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Armenia Bakery Industry Outlook 2022 - 2026

See how Armenia Bakery performed compared to key markets such as Germany, Canada and Italy.

Key Market Indicators

Armenian bread exports are expected to reach $1.2 million by 2026, up from $1.1 million in 2021. This represents an average yearly growth of 1.8%. Since 2004, Armenian supply has been declining by an average of 4.5% each year. In 2021, Panama ranked ahead of Armenia with exports of $1.1 million. Canada, Italy and Belgium took the second, third and fourth spots, respectively. Meanwhile, Armenian bread imports are set to reach $27.7 million by 2026, up from $23.1 million in 2021. This translates to an average annual growth rate of 3%. Since 2002, Armenian demand has been increasing 11% each year. In 2021, Nepal surpassed Armenia with imports of $23.1 million. The United Kingdom, Germany and France took the second, third and fourth spots, respectively.

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Armenia Bakery Market Data and Forecasts

How much will Armenia Bakery Market grow to 2026?

Forecast: Export of Baked Bread, Pastry and Wafers from Armenia
Forecast: Import of Bakery and Pasta Making Machinery to Armenia
Forecast: Export of Bakery and Pasta Making Machinery from Armenia
Forecast: Import of Sweet Biscuits, Waffles and Wafers to Armenia
Forecast: Import of Bakery and Pasta Making Machinery to Armenia
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