Middle East: Maltodextrine Market 2024

Maltodextrine Market Size in the Middle East

In 2021, the Middle Eastern maltodextrine market decreased by -18.7% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 6.7% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Maltodextrine Production in the Middle East

In value terms, maltodextrine production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7.4%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Maltodextrine Exports

Exports in the Middle East

In 2021, shipments abroad of maltodextrine and maltodextine syrup increased by 102% to X tons, rising for the fifth year in a row after two years of decline. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, maltodextrine exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Israel (X tons), committing a 9.7% share of total exports.

Turkey was also the fastest-growing in terms of the maltodextrine and maltodextine syrup exports, with a CAGR of +23.8% from 2012 to 2021. Israel (-5.0%) illustrated a downward trend over the same period. Turkey (+43 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -44% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest maltodextrine supplier in the Middle East, comprising 80% of total exports. The second position in the ranking was taken by Israel ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +16.4%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with a decrease of -8.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 9.1%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-4.2%).

Maltodextrine Imports

Imports in the Middle East

In 2021, approx. X tons of maltodextrine and maltodextine syrup were imported in the Middle East; picking up by 7.3% compared with the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.3% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, maltodextrine imports shrank to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.7% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons), distantly followed by Saudi Arabia (X tons), Israel (X tons) and the United Arab Emirates (X tons) were the key importers of maltodextrine and maltodextine syrup, together committing 77% of total imports. Iraq (X tons), Yemen (X tons), Oman (X tons), Kuwait (X tons), Iran (X tons), Bahrain (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. These countries were followed by Israel, Kuwait, Oman, Yemen, Iraq, Bahrain, Iran and Lebanon, which together accounted for a further 31%.

Bahrain, with a CAGR of +29.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, reducing by -7.9% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, maltodextrine import price decreased by -11.3% against 2019 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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