United Arab Emirates: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the United Arab Emirates

In 2022, after five years of growth, there was decline in the wheat and meslin flour market in the United Arab Emirates, when its value decreased by -0.2% to $X. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wheat and meslin flour consumption peaked at $X in 2021, and then reduced slightly in the following year.

Production of Wheat and Meslin Flour in the United Arab Emirates

In value terms, wheat and meslin flour production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from the United Arab Emirates

In 2022, overseas shipments of wheat and meslin flour increased by 7.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.4% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 44% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports stood at $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons), Bahrain (X tons) and Jordan (X tons) were the main destinations of wheat and meslin flour exports from the United Arab Emirates, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +65.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) emerged as the key foreign market for wheat and meslin flour exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 22% share of total exports. It was followed by the United States, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Sri Lanka stood at +70.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+28.1% per year) and the United States (+1.9% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and the United States ($X per ton), while the average price for exports to Bahrain ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into the United Arab Emirates

In 2022, imports of wheat and meslin flour into the United Arab Emirates contracted to X tons, waning by -13.3% compared with 2021. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 106% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wheat and meslin flour imports dropped notably to $X in 2022. Overall, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2019 when imports increased by 87% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest wheat and meslin flour supplier to the United Arab Emirates, accounting for a 75% share of total imports. Moreover, wheat and meslin flour imports from India exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by Ukraine (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.3% per year) and Ukraine (+18.4% per year).

In value terms, India ($X) constituted the largest supplier of wheat and meslin flour to the United Arab Emirates, comprising 65% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.8% share of total imports. It was followed by Italy, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.1% per year) and Italy (+19.0% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, waning by -2.5% 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 2014 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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