Middle East: Gingerbread Market 2024

Gingerbread Market Size in the Middle East

The Middle Eastern gingerbread market dropped modestly to $X in 2022, shrinking by -2.9% against the previous year. In general, consumption continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Gingerbread Production in the Middle East

In value terms, gingerbread production contracted to $X in 2022 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 424%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Gingerbread Exports

Exports in the Middle East

In 2022, overseas shipments of gingerbread decreased by -24.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 100% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, gingerbread exports shrank to $X in 2022. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 112% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which resulted at 35% of total exports. Kuwait (X tons) took the second position in the ranking, followed by Iran (X tons), Israel (X tons) and the United Arab Emirates (X tons). All these countries together took near 57% share of total exports. The following exporters - Jordan (X tons) and Syrian Arab Republic (X tons) - together made up 4.8% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest gingerbread supplier in the Middle East, comprising 52% of total exports. The second position in the ranking was held by Israel ($X), with a 16% share of total exports. It was followed by Kuwait, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +11.3%. In the other countries, the average annual rates were as follows: Israel (+6.3% per year) and Kuwait (+14.5% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by 14% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 44%. The level of export peaked at $X per ton in 2017; however, from 2018 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 Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the other leaders experienced a decline in the export price figures.

Gingerbread Imports

Imports in the Middle East

In 2022, approx. X tons of gingerbread were imported in the Middle East; with a decrease of -24.9% compared with the year before. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, gingerbread imports fell significantly to $X in 2022. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) and Kuwait (X tons) were the main importers of gingerbread in the Middle East, together mixing up 48% of total imports. Israel (X tons) took the next position in the ranking, followed by Iraq (X tons), Bahrain (X tons), the United Arab Emirates (X tons) and Qatar (X tons). All these countries together took near 41% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Kuwait ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, together accounting for 58% of total imports.

Saudi Arabia, with a CAGR of +24.4%, 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 2022, the import price in the Middle East amounted to $X per ton, waning by -9.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 15%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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