Middle East: Prepared Drier Market 2024

Prepared Drier Market Size in the Middle East

The Middle Eastern prepared drier market totaled $X in 2022, standing approx. at the previous year. Over the period under review, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Prepared Drier Production in the Middle East

In value terms, prepared drier production dropped to $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Prepared Drier Exports

Exports in the Middle East

In 2022, exports of prepared driers in the Middle East dropped to X tons, declining by X% against the year before. The total export volume increased at an average annual rate of X% 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 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, prepared drier exports skyrocketed to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%).

In value terms, Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Prepared Drier Imports

Imports in the Middle East

In 2022, purchases abroad of prepared driers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, prepared drier imports reduced notably to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Iraq (X tons), the United Arab Emirates (X tons) and Turkey (X tons) represented roughly X% of total imports in 2022. Lebanon (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Yemen (X%). The following importers - Israel (X tons), Kuwait (X tons), Jordan (X tons), Oman (X tons), Bahrain (X tons), Iran (X tons), Syrian Arab Republic (X tons) and Palestine (X tons) - together made up X% of total imports.

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

In value terms, the largest prepared drier importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), with a combined X% share of total imports. Israel, Jordan, Kuwait, Lebanon, Oman, Iran, Yemen, Bahrain, Palestine and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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