Middle East: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in the Middle East

For the third year in a row, the Middle Eastern tapioca and substitutes market recorded growth in sales value, which increased by 5.7% to $X in 2021. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.3% against 2017 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Tapioca And Substitutes Production in the Middle East

In value terms, tapioca and substitutes production shrank to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 114%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tapioca And Substitutes Exports

Exports in the Middle East

In 2021, the amount of tapioca and substitutes exported in the Middle East dropped sharply to X tons, reducing by -29.2% on 2020 figures. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tapioca and substitutes exports rose rapidly to $X in 2021. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman represented the major exporter of tapioca and substitutes in the Middle East, with the volume of exports reaching X tons, which was near 44% of total exports in 2021. The United Arab Emirates (X tons) took the second position in the ranking, followed by Lebanon (X tons), Syrian Arab Republic (X tons) and Jordan (X tons). All these countries together held near 49% share of total exports. Saudi Arabia (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tapioca and substitutes exports from Oman stood at +9.0%. At the same time, Saudi Arabia (+12.2%) and the United Arab Emirates (+11.1%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +12.2% from 2012-2021. By contrast, Israel (-7.0%), Lebanon (-8.5%), Syrian Arab Republic (-8.6%) and Jordan (-32.9%) illustrated a downward trend over the same period. Oman (+37 p.p.), the United Arab Emirates (+17 p.p.), Lebanon (+3.2 p.p.), Syrian Arab Republic (+2.5 p.p.) and Saudi Arabia (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Jordan saw its share reduced by -61.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tapioca and substitutes supplying countries in the Middle East were Oman ($X), Lebanon ($X) and the United Arab Emirates ($X), with a combined 67% share of total exports.

Oman, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, rising by 55% against the previous year. Over the period under review, the export price saw slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.6%), while the other leaders experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports in the Middle East

In 2021, approx. X tons of tapioca and substitutes were imported in the Middle East; increasing by 30% compared with the previous year's figure. Overall, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 65%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, tapioca and substitutes imports rose sharply to $X in 2021. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 163% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The United Arab Emirates represented the main importer of tapioca and substitutes in the Middle East, with the volume of imports amounting to X tons, which was approx. 50% of total imports in 2021. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons), together mixing up a 39% share of total imports. Bahrain (X tons), Qatar (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined 83% share of total imports.

Kuwait, with a CAGR of +25.6%, recorded 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

The import price in the Middle East stood at $X per ton in 2021, which is down by -19.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 60% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood 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 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 Saudi Arabia (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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