MENA: Canned Food Market 2024

Canned Food Market Size in MENA

In 2022, the MENA's canned food market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Canned Food Production in MENA

In value terms, canned food production fell to $X in 2022 estimated in export price. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Canned Food Exports

Exports in MENA

Canned food exports expanded markedly to X tons in 2022, with an increase of X% on the previous year's figure. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, canned food exports skyrocketed to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey represented the key exporter of canned food in MENA, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (X%) and Egypt (X%). Saudi Arabia (X tons), Lebanon (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to canned food exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%), Egypt (X%), Morocco (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Lebanon experienced a relatively flat trend pattern. By contrast, Jordan (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Morocco (X p.p.), Lebanon (X p.p.) and Jordan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest canned food supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Egypt ($X), together accounting for X% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Jordan ($X per ton), while Turkey ($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 (X%), while the other leaders experienced more modest paces of growth.

Canned Food Imports

Imports in MENA

In 2022, after two years of decline, there was growth in supplies from abroad of canned food, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, canned food imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Saudi Arabia (X tons), distantly followed by the United Arab Emirates (X tons), Iraq (X tons), Yemen (X tons), Kuwait (X tons), Israel (X tons) and Algeria (X tons) were the key importers of canned food, together creating X% of total imports. The following importers - Libya (X tons), Oman (X tons), Qatar (X tons), Bahrain (X tons), Turkey (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported canned food in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

In Saudi Arabia, canned food imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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