MENA: Vinegar Market 2024

Vinegar Market Size in MENA

In 2022, the MENA's vinegar market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, faced a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vinegar Production in MENA

In value terms, vinegar production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vinegar Exports

Exports in MENA

In 2022, overseas shipments of vinegar decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, recorded strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, vinegar exports expanded modestly to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Iran (X tons) represented roughly X% of total exports in 2022. Lebanon (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%). Morocco (X tons) and Oman (X tons) followed a long way behind the leaders.

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

In value terms, the largest vinegar supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), together comprising X% of total exports.

Among the main exporting countries, Iran, with a CAGR of X%, recorded the highest growth rate of 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, surging by X% against the previous year. In general, the export price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Vinegar Imports

Imports in MENA

In 2022, vinegar imports in MENA surged to X tons, increasing by X% compared with the year before. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vinegar imports rose notably to $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Israel was the largest importing country with an import of around X tons, which resulted at X% of total imports. Saudi Arabia (X tons) took the second position in the ranking, followed by Iraq (X tons) and the United Arab Emirates (X tons). All these countries together took approx. X% share of total imports. Oman (X tons), Morocco (X tons) and Kuwait (X tons) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the vinegar imports, with a CAGR of X% from 2012 to 2022. At the same time, Iraq (X%), Oman (X%), the United Arab Emirates (X%), Kuwait (X%), Saudi Arabia (X%) and Morocco (X%) displayed positive paces of growth. While the share of Israel (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kuwait (X p.p.), the United Arab Emirates (X p.p.), Morocco (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vinegar importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X), with a combined X% share of total imports.

Iraq, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Kuwait ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform