Bread and Bakery Market in Iran
Market Overview
The Iranian bread and bakery market expanded slightly to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bread and bakery consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
In value terms, bread and bakery production stood at $ in estimated in export price. In general, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by %. Bread and bakery production peaked at $ in 2017; however, from 2018 to , production failed to regain momentum.
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bread and bakery consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.In value terms, bread and bakery production stood at $
in estimated in export price. In general, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by %. Bread and bakery production peaked at $ in 2017; however, from 2018 to , production failed to regain momentum.Consumption
In , approx. tons of bread and bakery were consumed in Iran; standing approx. at the previous year's figure. In general, consumption saw a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at tons in 2017; however, from 2018 to , consumption failed to regain momentum.
The revenue of the bread and bakery market in Iran amounted to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
, approx. tons of bread and bakery were consumed in Iran; standing approx. at the previous year's figure. In general, consumption saw a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at tons in 2017; however, from 2018 to , consumption failed to regain momentum.The revenue of the bread and bakery market in Iran amounted to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.Consumption by Type
Gingerbread, sweet biscuits and waffles ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, gingerbread, sweet biscuits and waffles exceeded the figures recorded for the second-largest type, crispbread, rusks and toasted bread ( tons), sixfold.
From 2007 to, the average annual rate of growth in terms of the volume of gingerbread, sweet biscuits and waffles consumptions stood at -%.
In value terms, gingerbread, sweet biscuits and waffles ($) led the market, alone. The second position in the ranking was taken by crispbread, rusks and toasted bread ($).
From 2007 to, the average annual rate of growth in terms of the value of gingerbread, sweet biscuits and waffles markets stood at -%.
tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, gingerbread, sweet biscuits and waffles exceeded the figures recorded for the second-largest type, crispbread, rusks and toasted bread ( tons), sixfold.From 2007 to
, the average annual rate of growth in terms of the volume of gingerbread, sweet biscuits and waffles consumptions stood at -%.In value terms, gingerbread, sweet biscuits and waffles ($
) led the market, alone. The second position in the ranking was taken by crispbread, rusks and toasted bread ($).From 2007 to
, the average annual rate of growth in terms of the value of gingerbread, sweet biscuits and waffles markets stood at -%.Market Forecast
Driven by increasing demand for bread and bakery in Iran, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of bread and bakery in Iran were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for bread and bakery.
Trade Balance
Iran remains a net exporter of bread and bakery; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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