GCC: Pasta Products Market 2024

Pasta Products Market Size in GCC

The GCC pasta products market rose sharply to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Pasta Products Production in GCC

In value terms, pasta products production totaled $X in 2023 estimated in export price. In general, production posted a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level in 2023 and is likely to continue growth in the near future.

Pasta Products Exports

Exports in GCC

In 2023, exports of dried, undried and frozen pasta and pasta products in GCC dropped notably to X tons, reducing by X% on 2022 figures. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, pasta products exports contracted rapidly to $X in 2023. In general, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Saudi Arabia was the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%).

In value terms, Saudi Arabia ($X) remains the largest pasta products supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Saudi Arabia totaled X%.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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 Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Pasta Products Imports

Imports in GCC

In 2023, after three years of decline, there was significant growth in supplies from abroad of dried, undried and frozen pasta and pasta products, when their volume increased by X% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, pasta products imports expanded modestly to $X in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) was the largest importer of dried, undried and frozen pasta and pasta products, generating X% of total imports. Oman (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), Kuwait (X tons) and Qatar (X tons). All these countries together held near X% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Bahrain (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Kuwait (X p.p.), Oman (X p.p.), the United Arab Emirates (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported dried, undried and frozen pasta and pasta products in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, falling by 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 was the most pronounced in 2016 an increase of X%. The level of import peaked at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform