Saudi Arabia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Saudi Arabia

In 2022, the Saudi market for sweet biscuits, waffles and wafers decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a slight decline. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Saudi Arabia

In value terms, sweet biscuit, waffle and wafer production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Sweet Biscuits, Waffles and Wafers

Exports from Saudi Arabia

In 2022, overseas shipments of sweet biscuits, waffles and wafers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports fell to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons), Kuwait (X tons) and Iraq (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Saudi Arabia, with a combined X% share of total exports. Lebanon, the United Arab Emirates, Somalia, Jordan, Djibouti, Libya, Oman, Egypt, Sudan and Mauritania lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for sweet biscuit, waffle and wafer exported from Saudi Arabia were Kuwait ($X), Yemen ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Iraq, Jordan, Lebanon, Somalia, Oman, Libya, Djibouti, Sudan, Egypt and Mauritania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Somalia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. 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 destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Saudi Arabia

In 2021, supplies from abroad of sweet biscuits, waffles and wafers decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer imports reduced to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and Bahrain (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Saudi Arabia, with a combined X% share of total imports. The UK, Egypt, Bangladesh, Poland, Germany, Belgium, Croatia, the United States, Syrian Arab Republic and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and the UK ($X) were the largest sweet biscuit, waffle and wafer suppliers to Saudi Arabia, with a combined X% share of total imports. Bahrain, Egypt, Poland, Austria, Germany, Belgium, the United States, Croatia, Bangladesh and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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