Iran: 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 Iran

The Iranian market for malt extract and food preparations of flour, meal, and starches rose modestly to $X in 2022, surging by 4.9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.3% against the previous year. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, production of malt extract and food preparations of flour, meal, and starches expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 14% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Iran

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported from Iran declined modestly to X tons, waning by -3% against the previous year. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 288%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of 214%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Niger (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Iran, with a 79% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Niger exceeded the volume sent to the second major destination, Georgia (X tons), more than tenfold. Azerbaijan (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to +2,508.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+255.9% per year) and Azerbaijan (+110,592.1% per year).

In value terms, Niger ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Iran, comprising 88% of total exports. The second position in the ranking was held by Georgia ($X), with a 4% share of total exports. It was followed by Azerbaijan, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +2,580.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+268.1% per year) and Azerbaijan (+119,091.2% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with a decrease of -5.2% against the previous year. In general, the export price saw a mild decline. The pace of growth appeared the most rapid in 2020 an increase of 25%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Iran

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a temperate increase. The growth pace was the most rapid in 2019 with an increase of 196% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches declined slightly to $X in 2022. Over the period under review, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2019 when imports increased by 319% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Iran, with a combined 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +105.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Iran, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Poland, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Poland (+13.6% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, waning by -26.6% against the previous year. Overall, the import price recorded a slight decline. The growth pace was the most rapid in 2021 when the average import price increased by 74% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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