GCC: Canned Mushroom Market 2024

Canned Mushroom Exports

Exports in GCC

In 2022, approx. X tons of canned mushrooms were exported in GCC; which is down by -21.5% against the previous year. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 44%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, canned mushroom exports fell notably to $X in 2022. Overall, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of around X tons, which resulted at 72% of total exports. Kuwait (X tons) ranks second in terms of the total exports with a 20% share, followed by Saudi Arabia (6.8%).

From 2012 to 2022, average annual rates of growth with regard to canned mushroom exports from the United Arab Emirates stood at -8.6%. At the same time, Kuwait (+14.1%) and Saudi Arabia (+11.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +14.1% from 2012-2022. Kuwait (+17 p.p.) and Saudi Arabia (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -22.7% from 2012 to 2022, respectively.

In value terms, Kuwait ($X) emerged as the largest canned mushroom supplier in GCC, comprising 65% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kuwait totaled +29.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-10.8% per year) and Saudi Arabia (+18.2% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, which is down by -14% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when the export price increased by 70%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+13.5%), while the other leaders experienced mixed trends in the export price figures.

Canned Mushroom Imports

Imports in GCC

After two years of growth, supplies from abroad of canned mushrooms decreased by -17.4% to X tons in 2022. Overall, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2014 when imports increased by 8.9%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, canned mushroom imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the main importer of canned mushrooms, mixing up 56% of total imports. Kuwait (X tons) ranks second in terms of the total imports with a 22% share, followed by Qatar (11%), Bahrain (5.4%) and Oman (5.1%).

From 2012 to 2022, average annual rates of growth with regard to canned mushroom imports into the United Arab Emirates stood at +2.4%. At the same time, Oman (+9.1%) and Qatar (+2.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +9.1% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Bahrain (-1.3%) illustrated a downward trend over the same period. The United Arab Emirates (+25 p.p.), Kuwait (+6.1 p.p.), Qatar (+4.6 p.p.) and Oman (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported canned mushrooms in GCC, comprising 68% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 16% share of total imports. It was followed by Qatar, with an 8.1% share.

In the United Arab Emirates, canned mushroom imports expanded at an average annual rate of +9.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+1.5% per year) and Qatar (+0.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, growing by 19% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned mushroom import price increased by +56.4% against 2016 indices. As a result, import 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 importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :