MENA: Wheat Gluten Market 2024

Wheat Gluten Market Size in MENA

The MENA's wheat gluten market surged to $X in 2022, increasing by 24% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.1% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wheat Gluten Production in MENA

In value terms, wheat gluten production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 27%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Wheat Gluten Exports

Exports in MENA

In 2022, shipments abroad of wheat gluten increased by 44% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 153% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, wheat gluten exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 234% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) and Iran (X tons) dominates exports structure, together comprising 97% of total exports. The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +62.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest wheat gluten supplier in MENA, comprising 67% of total exports. The second position in the ranking was held by Iran ($X), with a 31% share of total exports.

In Turkey, wheat gluten exports expanded at an average annual rate of +65.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (+36.1% per year) and the United Arab Emirates (+44.6% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by 19% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +57.7% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 44% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($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 (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Wheat Gluten Imports

Imports in MENA

In 2022, purchases abroad of wheat gluten increased by 20% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.9% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 23%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wheat gluten imports soared to $X in 2022. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importer of wheat gluten in MENA, with the volume of imports reaching X tons, which was near 58% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, followed by Israel (X tons) and Egypt (X tons). All these countries together took near 35% share of total imports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +7.4% from 2012 to 2022. At the same time, the United Arab Emirates (+12.4%), Egypt (+11.8%), Saudi Arabia (+5.4%) and Israel (+2.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +12.4% from 2012-2022. Turkey (+4.2 p.p.) and Egypt (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Israel saw its share reduced by -1.7% and -6.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported wheat gluten in MENA, comprising 59% of total imports. The second position in the ranking was taken by Israel ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with a 13% share.

In Turkey, wheat gluten imports increased at an average annual rate of +12.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+5.2% per year) and Saudi Arabia (+7.1% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Israel ($X per ton), while the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were 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