Middle East, constituting X% of total import. It was distantly followed by Kuwait (X tons), Israel (X tons), Yemen (X tons) and Jordan (X tons), together constituting a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Iraq, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform