Middle East: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in the Middle East

The Middle Eastern starch manufacture residues market reached $X in 2022, approximately equating the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Starch Manufacture Residues Production in the Middle East

In value terms, starch manufacture residues production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Starch Manufacture Residues Exports

Exports in the Middle East

In 2022, shipments abroad of residues of starch manufacture decreased by -4.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 164% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, starch manufacture residues exports fell to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by 122%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates represented the key exporter of residues of starch manufacture in the Middle East, with the volume of exports finishing at X tons, which was approx. 72% of total exports in 2022. It was distantly followed by Turkey (X tons) and Israel (X tons), together generating a 27% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +31.6% from 2012 to 2022. At the same time, Turkey (+44.5%) and Israel (+25.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +44.5% from 2012-2022. Turkey (+14 p.p.), Israel (+5.7 p.p.) and the United Arab Emirates (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of +47.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 56%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($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 (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Starch Manufacture Residues Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded decline in supplies from abroad of residues of starch manufacture, which decreased by -87.8% to X tons in 2022. Over the period under review, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of 74%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, starch manufacture residues imports declined sharply to $X in 2022. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 45%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was approx. 85% of total imports in 2022. The United Arab Emirates (X tons), Jordan (X tons), Oman (X tons) and Qatar (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of -23.9% from 2012 to 2022. At the same time, Jordan (+5.2%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +5.2% from 2012-2022. Oman experienced a relatively flat trend pattern. By contrast, Qatar (-7.1%) and the United Arab Emirates (-14.8%) illustrated a downward trend over the same period. Jordan (+3.2 p.p.), the United Arab Emirates (+2.5 p.p.), Oman (+2.5 p.p.) and Qatar (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -4.8% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported residues of starch manufacture in the Middle East, comprising 73% of total imports. The second position in the ranking was taken by Jordan ($X), with a 7.8% share of total imports. It was followed by the United Arab Emirates, with a 6.1% share.

In Turkey, starch manufacture residues imports declined by an average annual rate of -20.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (+3.4% per year) and the United Arab Emirates (-6.7% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, jumping by 51% against the previous year. Over the period under review, the import price showed a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Jordan ($X per ton), while Turkey ($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 (+22.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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