GCC: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in GCC

The GCC beet-pulp and bagasse market rose sharply to $X in 2022, surging by 7.6% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in GCC

In value terms, beet-pulp and bagasse production expanded remarkably to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports in GCC

In 2022, exports of beet-pulp and bagasse in GCC skyrocketed to X tons, rising by 40% on the year before. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 687%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, beet-pulp and bagasse exports surged to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 710% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together finishing at 100% of total export.

The United Arab Emirates was also the fastest-growing in terms of the beet-pulp and bagasse exports, with a CAGR of +28.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest beet-pulp and bagasse supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +26.7%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, shrinking by -10.4% against the previous year. Overall, the export price recorded a mild curtailment. The pace of growth appeared the most rapid in 2020 an increase of 151% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.4% per year.

Beet-Pulp And Bagasse Imports

Imports in GCC

Beet-pulp and bagasse imports expanded markedly to X tons in 2022, picking up by 5.3% compared with 2021. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 228% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports expanded slightly to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 237%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia dominates imports structure, accounting for X tons, which was near 87% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), committing a 5.3% share of total imports. Qatar (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to beet-pulp and bagasse imports into Saudi Arabia stood at +10.5%. At the same time, Oman (+11.5%), the United Arab Emirates (+7.0%) and Qatar (+2.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.5% from 2012-2022. While the share of Qatar (+3.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-1.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported beet-pulp and bagasse in GCC, comprising 86% of total imports. The second position in the ranking was taken by Qatar ($X), with a 6.2% share of total imports. It was followed by the United Arab Emirates, with a 5.2% share.

In Saudi Arabia, beet-pulp and bagasse imports increased at an average annual rate of +8.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+12.6% per year) and the United Arab Emirates (+8.2% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by -2.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 22% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform