saudi arabia Biscuits Market Shipment Analysis
Saudi Arabia Biscuits Market registered a decline of -43.67% in value shipments in 2021 as compared to 2020 and an increase of 2.6% CAGR in 2021 over a period of 2017. In Biscuits Market Saudi Arabia is becoming less competitive as HHI index in 2021 was 1862 while in 2017 it was 618. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Saudi Arabia has reportedly relied more on imports to meet its growing demand in Biscuits Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Biscuits Market in 2021 was 1.91 while in 2017 it was 3.24. Bahrain, Egypt, Germany, Netherlands and Italy were among the top players of the market in 2021, where Bahrain acquired the largest market share of 36.44% with a shipment value of 37.1 million USD in 2022 Bahrain also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Biscuits Market. In 2017 Italy had the largest market share of 12.52% with the shipment value of 19.9 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Italy offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Saudi Arabia Biscuits Market in 2017.
