GCC: Durum Wheat Market 2024

Durum Wheat Market Size in GCC

In 2022, the GCC durum wheat market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a significant expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Durum Wheat Production in GCC

In value terms, durum wheat production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Saudi Arabia (X tons) constituted the country with the largest volume of durum wheat production, comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Saudi Arabia amounted to X%.

The average durum wheat yield was estimated at X tons per ha in 2022, picking up by X% on the year before. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of durum wheat were harvested in GCC; remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to durum wheat production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Durum Wheat Exports

Exports in GCC

In 2022, overseas shipments of durum wheat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports declined markedly to $X in 2022. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Oman (X tons) were the main exporters of durum wheat in 2022, recording approx. X% and X% of total exports, respectively. It was distantly followed by Saudi Arabia (X tons), generating an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest durum wheat supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, durum wheat exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Oman ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Durum Wheat Imports

Imports in GCC

In 2022, approx. X tons of durum wheat were imported in GCC; increasing by X% against the previous year's figure. In general, imports saw significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports rose to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Saudi Arabia represented the key importer of durum wheat in GCC, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total imports.

Saudi Arabia was also the fastest-growing in terms of the durum wheat imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported durum wheat in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $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%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :