Middle East: Market for Starch other than Wheat, Corn or Potato 2024

Market Size for Starch other than Wheat, Corn or Potato in the Middle East

The Middle Eastern market for starch other than wheat, corn or potato fell modestly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, showed a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Starch other than Wheat, Corn or Potato in the Middle East

In value terms, production of starch other than wheat, corn or potato fell to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports in the Middle East

After six years of growth, overseas shipments of starch other than wheat, corn or potato decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2022, and then dropped notably in the following year.

In value terms, exports of starch other than wheat, corn or potato declined sharply to $X in 2023. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

Israel was the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports. Saudi Arabia (X tons) and Iran (X tons) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the starch other than wheat, corn or potato exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Saudi Arabia (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. Israel (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest starch other than wheat, corn or potato supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Starch other than Wheat, Corn or Potato

Imports in the Middle East

Imports of starch other than wheat, corn or potato dropped remarkably to X tons in 2023, shrinking by X% on the previous year. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, imports of starch other than wheat, corn or potato dropped dramatically to $X in 2023. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the seven major importers of starch other than wheat, corn or potato, namely Israel, Oman, the United Arab Emirates, Kuwait, Turkey, Qatar and Lebanon, represented more than two-thirds of total import.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch other than wheat, corn or potato importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Oman, Kuwait, Qatar and Lebanon lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, which is down by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for starch other than wheat, corn or potato decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform