MENA: Rye Market 2024

Rye Market Size in MENA

The MENA's rye market dropped modestly to $X in 2022, with a decrease of -2.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Rye Production in MENA

In value terms, rye production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded measured growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 68% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of rye production, comprising approx. 72% of total volume. Moreover, rye production in Turkey exceeded the figures recorded by the second-largest producer, Egypt (X tons), threefold.

In Turkey, rye production decreased by an average annual rate of -3.9% over the period from 2012-2022.

The average rye yield expanded notably to X tons per ha in 2022, picking up by 13% on the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 14%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the rye yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rye harvested area expanded to X ha in 2022, picking up by 3.3% on 2021 figures. In general, the harvested area, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 6.1% against the previous year. Over the period under review, the harvested area dedicated to rye production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Rye Exports

Exports in MENA

After two years of decline, overseas shipments of rye increased by 321% to X tons in 2022. Overall, exports, however, faced a significant decline. The growth pace was the most rapid in 2016 with an increase of 526% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, rye exports soared to $X in 2022. In general, exports, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2016 when exports increased by 240% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Israel (X tons) represented the key exporters of rye in MENA, together constituting 78% of total exports. Egypt (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (4.6%).

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +34.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest rye supplying countries in MENA were the United Arab Emirates ($X), Egypt ($X) and Israel ($X), with a combined 96% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, falling by -45.6% against the previous year. Overall, the export price, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 when the export price increased by 214% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Israel ($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 (+8.8%), while the other leaders experienced more modest paces of growth.

Rye Imports

Imports in MENA

In 2022, approx. X tons of rye were imported in MENA; which is down by -49.8% on the previous year's figure. In general, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2018 when imports increased by 374% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, rye imports reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 342%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey represented the key importing country with an import of around X tons, which recorded 61% of total imports. It was distantly followed by Israel (X tons), constituting a 35% share of total imports. Saudi Arabia (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +15.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X), Israel ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, together comprising 99% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +20.2%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by 28% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform