MENA: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in MENA

In 2022, the MENA's temporarily preserved vegetable market decreased by -0.7% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Temporarily Preserved Vegetable Production in MENA

In value terms, temporarily preserved vegetable production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 59%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports in MENA

In 2022, shipments abroad of vegetables (temporarily preserved) increased by 3.3% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.8% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 37%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports amounted to $X in 2022. The total export value increased at an average annual rate of +5.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 24%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Egypt (X tons) represented the main exporter of vegetables (temporarily preserved), committing 43% of total exports. Morocco (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Syrian Arab Republic (14%), Tunisia (6.3%), Iran (6.2%) and Turkey (6.2%). Saudi Arabia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +40.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Morocco ($X) and Syrian Arab Republic ($X) were the countries with the highest levels of exports in 2022, together accounting for 78% of total exports. Iran, Tunisia, Turkey and Saudi Arabia lagged somewhat behind, together accounting for a further 21%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +26.3%, recorded 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

In 2022, the export price in MENA amounted to $X per ton, with an increase of 9.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 22%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+0.6%), while the other leaders experienced a decline in the export price figures.

Temporarily Preserved Vegetable Imports

Imports in MENA

For the third year in a row, MENA recorded decline in supplies from abroad of vegetables (temporarily preserved), which decreased by -16.9% to X tons in 2022. In general, imports saw a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of 35% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Turkey prevails in imports structure, amounting to X tons, which was approx. 53% of total imports in 2022. It was distantly followed by Algeria (X tons), the United Arab Emirates (X tons), Iraq (X tons) and Palestine (X tons), together achieving a 34% share of total imports. The following importers - Syrian Arab Republic (X tons) and Egypt (X tons) - together made up 6.1% of total imports.

Imports into Turkey increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Iraq (+15.6%), Egypt (+11.3%) and Algeria (+5.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.6% from 2012-2022. By contrast, the United Arab Emirates (-3.1%), Syrian Arab Republic (-6.1%) and Palestine (-7.0%) illustrated a downward trend over the same period. Turkey (+33 p.p.), Iraq (+7.1 p.p.), Algeria (+5.4 p.p.) and Egypt (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Palestine saw its share reduced by -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported vegetables (temporarily preserved) in MENA, comprising 59% of total imports. The second position in the ranking was held by Palestine ($X), with a 9.4% share of total imports. It was followed by Iraq, with a 7% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +5.0%. In the other countries, the average annual rates were as follows: Palestine (-4.2% per year) and Iraq (+15.5% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by 2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 16%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Palestine ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform