GCC: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in GCC

The GCC market for malt extract and food preparations of flour, meal, and starches totaled $X in 2022, rising by 10% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -30.8% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in GCC

In value terms, production of malt extract and food preparations of flour, meal, and starches totaled $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 -20.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 75%. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in GCC

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were exported in GCC; with a decrease of -20.7% on the year before. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 159% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 294% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of malt extract and food preparations of flour, meal, and starches, making up 73% of total exports. Saudi Arabia (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Oman (11%). Kuwait (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to malt extract and food preparations of flour, meal, and starch exports from the United Arab Emirates stood at +14.8%. At the same time, Oman (+44.9%), Saudi Arabia (+10.3%) and Kuwait (+7.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +44.9% from 2012-2022. Oman (+9.7 p.p.) significantly strengthened its position in terms of the total exports, while Kuwait and Saudi Arabia saw its share reduced by -3.1% and -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest malt extract and food preparations of flour, meal, and starch supplier in GCC, comprising 69% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +8.8%. In the other countries, the average annual rates were as follows: Saudi Arabia (+8.3% per year) and Oman (+34.5% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by 8.3% against the previous year. Overall, the export price, however, saw a pronounced decrease. The growth pace was the most rapid in 2014 when the export price increased by 52%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in GCC

In 2022, after two years of decline, there was growth in purchases abroad of malt extract and food preparations of flour, meal, and starches, when their volume increased by 0.7% to X tons. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 95%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches amounted to $X in 2022. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 71% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in starches structure, accounting for X tons, which was near 92% of total imports in 2022. It was distantly followed by Oman (X tons), constituting a 4.8% share of total imports. Qatar (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +15.6% from 2012 to 2022. At the same time, Qatar (+18.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +18.0% from 2012-2022. By contrast, Oman (-8.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+38 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (-23.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported malt extract and food preparations of flour, meal, and starches in GCC, comprising 91% of total imports. The second position in the ranking was taken by Oman ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +13.3%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-7.3% per year) and Qatar (+15.8% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, almost unchanged from the previous year. In general, the import price showed a mild slump. The pace of growth appeared the most rapid in 2014 when the import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform