United Arab Emirates: Modified Starches Market 2024

Modified Starches Market Size in the United Arab Emirates

The modified starches market in the United Arab Emirates shrank to $X in 2022, waning by -9.6% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Modified Starches Production in the United Arab Emirates

In value terms, modified starches production fell to $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of 125% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Modified Starches Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of dextrins and other modified starches were exported from the United Arab Emirates; declining by -9.8% on 2021. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +16.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 64%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, modified starches exports contracted rapidly to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +28.2% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons), Bahrain (X tons) and Italy (X tons) were the main destinations of modified starches exports from the United Arab Emirates, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +388.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for dextrins and other modified starches exports from the United Arab Emirates, comprising 41% of total exports. The second position in the ranking was held by Italy ($X), with a 20% share of total exports. It was followed by Bahrain, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +160.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+140.0% per year) and Bahrain (+31.2% per year).

Export Prices by Country

The average modified starches export price stood at $X per ton in 2022, declining by -9.1% against the previous year. Over the period under review, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. The export price 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 destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into the United Arab Emirates

In 2022, the amount of dextrins and other modified starches imported into the United Arab Emirates fell to X tons, waning by -7% against the previous year. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 91% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, modified starches imports contracted to $X in 2022. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2019 with an increase of 124%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest modified starches supplier to the United Arab Emirates, accounting for a 42% share of total imports. Moreover, modified starches imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.9% per year) and the United States (+17.8% per year).

In value terms, the largest modified starches suppliers to the United Arab Emirates were India ($X), the United States ($X) and the Netherlands ($X), with a combined 57% share of total imports. Turkey, Germany, China, Italy and the UK lagged somewhat behind, together comprising a further 17%.

China, with a CAGR of +62.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, reducing by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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