GCC: Cereal Germ Market 2024

Cereal Germ Market Size in GCC

The GCC cereal germ market rose significantly to $X in 2022, picking up by X% against the previous year. Overall, consumption saw strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cereal Germ Production in GCC

In value terms, cereal germ production expanded markedly to $X in 2022 estimated in export price. Overall, production saw resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cereal Germ Exports

Exports in GCC

In 2022, overseas shipments of cereal germ increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cereal germ exports fell remarkably to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), mixing up an X% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest cereal germ supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Cereal Germ Imports

Imports in GCC

In 2022, overseas purchases of cereal germ were finally on the rise to reach X tons after two years of decline. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, cereal germ imports surged to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kuwait represented the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total imports. Oman (X tons) held a minor share of total imports.

Kuwait was also the fastest-growing in terms of the cereal germ imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Kuwait ($X) constitutes the largest market for imported cereal germ in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports.

In Kuwait, cereal germ imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Oman ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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