Saudi Arabia - Sweet Biscuits, Waffles and Wafers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Market for Sweet Biscuits, Waffles and Wafers 2024
Market Size for Sweet Biscuits, Waffles and Wafers in Saudi Arabia
In 2023, the Saudi market for sweet biscuits, waffles and wafers was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sweet biscuit, waffle and wafer consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.
Production of Sweet Biscuits, Waffles and Wafers in Saudi Arabia
In value terms, sweet biscuit, waffle and wafer production dropped modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.
Exports of Sweet Biscuits, Waffles and Wafers
Exports from Saudi Arabia
In 2023, overseas shipments of sweet biscuits, waffles and wafers increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
In value terms, sweet biscuit, waffle and wafer exports surged to $X in 2023. Over the period under review, exports, however, saw a mild descent. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
Exports by Country
Yemen (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Saudi Arabia, with a X% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Yemen exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the Philippines (X% per year).
In value terms, the largest markets for sweet biscuit, waffle and wafer exported from Saudi Arabia were Yemen ($X), Egypt ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Iraq, the Philippines, Jordan, Lebanon, Somalia, Oman, Libya, Djibouti, Sudan and Mauritania lagged somewhat behind, together comprising a further X%.
The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 2023, with a decrease of X% against the previous year. Overall, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.
From 2012 to 2023, 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 2023, overseas purchases of sweet biscuits, waffles and wafers decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.
In value terms, sweet biscuit, waffle and wafer imports totaled $X in 2023. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.
Imports by Country
The United Arab Emirates (X tons), Italy (X tons) and Bahrain (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Saudi Arabia, with a combined X% share of total imports. The UK, Egypt, Bangladesh, Poland, Belgium, the United States, Germany, Croatia, Austria and the Netherlands lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Italy ($X), the United Arab Emirates ($X) and the UK ($X) constituted the largest sweet biscuit, waffle and wafer suppliers to Saudi Arabia, together comprising X% of total imports. Bahrain, Poland, Egypt, Austria, Germany, Belgium, the Netherlands, the United States, Croatia and Bangladesh lagged somewhat behind, together comprising a further X%.
Among the main suppliers, Bangladesh, 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
In 2023, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, remaining stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2023 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.
From 2012 to 2023, 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
This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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