Middle East: Lysine Market 2024

Lysine Market Size in the Middle East

In 2022, the Middle Eastern lysine market increased by 10% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lysine Production in the Middle East

In value terms, lysine production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Lysine Exports

Exports in the Middle East

Lysine exports shrank to X tons in 2022, falling by -9.3% against the previous year's figure. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 95% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, lysine exports dropped modestly to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 80% against the previous year. The level of export peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of lysine and its esters, and salts thereof, creating 71% of total exports. Iran (X tons) held the second position in the ranking, distantly followed by Lebanon (X tons). All these countries together held approx. 21% share of total exports. The following exporters - Jordan (X tons) and the United Arab Emirates (X tons) - each resulted at a 5.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lysine exports from Turkey stood at +16.4%. At the same time, Iran (+32.2%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +32.2% from 2012-2022. Lebanon experienced a relatively flat trend pattern. By contrast, Jordan (-3.9%) and the United Arab Emirates (-12.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Iran increased by +30 and +14 percentage points, respectively.

In value terms, Turkey ($X) remains the largest lysine supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was held by Lebanon ($X), with a 3.7% share of total exports. It was followed by Jordan, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +17.0%. In the other countries, the average annual rates were as follows: Lebanon (-5.8% per year) and Jordan (-6.5% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 6.8% against the previous year. Over the period under review, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2021 when the export price increased by 53%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Turkey (+0.5%), while the other leaders experienced a decline in the export price figures.

Lysine Imports

Imports in the Middle East

In 2022, imports of lysine and its esters, and salts thereof in the Middle East soared to X tons, picking up by 25% compared with 2021 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lysine imports skyrocketed to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +88.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Turkey was the largest importing country with an import of around X tons, which reached 44% of total imports. Iran (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (12%), the United Arab Emirates (7.6%), Qatar (7.5%), Israel (6.2%) and Jordan (4.9%).

From 2012 to 2022, average annual rates of growth with regard to lysine imports into Turkey stood at +7.6%. At the same time, Qatar (+79.6%), the United Arab Emirates (+13.3%), Jordan (+5.4%) and Saudi Arabia (+2.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +79.6% from 2012-2022. By contrast, Iran (-1.6%) and Israel (-4.9%) illustrated a downward trend over the same period. Turkey (+11 p.p.), Qatar (+7.5 p.p.) and the United Arab Emirates (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia, Israel and Iran saw its share reduced by -2.3%, -9.9% and -11.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported lysine and its esters, and salts thereof in the Middle East, comprising 49% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total imports. It was followed by Iran, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.1% per year) and Iran (-8.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, picking up by 4.8% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 21%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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