Middle East: Crispbread Market 2024

Crispbread Market Size in the Middle East

In 2021, after two years of decline, there was significant growth in the Middle Eastern crispbread market, when its value increased by 6.6% to $X. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.9% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Crispbread Production in the Middle East

In value terms, crispbread production rose remarkably to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Crispbread Exports

Exports in the Middle East

In 2021, shipments abroad of crispbread was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, crispbread exports skyrocketed to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 66% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons) and the United Arab Emirates (X tons) represented roughly 55% of total exports in 2021. Turkey (X tons) held the next position in the ranking, followed by Yemen (X tons), Saudi Arabia (X tons) and Lebanon (X tons). All these countries together held approx. 34% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +46.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the largest crispbread supplier in the Middle East, comprising 57% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Turkey, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled +60.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.5% per year) and Turkey (-2.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 50% against the previous year. Over the period under review, the export price recorded a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+9.7%), while the other leaders experienced more modest paces of growth.

Crispbread Imports

Imports in the Middle East

In 2021, approx. X tons of crispbread were imported in the Middle East; increasing by 28% against 2020. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2015 when imports increased by 59%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, crispbread imports skyrocketed to $X in 2021. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 23%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented the major importers of crispbread in 2021, finishing at approx. 28% and 21% of total imports, respectively. Kuwait (X tons) took the next position in the ranking, followed by Israel (X tons), Saudi Arabia (X tons), Oman (X tons) and Bahrain (X tons). All these countries together held near 43% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), together accounting for 57% of total imports. These countries were followed by Saudi Arabia, Israel, Bahrain and Oman, which together accounted for a further 35%.

Saudi Arabia, with a CAGR of +50.1%, saw the highest rates of growth with regard to 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 2021, the import price in the Middle East amounted to $X per ton, declining by -8.8% against the previous year. Overall, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :