MENA: Maltodextrine Market 2024

Maltodextrine Market Size in MENA

In 2021, the MENA's maltodextrine market decreased by -17.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption saw a noticeable curtailment. The growth pace was the most rapid in 2020 when the market value increased by 6.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Maltodextrine Production in MENA

In value terms, maltodextrine production declined modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 6.9%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Maltodextrine Exports

Exports in MENA

In 2021, overseas shipments of maltodextrine and maltodextine syrup increased by 102% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, maltodextrine exports skyrocketed to $X in 2021. Over the period under review, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near 86% of total exports in 2021. It was distantly followed by Israel (X tons), generating a 9.6% share of total exports.

Turkey was also the fastest-growing in terms of the maltodextrine and maltodextine syrup exports, with a CAGR of +23.8% from 2012 to 2021. Israel (-5.0%) illustrated a downward trend over the same period. While the share of Turkey (+42 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-43.7 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest maltodextrine supplier in MENA, comprising 78% of total exports. The second position in the ranking was held by Israel ($X), with a 12% share of total exports.

In Turkey, maltodextrine exports expanded at an average annual rate of +16.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, reducing by -8% against the previous year. Over the period under review, the export price showed a abrupt downturn. The growth pace was the most rapid in 2017 when the export price increased by 8.3%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-4.2%).

Maltodextrine Imports

Imports in MENA

After two years of growth, purchases abroad of maltodextrine and maltodextine syrup decreased by -2.3% to X tons in 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, maltodextrine imports rose slightly to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.7% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 29%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Turkey (X tons), distantly followed by Egypt (X tons), Saudi Arabia (X tons), Algeria (X tons), Israel (X tons) and the United Arab Emirates (X tons) were the major importers of maltodextrine and maltodextine syrup, together creating 77% of total imports. Morocco (X tons), Iraq (X tons), Yemen (X tons), Oman (X tons), Kuwait (X tons), Iran (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maltodextrine importing markets in MENA were Saudi Arabia ($X), Turkey ($X) and Algeria ($X), with a combined 49% share of total imports. The United Arab Emirates, Israel, Egypt, Morocco, Kuwait, Oman, Yemen, Iraq, Iran and Tunisia lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, Kuwait, with a CAGR of +18.8%, saw the highest rates of growth with regard to 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

The import price in MENA stood at $X per ton in 2021, growing by 4.1% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, maltodextrine import price increased by +57.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

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 Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform