MENA: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in MENA

The MENA's market for fresh bread and miscellaneous bakery expanded slightly to $X in 2023, increasing by X% against the previous year. In general, consumption, however, showed a perceptible expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Fresh Bread and Miscellaneous Bakery in MENA

In value terms, fresh bread and miscellaneous bakery production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in MENA

Fresh bread and miscellaneous bakery exports expanded slightly to X tons in 2023, growing by X% on the previous year's figure. The total export 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 observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery exports expanded remarkably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Turkey was the main exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Saudi Arabia (X tons), Oman (X tons), Israel (X tons) and the United Arab Emirates (X tons), together mixing up a X% share of total exports. The following exporters - Egypt (X tons) and Bahrain (X tons) - each finished at a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Bahrain (X%), Egypt (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fresh bread and miscellaneous bakery supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Israel, with an X% share.

In Turkey, fresh bread and miscellaneous bakery exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

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 Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Imports of Fresh Bread and Miscellaneous Bakery

Imports in MENA

In 2023, imports of fresh bread and miscellaneous bakery in MENA skyrocketed to X tons, increasing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, fresh bread and miscellaneous bakery imports surged to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Iraq (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Yemen (X tons), Israel (X tons), Oman (X tons), Morocco (X tons) and Kuwait (X tons) represented the major importers of fresh bread and miscellaneous bakery, together achieving X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh bread and miscellaneous bakery importing markets in MENA were the United Arab Emirates ($X), Iraq ($X) and Saudi Arabia ($X), together comprising X% of total imports. Israel, Kuwait, Morocco, Oman and Yemen lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Morocco, with a CAGR of X%, recorded 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 import price in MENA stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($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