Middle East: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the Middle East

The Middle Eastern wheat and meslin flour market declined to $X in 2022, shrinking by -3.6% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wheat and Meslin Flour in the Middle East

In value terms, wheat and meslin flour production contracted to $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports in the Middle East

In 2022, overseas shipments of wheat and meslin flour increased by 3.1% to X tons for the first time since 2019, thus ending a two-year declining trend. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports surged to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +49.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 87% of total exports in 2022. It was distantly followed by Oman (X tons), making up a 7.4% share of total exports. The following exporters - Kuwait (X tons) and the United Arab Emirates (X tons) - each reached a 4.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wheat and meslin flour exports from Turkey stood at +4.5%. At the same time, Oman (+13.8%), Kuwait (+6.6%) and the United Arab Emirates (+3.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +13.8% from 2012-2022. From 2012 to 2022, the share of Oman increased by +4.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest wheat and meslin flour supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was held by Oman ($X), with a 5.6% share of total exports. It was followed by Kuwait, with a 2.9% share.

In Turkey, wheat and meslin flour exports expanded at an average annual rate of +5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+10.7% per year) and Kuwait (+5.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by 26% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price increased by +53.9% against 2017 indices. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while Oman ($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 (+1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Wheat and Meslin Flour

Imports in the Middle East

In 2022, overseas purchases of wheat and meslin flour increased by 0.4% to X tons, rising for the second year in a row after three years of decline. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wheat and meslin flour imports reduced slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Iraq was the key importer of wheat and meslin flour in the Middle East, with the volume of imports accounting for X tons, which was near 50% of total imports in 2022. Yemen (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Syrian Arab Republic (12%) and the United Arab Emirates (5.2%). Saudi Arabia (X tons), Palestine (X tons) and Turkey (X tons) followed a long way behind the leaders.

Imports into Iraq increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Turkey (+85.6%), Yemen (+32.6%), Syrian Arab Republic (+22.5%), Palestine (+7.3%), the United Arab Emirates (+5.6%) and Saudi Arabia (+4.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +85.6% from 2012-2022. From 2012 to 2022, the share of Yemen, Syrian Arab Republic and Turkey increased by +18, +8.5 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X) constitutes the largest market for imported wheat and meslin flour in the Middle East, comprising 47% of total imports. The second position in the ranking was held by Yemen ($X), with an 18% share of total imports. It was followed by Syrian Arab Republic, with an 11% share.

In Iraq, wheat and meslin flour imports expanded at an average annual rate of +1.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Yemen (+29.3% per year) and Syrian Arab Republic (+19.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, declining by -4% against the previous year. In general, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 12%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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