GCC: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in GCC

The GCC meat meals and pellets market reduced modestly to $X in 2021, waning by -3.6% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.4% against 2019 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in GCC

In value terms, meat meals and pellets production declined slightly to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 32%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in GCC

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were exported in GCC; picking up by 38% on the previous year. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,050% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, meat meals and pellets exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 875%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the key exporter of flours, meals and pellets of meat or meat offal in GCC, with the volume of exports resulting at X tons, which was near 73% of total exports in 2021. It was distantly followed by Oman (X tons), achieving a 25% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to meat meals and pellets exports from Saudi Arabia stood at +21.2%. At the same time, Oman (+71.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +71.4% from 2012-2021. From 2012 to 2021, the share of Oman increased by +25 percentage points.

In value terms, Saudi Arabia ($X) remains the largest meat meals and pellets supplier in GCC, comprising 68% of total exports. The second position in the ranking was held by Oman ($X), with a 31% share of total exports.

In Saudi Arabia, meat meals and pellets exports expanded at an average annual rate of +26.7% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2013 when the export price increased by 36%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.5%).

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in GCC

After two years of decline, overseas purchases of flours, meals and pellets of meat or meat offal increased by 3.5% to X tons in 2021. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 237%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, meat meals and pellets imports expanded sharply to $X in 2021. In general, imports, however, showed a deep slump. The growth pace was the most rapid in 2013 with an increase of 240% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Oman was the largest importer of flours, meals and pellets of meat or meat offal in GCC, with the volume of imports recording X tons, which was approx. 44% of total imports in 2021. Kuwait (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (19%) and Bahrain (15%).

From 2012 to 2021, average annual rates of growth with regard to meat meals and pellets imports into Oman stood at -1.5%. At the same time, Bahrain (+21.4%) and Kuwait (+8.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +21.4% from 2012-2021. By contrast, the United Arab Emirates (-28.5%) illustrated a downward trend over the same period. Oman (+33 p.p.), Kuwait (+19 p.p.) and Bahrain (+14 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -67% from 2012 to 2021, respectively.

In value terms, Oman ($X), Kuwait ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 81% share of total imports. These countries were followed by Bahrain, which accounted for a further 19%.

Bahrain, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, with an increase of 4.4% against the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2018 when the import price increased by 72%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform