Middle East: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in the Middle East

In 2021, after three years of growth, there was significant decline in the Middle Eastern glycosides and vegetable alkaloids market, when its value decreased by -12.2% to $X. Overall, consumption recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Glycosides And Vegetable Alkaloids in the Middle East

In value terms, glycosides and vegetable alkaloids production shrank to $X in 2021 estimated in export price. In general, production recorded a slight setback. The growth pace was the most rapid in 2020 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in the Middle East

Glycosides and vegetable alkaloids exports fell dramatically to X tons in 2021, declining by -38.9% against the previous year's figure. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids exports fell notably to $X in 2021. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 45%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons), Israel (X tons), the United Arab Emirates (X tons) and Iran (X tons) represented the major exporter of glycosides and vegetable alkaloids in the Middle East, constituting 88% of total export. It was distantly followed by Oman (X tons), mixing up a 5% share of total exports. The following exporters - Jordan (X tons) and Saudi Arabia (X tons) - each recorded a 5.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +23.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest glycosides and vegetable alkaloids supplying countries in the Middle East were Israel ($X), Turkey ($X) and Iran ($X), together comprising 91% of total exports.

Israel, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 67%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+16.7%), while the other leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports in the Middle East

In 2021, the amount of glycosides and vegetable alkaloids imported in the Middle East fell modestly to X tons, shrinking by -1.9% compared with 2020 figures. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 73%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids imports contracted remarkably to $X in 2021. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2015 when imports increased by 31% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the major importer of glycosides and vegetable alkaloids, constituting 46% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with an 18% share, followed by Iran (16%) and Israel (5.8%). Iraq (X tons), Lebanon (X tons) and Syrian Arab Republic (X tons) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of +6.7% from 2012 to 2021. At the same time, Iraq (+12.9%), Lebanon (+11.6%) and the United Arab Emirates (+9.4%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +12.9% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Iran (-1.1%) and Syrian Arab Republic (-19.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Iran, Israel, Iraq and Lebanon increased by +42, +16, +13, +4.9, +3.1 and +2.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported glycosides and vegetable alkaloids in the Middle East, comprising 58% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by Iran, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (-4.7% per year) and Iran (-2.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, waning by -22.2% against the previous year. Overall, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 when the import price increased by 54% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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