GCC: Brewing Dregs Market 2024

Brewing Dregs Market Size in GCC

The GCC brewing dregs market amounted to $X in 2022, picking up by 5.3% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 -4.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Brewing Dregs Production in GCC

In value terms, brewing dregs production rose modestly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 62%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Brewing Dregs Exports

Exports in GCC

In 2022, approx. X tons of brewing or distilling dregs and waste were exported in GCC; picking up by 50% compared with the previous year. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 409% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, brewing dregs exports soared to $X in 2022. Overall, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 461%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) represented roughly 100% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the brewing or distilling dregs and waste exports, with a CAGR of -9.7% 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 brewing dregs supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at -5.8%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, reducing by -5.7% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs export price increased by +46.5% against 2015 indices. The growth pace was the most rapid in 2013 when the export price increased by 46% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 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 +4.3% per year.

Brewing Dregs Imports

Imports in GCC

Brewing dregs imports skyrocketed to X tons in 2022, jumping by 24% on the previous year's figure. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 882%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, brewing dregs imports surged to $X in 2022. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of 876% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the three major importers of brewing or distilling dregs and waste, namely the United Arab Emirates, Oman and Qatar, represented more than two-thirds of total import. Kuwait (X tons) took a 7.6% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (5.6%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bahrain (with a CAGR of +229.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brewing dregs importing markets in GCC were Qatar ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 86% share of total imports. Bahrain and Kuwait lagged somewhat behind, together accounting for a further 14%.

In terms of the main importing countries, Bahrain, with a CAGR of +309.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, with an increase of 1.8% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs import price increased by +40.8% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 82% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+24.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform