Middle East: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in the Middle East

In 2022, the Middle Eastern market for malt extract and food preparations of flour, meal, and starches decreased by -6.5% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, posted a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in the Middle East

In value terms, production of malt extract and food preparations of flour, meal, and starches shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 30% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in the Middle East

Exports of malt extract and food preparations of flour, meal, and starches totaled X tons in 2022, approximately reflecting the previous year's figure. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 114%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 176% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) were the key exporters of malt extract and food preparations of flour, meal, and starches in 2022, recording approx. 32% and 29% of total exports, respectively. It was distantly followed by Iran (X tons), Jordan (X tons), Saudi Arabia (X tons) and Oman (X tons), together making up a 35% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +44.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 71% of total exports. Jordan, Saudi Arabia, Oman and Kuwait lagged somewhat behind, together comprising a further 26%.

Jordan, with a CAGR of +35.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 the Middle East amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, showed a perceptible setback. The growth pace was the most rapid in 2014 when the export price increased by 29% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Jordan ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in the Middle East

In 2022, imports of malt extract and food preparations of flour, meal, and starches in the Middle East reduced to X tons, dropping by -8.8% compared with the year before. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 108%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 82%. Over the period under review, imports of hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Iraq (X tons), the United Arab Emirates (X tons) and Yemen (X tons) was the main importer of malt extract and food preparations of flour, meal, and starches in the Middle East, constituting 85% of total import. The following importers - Israel (X tons), Lebanon (X tons), Turkey (X tons) and Iran (X tons) - together made up 9.2% of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +53.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Yemen ($X), together accounting for 84% of total imports.

In terms of the main importing countries, Yemen, with a CAGR of +54.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the import price increased by 9.5% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a 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 Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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