GCC: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in GCC

The GCC market for protein concentrates and flavoured or coloured sugar syrups rose to $X in 2023, increasing by X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in GCC

In value terms, production of protein concentrates and flavoured or coloured sugar syrups reached $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in GCC

In 2023, the amount of protein concentrates and flavoured or coloured sugar syrups exported in GCC soared to X tons, surging by X% against the previous year's figure. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2023. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in syrups structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Oman (X tons), comprising a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, exports of protein concentrates and flavoured or coloured sugar syrups expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a slight setback. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in GCC

Imports of protein concentrates and flavoured or coloured sugar syrups rose notably to X tons in 2023, picking up by X% against the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups stood at $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Saudi Arabia (X tons), Qatar (X tons) and Oman (X tons), together creating a X% share of total imports. The following importers - Kuwait (X tons) and Bahrain (X tons) - together made up X% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported protein concentrates and flavoured or coloured sugar syrups in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, imports of protein concentrates and flavoured or coloured sugar syrups increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform