Middle East: Liquorice Products Market 2020

Liquorice Products Market Size in Middle East

The revenue of the liquorice products market in Middle East amounted to $X in 2017, declining by -X% against the previous year. The liquorice products consumption continues to indicate a mild slump. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, the liquorice products market attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Liquorice Products Production in Middle East

In 2017, approx. X tons of liquorice cakes, blocks, sticks and pastilles were produced in Middle East; therefore, remained relatively stable against the previous year. The liquorice products production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when the output figure increased by X% y-o-y. The volume of liquorice products production peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Liquorice Products Exports in Middle East

In 2017, liquorice products exports in Middle East amounted to X tons, jumping by X% against the previous year. The total exports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the liquorice products exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Over the period under review, the liquorice products exports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, liquorice products exports stood at $X in 2017. The total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the liquorice products exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Liquorice Products Exports by Country in Middle East

Turkey dominates liquorice products exports structure, accounting for X tons, which was approx. X% of total exports in 2017. Saudi Arabia (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%). Kuwait (X tons), Jordan (X tons), Yemen (X tons) and Oman (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Oman (+X%), Jordan (+X%), Kuwait (+X%), Yemen (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of Kuwait (-X%), Jordan (-X%), Saudi Arabia (-X%) and Turkey (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest liquorice products supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Turkey amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

Liquorice Products Export Prices by Country in Middle East

The liquorice products export price in Middle East stood at $X per ton in 2017, remaining relatively unchanged against the previous year. The liquorice products export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. Over the period under review, the export prices for liquorice cakes, blocks, sticks and pastilles reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Liquorice Products Imports in Middle East

In 2017, imports of liquorice cakes, blocks, sticks and pastilles in Middle East stood at X tons, dropping by -X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, liquorice products imports amounted to $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the liquorice products imports decreased by -X% against 2014 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Liquorice Products Imports by Country in Middle East

The imports of the three major importers of liquorice cakes, blocks, sticks and pastilles, namely the United Arab Emirates, Saudi Arabia and Iraq, represented more than third of total import. Jordan (X tons) ranks second in terms of the global imports with a X% share, followed by Yemen (X%), Israel (X%) and Iran (X%). Lebanon (X tons), Kuwait (X tons), Turkey (X tons), Oman (X tons) and Palestine (X tons) occupied the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2017, together comprising X% of total imports. These countries were followed by Israel, Jordan, Iran, Kuwait, Yemen, Lebanon, Palestine, Oman and Turkey, which together accounted for a further X%.

Turkey (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Liquorice Products Import Prices by Country in Middle East

The liquorice products import price in Middle East stood at $X per ton in 2017, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014, when the import prices increased by X% year-to-year. Over the period under review, the import prices for liquorice cakes, blocks, sticks and pastilles reached its peak figure level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Kuwait ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Yemen (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform