Middle East: Sugars Market 2024

Sugars Market Size in the Middle East

In 2021, the Middle Eastern sugars market increased by 28% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sugars Production in the Middle East

In value terms, sugars production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sugars Exports

Exports in the Middle East

In 2021, overseas shipments of sugars, sugar ethers and salts increased by 142% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 260% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, sugars exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 223%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Israel was the main exporting country with an export of around X tons, which finished at 68% of total exports. It was distantly followed by Turkey (X tons) and the United Arab Emirates (X tons), together comprising a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sugars exports from Israel stood at +45.1%. At the same time, Turkey (+60.0%) and the United Arab Emirates (+18.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +60.0% from 2012-2021. Israel (+35 p.p.) and Turkey (+20 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -11.7% from 2012 to 2021, respectively.

In value terms, Israel ($X) remains the largest sugars supplier in the Middle East, comprising 79% of total exports. The second position in the ranking was held by Turkey ($X), with a 17% share of total exports.

In Israel, sugars exports increased at an average annual rate of +42.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+63.2% per year) and the United Arab Emirates (+12.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, rising by 24% against the previous year. Overall, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2017 when the export price increased by 64% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the other leaders experienced a decline in the export price figures.

Sugars Imports

Imports in the Middle East

In 2021, overseas purchases of sugars, sugar ethers and salts were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports skyrocketed to $X in 2021. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the main importing country with an import of about X tons, which resulted at 66% of total imports. It was distantly followed by Israel (X tons), the United Arab Emirates (X tons) and Iraq (X tons), together achieving a 26% share of total imports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sugars imports into Turkey stood at +3.5%. At the same time, Iraq (+24.4%), Israel (+18.6%) and the United Arab Emirates (+4.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +24.4% from 2012-2021. Iran experienced a relatively flat trend pattern. While the share of Israel (+10 p.p.) and Iraq (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iran (-1.6 p.p.) and Turkey (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported sugars, sugar ethers and salts in the Middle East, comprising 62% of total imports. The second position in the ranking was held by Iran ($X), with an 11% share of total imports. It was followed by Israel, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +4.3%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+16.9% per year) and Israel (+5.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, with an increase of 2.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Iran ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+18.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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