MENA: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in MENA

The MENA's starch manufacture residues market stood at $X in 2022, leveling off at the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -4.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Starch Manufacture Residues Production in MENA

In value terms, starch manufacture residues production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Starch Manufacture Residues Exports

Exports in MENA

In 2022, after two years of growth, there was decline in overseas shipments of residues of starch manufacture, when their volume decreased by -2.2% to X tons. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 171% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, starch manufacture residues exports dropped slightly to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 130% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United Arab Emirates was the largest exporter of residues of starch manufacture in MENA, with the volume of exports recording X tons, which was near 65% of total exports in 2022. It was distantly followed by Turkey (X tons), Egypt (X tons) and Israel (X tons), together generating a 35% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to starch manufacture residues exports from the United Arab Emirates stood at +31.6%. At the same time, Egypt (+56.3%), Turkey (+44.5%) and Israel (+25.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +56.3% from 2012-2022. While the share of Turkey (+12 p.p.), Egypt (+10 p.p.) and Israel (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-1.9 p.p.) displayed negative dynamics.

In value terms, the largest starch manufacture residues supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Egypt ($X), together accounting for 92% of total exports.

Among the main exporting countries, Egypt, with a CAGR of +63.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 54%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.7%), while the other leaders experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports in MENA

For the sixth year in a row, MENA recorded decline in supplies from abroad of residues of starch manufacture, which decreased by -60.1% to X tons in 2022. Overall, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by 58%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, starch manufacture residues imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 21%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Morocco (X tons) and Egypt (X tons) were the main importers of residues of starch manufacture in 2022, accounting for approx. 44% and 36% of total imports, respectively. It was distantly followed by Turkey (X tons), achieving a 15% share of total imports. Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +69.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Egypt ($X) constitutes the largest market for imported residues of starch manufacture in MENA, comprising 58% of total imports. The second position in the ranking was held by Morocco ($X), with a 26% share of total imports. It was followed by Turkey, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt totaled -10.7%. In the other countries, the average annual rates were as follows: Morocco (-0.5% per year) and Turkey (-20.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by 41% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price increased by +116.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform