Middle East: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in the Middle East

In 2022, the Middle Eastern market for chocolate bars with cereals, fruit or nuts increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in the Middle East

In value terms, production of chocolate bars with cereals, fruit or nuts declined to $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in shipments abroad of chocolate bars with cereals, fruit or nuts, which increased by X% to X tons in 2022. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of chocolate bars with cereals, fruit or nuts soared to $X in 2022. In general, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Turkey (X tons), committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%).

In value terms, the largest cereal, fruit or nut chocolate bar supplying countries in the Middle East were the United Arab Emirates ($X) and Turkey ($X).

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, flattening at the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in the Middle East

In 2022, imports of chocolate bars with cereals, fruit or nuts in the Middle East skyrocketed to X tons, with an increase of X% on the previous year's figure. Total imports indicated a buoyant increase 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 2013 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Total imports indicated a strong expansion 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Saudi Arabia (X tons), Israel (X tons), Oman (X tons), Iraq (X tons), Kuwait (X tons) and Turkey (X tons) represented the key importers of chocolate bars with cereals, fruit or nuts, together constituting X% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Kuwait (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iraq experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.), Oman (X p.p.), Israel (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported chocolate bars with cereals, fruit or nuts in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In the United Arab Emirates, imports of chocolate bars with cereals, fruit or nuts increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :