GCC: Modified Starches Market 2024

Modified Starches Market Size in GCC

The GCC modified starches market rose notably to $X in 2022, picking up by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Modified Starches Production in GCC

In value terms, modified starches production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Modified Starches Exports

Exports in GCC

In 2022, exports of dextrins and other modified starches in GCC soared to X tons, picking up by X% against the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, modified starches exports skyrocketed to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the main exporter of dextrins and other modified starches, constituting X% of total exports. It was distantly followed by Saudi Arabia (X tons), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to modified starches exports from the United Arab Emirates stood at X%. 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. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest modified starches supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, modified starches exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild decrease. The level of export peaked at $X per ton in 2012; however, from 2013 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 the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $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%).

Modified Starches Imports

Imports in GCC

Modified starches imports surged to X tons in 2022, picking up by X% against 2021. Overall, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, modified starches imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which finished at X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%) and Kuwait (X%). Qatar (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the dextrins and other modified starches imports, with a CAGR of X% from 2012 to 2022. At the same time, Qatar (X%), Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported dextrins and other modified starches in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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