MENA: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in MENA

After three years of growth, the MENA's glycosides and vegetable alkaloids market decreased by -14.3% to $X in 2021. Overall, consumption recorded a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in MENA

In value terms, glycosides and vegetable alkaloids production shrank to $X in 2021 estimated in export price. Overall, production showed a mild downturn. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in MENA

Glycosides and vegetable alkaloids exports surged to X tons in 2021, picking up by 68% compared with the year before. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports totaled $X in 2021. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 33%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Morocco prevails in exports structure, finishing at X tons, which was approx. 90% of total exports in 2021. Turkey (X tons), Israel (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from Morocco stood at +10.0%. At the same time, Israel (+15.8%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +15.8% from 2012-2021. By contrast, Turkey (-20.1%) and the United Arab Emirates (-21.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Morocco increased by +43 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest glycosides and vegetable alkaloids supplier in MENA, comprising 51% of total exports. The second position in the ranking was held by Israel ($X), with a 22% share of total exports. It was followed by Turkey, with an 11% share.

In Morocco, glycosides and vegetable alkaloids exports expanded at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+11.6% per year) and Turkey (-24.7% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, which is down by -40.3% against the previous year. Over the period under review, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 62%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Morocco ($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 (+6.1%), while the other leaders experienced a decline in the export price figures.

Imports of Glycosides And Vegetable Alkaloids

Imports in MENA

In 2021, the amount of glycosides and vegetable alkaloids imported in MENA shrank to X tons, which is down by -7.2% on 2020. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 53% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids imports reduced markedly to $X in 2021. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 9.8% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) and Egypt (X tons) represented the main importers of glycosides and vegetable alkaloids in MENA, together mixing up 56% of total imports. The United Arab Emirates (X tons) took the next position in the ranking, followed by Iran (X tons) and Morocco (X tons). All these countries together held near 26% share of total imports. Israel (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. These countries were followed by Israel, Iran, the United Arab Emirates and Algeria, which together accounted for a further 24%.

The United Arab Emirates, with a CAGR of +5.9%, recorded 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 MENA stood at $X per ton in 2021, falling by -8.7% against the previous year. Over the period under review, the import price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 an increase of 37% against the previous year. The level of import peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+13.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform